Electro-Sensors Q1 revenue rises on higher sales of wired products

Electro-Sensors, Inc.

Electro-Sensors, Inc.

ELSE

0.00


Overview

  • US machine monitoring sensor maker's Q1 revenue rose 15% yr/yr to record level

  • Company posted Q1 net loss of $0.03 per share, wider than prior year

  • Q1 gross margin increased to 51.3% from 48.4% last year


Outlook

  • Company did not provide specific guidance or outlook for the current or future periods


Result Drivers

  • WIRED PRODUCT SALES - Co said Q1 revenue growth was primarily driven by higher sales of wired products

  • INTERNATIONAL AGRICULTURE DEMAND - Co said increased international sales for agricultural applications contributed to Q1 revenue growth


Company press release: ID:nPn3Nk1Bwa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$2.58 mln

Q1 EPS

-$0.03


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