Electro-Sensors, Inc. reported net sales of $2,239,000 for the first quarter ended March 31, 2025, a slight decrease of 0.2% from $2,244,000 in the prior-year period. This modest decline was primarily driven by reduced sales of HazardPRO™ wireless products, though it was partially offset by an increase in sales of wired sensor products.
The company's gross margin for Q1 2025 was 48.4%, a slight increase of 30 basis points from 48.1% in Q1 2024. However, operating loss increased to $169,000, a 69.0% rise from an operating loss of $100,000 in the first quarter of 2024. This indicates higher operating expenses relative to revenue.
Electro-Sensors reported a diluted loss per share of $0.02 for the first quarter of 2025, compared to $0.00 earnings per share in Q1 2024. Income before income tax benefit also shifted to a loss of $81,000, a significant decrease from an income of $16,000 in the comparable prior-year period.
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