Company: ELSE
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000897101-25-000160
Chunk: 37

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 5
Chunk 37
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Our common stock trades on the Nasdaq Capital Market of The Nasdaq Stock Market® under the symbol “ELSE.” 

Based on data provided by our transfer agent, as of February 27, 2025, we had 55 shareholders of record who held 834,132 shares of the Company’s common stock.

At the time of this report, the Company does not intend to pay dividends in the foreseeable future.

From time to time, we may be required to repurchase our common stock as a result of Employee Stock Ownership Plan ("ESOP") obligations described in Note 9 to our 2024 financial statements. We did not repurchase any common stock during the years ended December 31, 2024 and 2023.

The information required by Item 201(d) of SEC Regulation S-K is set forth in Item 12 of this Form 10-K.

 Item 6.                    [Reserved]. 

12    

 Item 7.                   Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

The following discussion should be read in conjunction with our financial statements and related notes. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated due to various factors discussed under “Forward-Looking Statements” in Item 1 of this Annual Report on Form 10-K.

RESULTS OF OPERATIONS

The following table contains selected financial information, for the years indicated, from our statements of comprehensive income expressed as a percentage of net sales. 

 Years Ended December 31,  

 2024  

 2023  

 Net sales  

100.0 

 %  

 100.0  

 %   

 Cost of goods sold  

51.1 

 50.4  

 Gross profit  

48.9 

 49.6  

 Operating expenses  

 Selling and marketing  

15.4 

 15.6  

 General and administrative  

22.7 

 23.0  

 Research and development  

10.8 

 11.4  

 Total operating expenses  

48.9 

 50.0  

 Operating loss  

0.0 

(0.4 
) 

 Non-operating income  

 Interest income  

4.7 

 4.8  

 Total non-operating income, net  

4.7 

 4.8  

 Income before income taxes  

4.7 

4.4 

 Income tax expense (benefit)  

(0.1 
)

1.2 

 Net income  

4