Company: ELSE
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000897101-25-000458
Chunk: 2

Company: ELECTRO SENSORS INC
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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)

(4.8
)

(3.7
)

(4.6
)

 Non-operating income 

     Interest expense
(0.3
)

0

(0.1
)

0

      Interest income 

3.7

4.9

3.8

5.0

Total non-operating income, net
3.4

4.9

3.7

5.0

 Income (loss) before income tax expense

3.3

0.1

(0.0
)

0.4

 Income tax expense

0.9

0.3

0.1

0.2

 Net income (loss) 

2.4
%

(0.2
)%

(0.1
)

0.2

The following paragraphs discuss the Company’s performance for the three and six months ended June 30, 2025 and 2024.
 
RESULTS OF OPERATIONS (in thousands) 
 
Net Sales
 
Net sales for the second quarter of 2025 were $2,400, an increase of $183, or 8.3%, from $2,217 during the comparable period in 2024. Net sales for the six months ended June 30, 2025 were $4,639, an increase of $178, or 4.0%, from $4,461 during the comparable period in 2024.  The increase during the
three-month period was primarily driven by increased sales to international and
OEM customers.

16

 Gross Profit
 
Gross profit for the second quarter of 2025 was $1,228, an increase of $181, or 17.3%, over the same period in 2024. Gross profit for the six months ended June 30, 2025 was $2,312, an increase of $185, or 8.7%, over the same period in 2024. Gross margin increased in the second quarter of 2025 to 51.2% from 47.2% during the same period in 2024. Gross margin for the six months ended June 30, 2025 increased to 49.8% from 47.7% over the same period in 2024. The increase in gross margin for both periods was due to an increase in