Electro-Sensors, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 12:16 pm
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Electro-Sensors, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 2.462 million compared to USD 2.092 million a year ago. Operating income was USD 271,000 compared to USD 19,000 a year ago. Net income was USD 214,000 compared to USD 18,000 a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.01 a year ago. For the half year, sales was USD 4.363 million compared to USD 4.015 million a year ago. Operating income was USD 267,000 compared to operating loss of USD 122,000 a year ago. Net income was USD 212,000 compared to net loss of USD 73,000 a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Electro-Sensors, Inc. manufactures and sells industrial production monitoring and process control systems. It manufactures a line of monitoring and control systems for a range of industrial machine applications. The systems measure machine production and operation rates, as well as regulate the speed of related machines in production processes. Its product range includes speed monitoring systems, temperature application products, position application products, vibration monitoring products, tilt switches and hazard monitoring systems. Its speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by its customers. Its speed monitoring systems also include a line of products that measure production counts or rates, such as number of parts, gallons per minute and others. Its main temperature applications include bearing, gear box, and motor temperature monitoring sensors. Electro-Sentry and HazardPRO are its hazard monitoring systems.
ELECTRO-SENSORS, INC. 
