MINNETONKA, Minn., May 14, 2026 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ:ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the first quarter ended March 31, 2026.

Record first quarter revenue of $2,579,000
Gross Margin of 51.3%
Cash and investments of approximately $10.8 million

Unaudited; in thousands, except per share data

	Q1 FY26			Q1 FY25			Change
Net Sales	$	2,579		$	2,239		15.2	%
Gross Margin		51.3	%		48.4	%	290	Bps
Operating Loss	$	(218)		$	(169)		(29.0)	%
Operating Margin		(8.3)	%		(7.6)	%	(70)	bps
Loss Before Income Tax Benefit	$	(147)		$	(81)		(81.5)	%
Loss Per Share (diluted)	$	(0.03)		$	(0.02)		(50.0)	%

"We are pleased to report first quarter revenue of $2,579,000, up 15.2% from the prior-year period," said David L. Klenk, Electro-Sensors' president. "The increase was driven primarily driven by higher sales of wired products and an increase in international sales for agricultural applications.

A full analysis of results for the period ended March 31, 2026 is available in the Company's Form 10-Q, which is available on the Company's website at www.electro-sensors.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.

Electro-Sensors, Inc. Consolidated Statements of Income For the Quarter Ended March 31, 2026 and 2025 (unaudited) (in thousands except share and per share amounts)
	Three Months Ended March 31
	2026		2025
Net sales	$	2,579	$	2,239
Cost of goods sold		1,257		1,155
Gross profit		1,322		1,084

Operating expenses		1,540		1,253

Operating loss		(218)		(169)

Non-operating income		71		88

Loss before income taxes		(147)		(81)

Benefit from income taxes		(31)		(17)

Net loss	$	(116)	$	(64)

Loss per share – diluted	$	(0.03)	$	(0.02)
Average shares outstanding - diluted		3,511,867		3,449,021

Electro-Sensors, Inc. Consolidated Balance Sheets March 31, 2026 and December 31, 2025 (in thousands)
	March 31		December 31
	2026		2025
Assets	(unaudited)

Current Assets
Cash and investments	$	10,812	$	10,601
Trade receivables, net		1,393		1,404
Inventories, net		2,080		2,028
Other current assets		387		320
Total current assets		14,672		14,353

Deferred income tax asset, long-term		495		464
Property and equipment, net		892		885
Total assets	$	16,059	$	15,702



Liabilities and Stockholders' Equity

Current Liabilities
Accounts payable and accrued expenses	$	1,161	$	885
Total current liabilities		1,161		885

Stockholders' equity
Common stock		353		348
Additional paid-in capital		2,726		2,534
Retained earnings		11,819		11,935
Total stockholders' equity		14,898		14,817

Total liabilities and stockholders' equity	$	16,059	$	15,702

About Electro-Sensors

Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.

Cautionary Statement Regarding Forward Looking Statements

This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities. These forward-looking statements may include the words "will," "should," "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward−looking statements contained in federal securities laws. Forward-looking statements reflect the company's current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.

For more information please visit our website at: www.electro-sensors.com. Also look us up on:

LinkedIn: linkedin.com/company/electro-sensors-inc-

X: x.com/ESIsensors

Facebook: facebook.com/ElectroSensors

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SOURCE Electro-Sensors, Inc.

Electro-Sensors, Inc. Announces First Quarter 2026 Financial Results