ELECTRO SENSORS INC

CIK:0000351789|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Statements of Operations [Abstract]
Net sales	$ 2,579	$ 2,239
Cost of goods sold	1,257	1,155
Gross profit	1,322	1,084
Operating expenses
Selling and marketing	517	420
General and administrative	749	587
Research and development	274	246
Total operating expenses	1,540	1,253
Operating loss	(218)	(169)
Non-operating income
Interest expense	(3)	0
Interest income	74	88
Total non-operating income, net	71	88
Loss before income tax benefit	(147)	(81)
Income tax benefit	(31)	(17)
Net loss	$ (116)	$ (64)
Basic
Net loss per share	$ (0.03)	$ (0.02)
Weighted average shares	3,511,867	3,449,021
Diluted
Net loss per share	$ (0.03)	$ (0.02)
Weighted average shares	3,511,867	3,449,021

CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from (used in) operating activities
Net loss	$ (116)	$ (64)
Adjustments to reconcile net loss to net cash from (used in) operating activities:
Depreciation	21	23
Deferred income taxes	(31)	41
Stock-based compensation expense	26	31
Change in allowance for credit losses	0	5
Change in:
Trade receivables	11	(201)
Inventories	(52)	(46)
Other current assets	(67)	(36)
Accounts payable	20	160
Accrued expenses	256	115
Income tax payable/receivable	0	(58)
Net cash from (used in) operating activities	68	(30)
Cash flows used in investing activities
Purchase of property and equipment	(28)	0
Net cash used in investing activities	(28)	0
Cash flows from financing activities
Proceeds from exercise of stock options	171	0
Net cash from financing activities	171	0
Net increase (decrease) in cash and cash equivalents	211	(30)
Cash and cash equivalents, beginning	10,545	9,948
Cash and cash equivalents, ending	10,756	9,918
Supplemental cash flow information
Cash paid for income taxes	0	0
Cash paid for interest	$ 3	$ 0

CONDENSED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 10,756	$ 10,545
Investments	56	56
Trade receivables, less allowance for credit losses of $11 and $11, respectively	1,393	1,404
Inventories, net	2,080	2,028
Other current assets	315	248
Income tax receivable	72	72
Total current assets	14,672	14,353
Deferred income tax asset, net	495	464
Property and equipment	892	885
Total assets	16,059	15,702
Current liabilities
Accounts payable	274	254
Accrued expenses	887	631
Total current liabilities	1,161	885
Commitments and contingencies
Stockholders' equity
Common stock par value $0.10 per share; authorized 10,000,000 shares; 3,532,423 and 3,482,423 shares issued and outstanding, respectively	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