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Electro-Sensors, Inc. Announces First Quarter 2021 Financial Results


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Net sales for the 2021 first quarter decreased 1.1% to $1,901,000 from $1,923,000 in the prior-year quarter.  Correspondingly, operating expenses have been reduced, leading to a smaller net loss in the first quarter of 2021 compared to the net loss in the similar period during 2020.
While COVID-19 continues to impact our business, during the first quarter we were encouraged with increases in international sales as well as gains from our HazardPRO line of wireless hazard monitoring systems, said David L. Klenk, Electro-Sensors president. Additionally, as travel restrictions are gradually beginning to lift, our ability to visit customers for sales and service has improved, leading to closer engagements with our customers. ....

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