Electro-Sensors, Inc. Announces Third Quarter 2017 Financial Results

MINNETONKA, Minn., Nov. 13, 2017

• Quarterly revenue of $2,054,000
• Sales increased 11.8% compared to third quarter of 2016
• Gross margin of 55.2%
• Operating income margin of 10.8%

Selected Financial Information (unaudited; in thousands, except per share data)

	Q3 2017				Q3 2016			Change
Net Sales		$ ARIVA.DE Börsen-Geflüster Kurse Electro-Sensors 4,12 $ -0,96%	2,054		$	1,837		11.8	%
Gross Margin			55.2	%		54.5	%	70	bps
Operating Income		$	222		$	29		665.5	%
Operating Income Margin			10.8	%		1.5	%	930	bps
Income Before Income Taxes		$	234		$	35		568.6	%
Earning Per Share (diluted)		$	.04		$	.01		300.0	%

Net sales in the third quarter increased 11.8% to $2,054,000 from $1,837,000 in the prior-year quarter.  For the first nine months of 2017, net sales increased 8.0% to $6,005,000 from $5,562,000 for the first nine months of the prior year. The increase in the third quarter was primarily due to an increase in the average size of large orders in both our HazardPRO™ wireless hazard monitoring systems and legacy products.  Additionally, in the nine months ended September 30, 2017, the Company experienced significant growth in our international markets.

"During our third quarter we once again delivered increases in both revenue and operating income over the comparable period in the prior year.  We are especially pleased that we experienced growth in both our legacy products as well as our HazardPRO wireless hazard monitoring systems," said Electro-Sensors President David L. Klenk.

A full analysis of results for the period ended September 30, 2017 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. Statements of Income For the Three and Nine Months Ended September 30, 2017 and 2016 (unaudited) (in thousands except share and per share amounts)
	Three Months Ended September 30,
	2017			2016
Sales	$	2,054		$	1,837
Cost of goods sold		920			835
Gross profit		1,134			1,002
Operating expenses		912			973
Operating income		222			29
Non-operating income		12			6
Income before income taxes		234			35
Income taxes		82			12
Net income	$	152		$	23
Earnings per share – diluted	$	0.04		$	0.01
Average shares outstanding - diluted		3,400,988			3,396,776
	Nine Months Ended September 30,
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