Electro-Sensors, Inc. (ELSE) saw its loss narrow to $0.08 million, or $0.02 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $0.09 million, or $0.03 a share. Revenue during the quarter dropped 3.85 percent to $1.65 million from $1.72 million in the previous year period. Gross margin for the quarter expanded 6 basis points over the previous year period to 54.48 percent. Operating margin for the quarter stood at negative 8.67 percent as compared to a negative 8.62 percent for the previous year period.
Operating loss for the quarter was $0.14 million, compared with an operating loss of $0.15 million in the previous year period.
Working capital remains almost stableElectro-Sensors, Inc. has recorded an increase in the working capital over the last year. It stood at $10.02 million as at Mar. 31, 2017, up 0.75 percent or $0.07 million from $9.94 million on Mar. 31, 2016. Current ratio was at 15.17 as on Mar. 31, 2017, down from 19.05 on Mar. 31, 2016. Days sales outstanding were almost stable at 41 days for the quarter, when compared with the last year period.
Days inventory outstanding has decreased to 93 days for the quarter compared with 178 days for the previous year period.
Debt comes down significantly
Electro-Sensors, Inc. has recorded a decline in total debt over the last one year. It stood at $0.20 million as on Mar. 31, 2017, down 57.14 percent or $0.26 million from $0.46 million on Mar. 31, 2016. Short-term debt stood at $0.20 million as on Mar. 31, 2017. Total debt was 1.50 percent of total assets as on Mar. 31, 2017, compared with 3.50 percent on Mar. 31, 2016. Debt to equity ratio was at 0.02 as on Mar. 31, 2017, down from 0.04 as on Mar. 31, 2016. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
