New Risk • Apr 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (US$15.6m market cap). Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: US$0.088 (vs US$0.13 in FY 2024) Full year 2025 results: EPS: US$0.088 (down from US$0.13 in FY 2024). Revenue: US$10.1m (up 8.2% from FY 2024). Net income: US$306.0k (down 31% from FY 2024). Profit margin: 3.0% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: US$0.06 (vs US$0.069 in 3Q 2024) Third quarter 2025 results: EPS: US$0.06 (down from US$0.069 in 3Q 2024). Revenue: US$2.75m (up 9.4% from 3Q 2024). Net income: US$208.0k (down 13% from 3Q 2024). Profit margin: 7.6% (down from 9.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: US$0.017 (vs US$0.001 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.017 (up from US$0.001 loss in 2Q 2024). Revenue: US$2.40m (up 8.3% from 2Q 2024). Net income: US$59.0k (up US$63.0k from 2Q 2024). Profit margin: 2.5% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2025 earnings released: US$0.019 loss per share (vs US$0.003 profit in 1Q 2024) First quarter 2025 results: US$0.019 loss per share (down from US$0.003 profit in 1Q 2024). Revenue: US$2.24m (flat on 1Q 2024). Net loss: US$64.0k (down US$75.0k from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$4.97, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 22x in the Electronic industry in the US. Negligible returns to shareholders over past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: US$0.13 (vs US$0.08 in FY 2023) Full year 2024 results: EPS: US$0.13 (up from US$0.08 in FY 2023). Revenue: US$9.37m (up 9.6% from FY 2023). Net income: US$446.0k (up 62% from FY 2023). Profit margin: 4.8% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 20
Electro-Sensors, Inc., Annual General Meeting, Apr 23, 2025 Electro-Sensors, Inc., Annual General Meeting, Apr 23, 2025. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: US$0.069 (vs US$0.002 in 3Q 2023) Third quarter 2024 results: EPS: US$0.069 (up from US$0.002 in 3Q 2023). Revenue: US$2.51m (up 22% from 3Q 2023). Net income: US$238.0k (up US$230.0k from 3Q 2023). Profit margin: 9.5% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2024 earnings released: US$0.001 loss per share (vs US$0.034 profit in 2Q 2023) Second quarter 2024 results: US$0.001 loss per share (down from US$0.034 profit in 2Q 2023). Revenue: US$2.22m (up 3.7% from 2Q 2023). Net loss: US$4.0k (down 103% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: US$0.003 (vs US$0.013 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.003 (up from US$0.013 loss in 1Q 2023). Revenue: US$2.24m (up 9.7% from 1Q 2023). Net income: US$11.0k (up US$55.0k from 1Q 2023). Profit margin: 0.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Electro-Sensors, Inc., Annual General Meeting, Apr 24, 2024 Electro-Sensors, Inc., Annual General Meeting, Apr 24, 2024, at 14:00 Central Standard Time. Agenda: To elect five directors to serve until the next Annual Meeting of Shareholders; to set the number of directors at five; to ratify the appointment of Boulay PLLP as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024; and to take action upon any business as may properly come before the meeting or any adjournment or postponement thereof. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.036 in 3Q 2022) Third quarter 2023 results: EPS: US$0.002 (down from US$0.036 in 3Q 2022). Revenue: US$2.06m (down 7.2% from 3Q 2022). Net income: US$8.0k (down 93% from 3Q 2022). Profit margin: 0.4% (down from 5.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: US$0.034 (vs US$0.084 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.034 (up from US$0.084 loss in 2Q 2022). Revenue: US$2.14m (down 17% from 2Q 2022). Net income: US$116.0k (up US$400.0k from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2023 earnings released: US$0.013 loss per share (vs US$0.003 loss in 1Q 2022) First quarter 2023 results: US$0.013 loss per share (further deteriorated from US$0.003 loss in 1Q 2022). Revenue: US$2.05m (down 4.2% from 1Q 2022). Net loss: US$44.0k (loss widened 389% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Scott Gabbard was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Mobile X Global, Inc. cancelled the acquisition of Electro-Sensors, Inc. (NasdaqCM:ELSE) from Directors, officers, major shareholders and others in a reverse merger transaction. Mobile X Global, Inc. entered into definitive agreement to acquire Electro-Sensors, Inc. (NasdaqCM:ELSE) from Directors, officers, major shareholders and others in a reverse merger transaction on June 10, 2022. After the deal, Mobile X Global shareholders are expected to own approximately 76% stake in the combined company, Electro-Sensors shareholders approximately 11% stake and new equity investors approximately 13% stake respectively. Electro-Sensors shareholders as of a record date to be determined before the closing will receive special cash dividends expected to total approximately $18 million. In connection with the transaction, a third-party institutional investor has entered into a commitment letter with Mobile X Global to provide equity financing of up to $20 million upon closing of the deal, subject to diligence and definitive agreements satisfactory to the investor, including an agreement for a $50 million equity line of credit to be provided by the investor. The equity line of credit will provide significant additional liquidity, at the option of Mobile X Global. Electro-Sensors, Inc. shall be renamed Mobile X Global, Inc. and shares of the combined company are expected to continue to trade on the Nasdaq Capital Market under the ticker symbol "MOBX" upon closing of the deal. Upon closing of the deal, Peter Adderton shall become the Chairman and Chief Executive Officer of the combined company. Mobile X Global and Electro-Sensors are committed to retaining Electro-Sensors' existing employees and customers. Senior management of Electro-Sensors is expected to continue and assist in the integration of the combined company and the operation of the existing sensor business. The current Directors of Electro-Sensors will resign, and the Board of Directors of the combined company will initially consist of five members appointed by Mobile X Global post deal completion.
The transaction is subject to approval by the shareholders of Mobile X and Electro-Sensors, consent of shareholders of Mobile X Global, receipt of $20 million in third party equity financing, the filing of an amendment to ELSE 's Articles of Incorporation to increase the number of shares of common stock authorized for issuance to a number at least large enough to consummate the Merger, all applicable waiting periods (and any extension thereof) applicable to the Merger under the HSR Act shall have expired or early termination, all members of Electro-Sensors Board shall have executed written resignations, satisfaction of other customary closing conditions, including the U.S. Securities and Exchange Commission (the "SEC") having declared effective a registration statement and The Nasdaq Stock Market having approved the listing of the common stock of the combined company. The transaction has been unanimously approved by each Mobile X and Electro-Sensors Board of Directors. The transaction is expected to close in the third quarter of 2022.
B. Riley Securities acted as financial advisor and Ben D. Orlanski of Proskauer Rose LLP acted as legal counsel to Mobile X Global on the transaction. Lake Street Capital Markets acted as financial advisor and George H. Singer and Thomas G. Lovett of Ballard Spahr, LLP acted as legal advisors to Electro-Sensors for the transaction. Lake Street Capital Advisors, LLC acted as fairness opinion provider to Electro-Sensors.
Mobile X Global, Inc. cancelled the acquisition of Electro-Sensors, Inc. (NasdaqCM:ELSE) from Directors, officers, major shareholders and others in a reverse merger transaction on January 30, 2023. The financing necessary to consummate the merger was pursued but is not available due to difficult conditions in the financial markets, including the markets for PIPE investments. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Scott Gabbard was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 08
Insider recently sold US$881k worth of stock On the 6th of October, David Lazar sold around 191k shares on-market at roughly US$4.61 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$282k more than they sold in the last 12 months. Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.084 loss per share (vs US$0.063 profit in 2Q 2021) Second quarter 2022 results: US$0.084 loss per share (down from US$0.063 profit in 2Q 2021). Revenue: US$2.56m (up 4.1% from 2Q 2021). Net loss: US$284.0k (down 233% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 15
Mobile X Global, Inc. entered into definitive agreement to acquire Electro-Sensors, Inc. (NasdaqCM:ELSE) from Directors, officers, major shareholders and others in a reverse merger transaction. Mobile X Global, Inc. entered into definitive agreement to acquire Electro-Sensors, Inc. (NasdaqCM:ELSE) from Directors, officers, major shareholders and others in a reverse merger transaction on June 10, 2022. After the deal, Mobile X Global shareholders are expected to own approximately 76% stake in the combined company, Electro-Sensors shareholders approximately 11% stake and new equity investors approximately 13% stake respectively. Electro-Sensors shareholders as of a record date to be determined before the closing will receive special cash dividends expected to total approximately $18 million. In connection with the transaction, a third-party institutional investor has entered into a commitment letter with Mobile X Global to provide equity financing of up to $20 million upon closing of the deal, subject to diligence and definitive agreements satisfactory to the investor, including an agreement for a $50 million equity line of credit to be provided by the investor. The equity line of credit will provide significant additional liquidity, at the option of Mobile X Global. Electro-Sensors, Inc. shall be renamed Mobile X Global, Inc. and shares of the combined company are expected to continue to trade on the Nasdaq Capital Market under the ticker symbol "MOBX" upon closing of the deal. Upon closing of the deal, Peter Adderton shall become the Chairman and Chief Executive Officer of the combined company. Mobile X Global and Electro-Sensors are committed to retaining Electro-Sensors' existing employees and customers. Senior management of Electro-Sensors is expected to continue and assist in the integration of the combined company and the operation of the existing sensor business. The current Directors of Electro-Sensors will resign, and the Board of Directors of the combined company will initially consist of five members appointed by Mobile X Global post deal completion.
The transaction is subject to approval by the shareholders of Mobile X and Electro-Sensors, consent of shareholders of Mobile X Global, receipt of $20 million in third party equity financing, the filing of an amendment to ELSE 's Articles of Incorporation to increase the number of shares of common stock authorized for issuance to a number at least large enough to consummate the Merger, all applicable waiting periods (and any extension thereof) applicable to the Merger under the HSR Act shall have expired or early termination, all members of Electro-Sensors Board shall have executed written resignations, satisfaction of other customary closing conditions, including the U.S. Securities and Exchange Commission (the "SEC") having declared effective a registration statement and The Nasdaq Stock Market having approved the listing of the common stock of the combined company. The transaction has been unanimously approved by each Mobile X and Electro-Sensors Board of Directors. The transaction is expected to close in the third quarter of 2022.
B. Riley Securities acted as financial advisor and Ben D. Orlanski of Proskauer Rose LLP acted as legal counsel to Mobile X Global on the transaction. Lake Street Capital Markets acted as financial advisor and George H. Singer and Thomas G. Lovett of Ballard Spahr, LLP acted as legal advisors to Electro-Sensors for the transaction. Lake Street Capital Advisors, LLC acted as fairness opinion provider to Electro-Sensors. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 21% share price gain to US$5.86, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 17x in the Electronic industry in the US. Total returns to shareholders of 69% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: US$0.003 loss per share (vs US$0.001 loss in 1Q 2021) First quarter 2022 results: US$0.003 loss per share (down from US$0.001 loss in 1Q 2021). Revenue: US$2.14m (up 12% from 1Q 2021). Net loss: US$9.0k (loss widened 350% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Scott Gabbard was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: US$0.12 (vs US$0.037 loss in FY 2020) Full year 2021 results: EPS: US$0.12 (up from US$0.037 loss in FY 2020). Revenue: US$8.61m (up 13% from FY 2020). Net income: US$410.0k (up US$534.0k from FY 2020). Profit margin: 4.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Announcement • Apr 01
Electro-Sensors, Inc., Annual General Meeting, Apr 20, 2022 Electro-Sensors, Inc., Annual General Meeting, Apr 20, 2022, at 14:00 Central Standard Time. Agenda: To set the number of directors at five; to elect five directors to serve until the next AGM; to ratify the selection of Boulay PLLP as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2022; to hold an advisory vote approving executive compensation (a "Say-on-Pay" vote); and to take action upon any business as may properly come before the meeting or any adjournment or postponement thereof. Recent Insider Transactions • Jan 19
Insider recently bought US$1.2m worth of stock On the 12th of January, David Lazar bought around 198k shares on-market at roughly US$5.87 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 16
Activist Investing Discloses its Views on Electro-Sensors On January 14, 2022, David Elliot Lazar, Chief Executive Officer of Activist Investing LLC, issued a statement expressing his view that Electro-Sensors, Inc. represents and is eager to begin working with the Board of Directors and management to actively explore potential strategic options to drive shareholder value. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.002 (vs US$0.014 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.15m (up 13% from 3Q 2020). Net income: US$17.0k (up US$63.0k from 3Q 2020). Profit margin: 0.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.063 (vs US$0.005 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.46m (up 18% from 2Q 2020). Net income: US$214.0k (up US$196.0k from 2Q 2020). Profit margin: 8.7% (up from 0.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
First quarter 2021 earnings released: US$0.001 loss per share (vs US$0.027 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$1.90m (down 1.1% from 1Q 2020). Net loss: US$2.0k (loss narrowed 98% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: US$0.037 loss per share (vs US$0.055 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$7.62m (down 7.7% from FY 2019). Net loss: US$124.0k (down 166% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 17
New 90-day high: US$6.64 The company is up 70% from its price of US$3.90 on 18 November 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: US$4.95 The company is up 20% from its price of US$4.13 on 13 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: US$0.014 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$1.90m (down 7.3% from 3Q 2019). Net loss: US$46.0k (down 342% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 07
New 90-day high: US$8.50 The company is up 136% from its price of US$3.60 on 08 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period.