Electronic Systems Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 01:42 pm EDT
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Electronic Systems Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.48716 million compared to USD 0.256069 million a year ago. Net income was USD 0.073371 million compared to USD 0.008977 million a year ago. Basic earnings per share from continuing operations was USD 0.01. Diluted earnings per share from continuing operations was USD 0.01.
For the nine months, sales was USD 1.38 million compared to USD 1.14 million a year ago. Net income was USD 0.049614 million compared to USD 0.160029 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
Electronic Systems Technology, Inc. is specialized in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. The Companyâs ESTeem line of products provides communication solutions for harsh environment applications not served or that are underutilized by conventional, commercial grade communication systems. Its products are part of the ESTeem Industrial Wireless Solutions for commercial, industrial, and government arenas both domestically and internationally. ESTeem industrial wireless products provide communication links between computer networks, network enabled devices and mobile devices without cables. It manufactures nine models of the ESTeem industrial wireless modems that operate in frequencies from 150 megahertz (MHz) to 5.8 gigahertz (GHz). The Companyâs product offerings include ESTeem Models, such as 210M, 195M, 195C, 195H, Horizon900, Horizon2.4MIMO, Horizon4.9, Horizon5.8, and Edge900.
ELECTRONIC SYSTEMS TECHNOLOGY, INC. 
