ELSE — what changed in the latest 10-Q
A section-by-section comparison of ELSE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-14 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −10 | ~11 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings, Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-14
Net sales for the first quarter of 2026 were $2,579, an increase of $340, or 15.2%, from $2,239 during the comparable period in 2025. The increase was primarily driven by higher sales of wired sensor products and an increase in international sales for agricultural applications.
Gross profit for the first quarter of 2026 was $1,322, an increase of $238, or 22.0%, over the same period in 2025. Gross margin increased in the first quarter of 2026 to 51.3% from 48.4% during the same period in 2025. The increase in gross margin for the period was primarily due to an increase in …
Total operating expenses increased $287, or 22.9%, to $1,540 for the first quarter of 2026 compared to the same period in 2025, and increased as a percentage of net sales to 59.6% from 56.0%. The increase in total operating expenses for the period was primarily due to costs associated with additiona…
General and administrative expenses increased $162 to $749, or 27.6%, in the first quarter of 2026 compared to the same period in 2025, and increased as a percentage of net sales to 29.0% from 26.2%. The increase in general and administrative expenses for the period was primarily due to increased …
Research and development expenses increased $28 to $274, or 11.4%, in the first quarter of 2026 compared to the same period in 2025, but decreased as a percentage of net sales to 10.6% from 11.0%. The increase in research and development expense for the quarter was primarily due to higher compensa…
Text removed vs the prior filing · source: 10-Q · 2025-11-13
Net sales for the third quarter of 2025 were $2,748, an increase of $236, or 9.4%, from $2,512 during the comparable period in 2024. Net sales for the nine months ended September 30, 2025 were $7,387, an increase of $414, or 5.9%, from $6,973 during the comparable period in 2024. The increase during…
Gross profit for the third quarter of 2025 was $1,458, an increase of $193, or 15.3%, over the same period in 2024. Gross profit for the nine months ended September 30, 2025 was $3,770, an increase of $378, or 11.1%, over the same period in 2024. Gross margin increased in the third quarter of 2025 t…
Total operating expenses increased $185, or 16.9%, to $1,277 for the third quarter of 2025 compared to the same period in 2024, and increased as a percentage of net sales to 46.5% from 43.5%. Total operating expenses increased $334, or 9.7%, to $3,760 for the nine months ended September 30, 2025 com…
General and administrative expenses increased $89 to $606, or 17.2%, in the third quarter of 2025 compared to the same period in 2024, and increased as a percentage of net sales to 22.1% from 20.6%. General and administrative expenses increased $147 to $1,768, or 9.1%, in the nine months ended Sep…
Research and development expenses increased $2 to $237, or 0.9%, in the third quarter of 2025 compared to the same period in 2024, but decreased as a percentage of net sales to 8.6% from 9.4%. Research and development expenses decreased $64 to $697, or 8.4%, in the nine months ended September 30, …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice