• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Interlink Electronics Reports First Quarter 2023 Results

    5/11/23 9:00:00 AM ET
    $LINK
    Computer peripheral equipment
    Technology
    Get the next $LINK alert in real time by email

    Revenue increased 65% from year ago quarter on acquisitions and organic growth

    IRVINE, Calif., May 11, 2023 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a world-leading trusted technology partner in the rapidly advancing world of human-machine interface (HMI) devices, sensors, membrane keypads and other cutting-edge technologies, today announced its financial results for the three months ended March 31, 2023.

    (PRNewsfoto/Interlink Electronics)

    Revenue for the quarter was approximately $3.3 million, up 65% from the prior year period due to revenues from the gas-sensor operations acquired in December 2022 and increased sales of the company's traditional force-sensor products. This in turn drove a 28% increase in the company's gross profit to approximately $1.6 million.

    The following table sets forth the consolidated financial highlights.

    Consolidated Financial Highlights

    (Amounts in thousands except per share data and percentages)





    Three months ended March 31, 

    Consolidated Financial Results





    2023

    2022



    $ ∆

    % ∆

    Revenue





    $

    3,278



    $

    1,991





    $

    1,287



    64.6

    %

    Gross profit





    $

    1,587



    $

    1,241





    $

    346



    27.9

    %

    Gross margin







    48.4

    %



    62.3

    %













    Income (loss) from operations





    $

    (173)



    $

    18





    $

    (191)







    Net income (loss)





    $

    (191)



    $

    142





    $

    (333)







    Net income (loss) applicable to common stockholders





    $

    (291)



    $

    42





    $

    (333)







    Earnings (loss) per common share – diluted





    $

    (0.04)



    $

    0.01





    $

    (0.05)







    • Revenue in the first quarter of 2023 increased approximately 65% from the same quarter last year, due primarily to the inclusion of revenues from the SPEC Sensors and KWJ Engineering electrochemical gas sensor businesses that were acquired in December 2022 and also to an increase in shipments to our medical market customers reflecting the easing of pandemic restrictions that previously delayed installations of their products in hospitals settings.



    • Gross profit in the first quarter was up 28% compared to the year ago quarter due to increased revenues, while gross margin percentage fell from 62% to 48% due primarily to higher materials and components costs on certain orders (as impacted by the global chip shortage, which we expect will impact our gross margins through 2023), fluctuations in production efficiencies in our manufacturing operations, and changes in customer and product mix.



    • Net income/loss was a loss of $191,000 for the quarter compared with income of $142,000 in the year ago quarter, due primarily to higher selling, general and administrative expenses and research and development costs attributable to the SPEC and KWJ businesses. The prior period benefited from the inclusion of $156,000 of gains on marketable securities, while this quarter included interest income of $67,000.



    • Interlink ended the quarter with $6.7 million of cash and cash equivalents.

    "Our traditional force-sensor resistor and human-machine interface markets saw strong growth in this quarter," said Steven N. Bronson, Chairman, President, and CEO of Interlink Electronics. "At the same time, we are excited for the tremendous potential we see in the gas-sensor market with SPEC and KWJ, and we are already seeing impressive performance in membrane keypads and printed circuits with Calman Technology, which was acquired too late in the quarter to have a meaningful effect on these results. Overall, we look forward to building on our current annual revenue run rate of over $14 million as we explore new markets and acquisition opportunities."

    About Interlink Electronics, Inc.

    Interlink Electronics is a world-leading trusted technology partner in the rapidly advancing world of human-machine interface (HMI) devices, sensors, membrane keypads and other cutting-edge technologies. In addition to standard product offerings, Interlink utilizes its expertise in materials science, manufacturing, firmware, and software to produce in-house system solutions for custom applications. For 38 years, Interlink has led the printed electronics industry to commercialize its patented Force Sensing Resistor® technology. It has supplied some of the world's top electronics manufacturers with intuitive sensor and interface technologies. It also has a proven track record of supplying technological solutions for mission-critical applications in a diverse range of markets – including medical, automotive, consumer electronics, telecommunications, and industrial control – providing standard and custom-designed sensors that give engineers the flexibility and functionality they seek in today's sophisticated electronic devices.

    Recent acquisitions have expanded the Company's portfolio of products and services into new areas. SPEC Sensors and KWJ Engineering, purchased in December 2022, offer industry-leading design and manufacture of electrochemical gas-sensing technology for industry, community, health and home, providing custom solutions, advanced sensors, innovative products and unique services with uses in fields such as carbon monoxide and ozone detection and air quality monitoring. Calman Technology Limited, acquired in March 2023, brings over 25 years of experience in the design and manufacture of membrane keypads, graphic overlays and label product, with customers in fields such as medical devices and defense technologies and operations across the UK and Europe.

    Interlink serves an international customer base from our corporate headquarters in Irvine, California; our Global Product Development and Materials Science Center and distribution and logistics center in Camarillo, California; our advanced printed-electronics manufacturing facilities in Shenzhen, China, and Irvine, Scotland; and our proprietary production and product development facility in Newark, California.

    For more information, please visit www.InterlinkElectronics.com.

    Forward Looking Statements

    This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements in this press include statements about our acquisition program, our projected annual revenue run rate, and the effects of recent acquisitions, including contributions to our products, manufacturing operations and the markets we serve. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the company's industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company's forward-looking statements include, among other things, the following: our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Interlink Electronics, Inc.  

    [email protected] 

    Steven N. Bronson, CEO

    805-623-4184

     

    INTERLINK ELECTRONICS, INC.

    CONENSED CONSOLIDATED BALANCE SHEETS

    (unaudited)







    March 31, 



    December 31, 





    2023



    2022





    (in thousands)

    ASSETS













    Current assets













    Cash and cash equivalents



    $

    6,690



    $

    10,091

    Accounts receivable, net





    2,263





    1,178

    Inventories





    2,976





    2,112

    Prepaid expenses and other current assets





    505





    321

      Total current assets





    12,434





    13,702

    Property, plant and equipment, net





    309





    184

    Intangible assets, net





    64





    76

    Goodwill





    4,856





    650

    Right-of-use assets





    224





    172

    Deferred tax assets





    135





    134

    Other assets





    73





    65

      Total assets



    $

    18,095



    $

    14,983















    LIABILITIES AND STOCKHOLDERS' EQUITY













    Current liabilities













    Accounts payable



    $

    2,969



    $

    273

    Accrued liabilities





    530





    568

    Lease liabilities, current





    144





    131

    Accrued income taxes





    630





    117

      Total current liabilities





    4,273





    1,089















    Long-term liabilities













    Lease liabilities, long term





    83





    46

      Total long-term liabilities





    83





    46

      Total liabilities





    4,356





    1,135















    Stockholders' equity













    Preferred stock





    2





    2

    Common stock





    7





    7

    Additional paid-in-capital





    62,617





    62,617

    Accumulated other comprehensive income (loss)





    84





    (98)

    Accumulated deficit





    (48,971)





    (48,680)

      Total stockholders' equity





    13,739





    13,848

      Total liabilities and stockholders' equity



    $

    18,095



    $

    14,983

     

    INTERLINK ELECTRONICS, INC.

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (unaudited)

     







    Three months ended March 31, 





    2023



    2022







    (in thousands, except per share data)

    Revenue, net



    $

    3,278



    $

    1,991

    Cost of revenue





    1,691





    750

    Gross profit





    1,587





    1,241

    Operating expenses:













    Engineering, research and development





    527





    263

    Selling, general and administrative





    1,233





    960

      Total operating expenses





    1,760





    1,223

    Income (loss) from operations





    (173)





    18

    Other income (expense):













    Other income (expense), net





    64





    155

    Income (loss) before income taxes





    (109)





    173

    Income tax expense





    82





    31

    Net income (loss)



    $

    (191)



    $

    142















    Net income (loss) applicable to common stockholders



    $

    (291)



    $

    42

    Earnings (loss) per common share – basic and diluted



    $

    (0.04)



    $

    0.01

    Weighted average common shares outstanding – basic and diluted





    6,610





    6,602

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/interlink-electronics-reports-first-quarter-2023-results-301821679.html

    SOURCE INTERLINK ELECTRONICS

    Get the next $LINK alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LINK

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $LINK
    SEC Filings

    See more
    • SEC Form DEFA14A filed by Interlink Electronics Inc.

      DEFA14A - INTERLINK ELECTRONICS INC (0000828146) (Filer)

      4/17/25 12:06:01 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • SEC Form DEF 14A filed by Interlink Electronics Inc.

      DEF 14A - INTERLINK ELECTRONICS INC (0000828146) (Filer)

      4/17/25 12:03:59 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - INTERLINK ELECTRONICS INC (0000828146) (Filer)

      3/28/25 1:31:10 PM ET
      $LINK
      Computer peripheral equipment
      Technology

    $LINK
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Interlink Electronics to Participate at the Planet MicroCap Showcase April 23-24, 2025

      FREMONT, Calif., April 7, 2025 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a leading provider of sensor and printed electronics solutions, will be participating in the Planet MicroCap Showcase: VEGAS 2025, being held April 22-24, 2025, at the Paris Hotel & Casino in Las Vegas, Nevada. Interlink Chairman, President, and CEO Steven N. Bronson will deliver a company presentation on Wednesday, April 23, 2025, and host one-on-one meetings with investors on Thursday, April 24, 2025. Presentation DetailsDate: Wednesday, April 23, 2025Time: 8:00 a.m. Pacific timeLocatio

      4/7/25 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics Reports Fourth Quarter and Full Year 2024 Results

      FREMONT, Calif., March 27, 2025 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK) ("Interlink" or the "Company"), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today reported financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 and Recent Operational Highlights Acquired UK-based Conductive Transfers Limited and its affiliate, Global Print Solutions Limited, including their patented processes for

      3/27/25 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics to Attend the 37th Annual ROTH Conference as Part of its Expanded Investor Relations Program Led by Gateway Group

      IRVINE, Calif., March 11, 2025 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a leading provider of sensor and printed electronics solutions, has engaged Gateway Group (Gateway), a leading strategic financial communications and capital markets advisory firm, to lead its expanded investor relations program. Gateway will collaborate with Interlink's management team to implement a comprehensive outreach and communications strategy to enhance the company's visibility within the investment community. Key initiatives will include refining corporate messaging and investme

      3/11/25 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology

    $LINK
    Leadership Updates

    Live Leadership Updates

    See more
    • Interlink Electronics Reports Fourth Quarter and Full Year 2024 Results

      FREMONT, Calif., March 27, 2025 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK) ("Interlink" or the "Company"), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today reported financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 and Recent Operational Highlights Acquired UK-based Conductive Transfers Limited and its affiliate, Global Print Solutions Limited, including their patented processes for

      3/27/25 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics, Inc. Announces Strategic Hire and Promotions

      IRVINE, Calif., Nov. 12, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a leading provider of sensor and printed electronics solutions, is pleased to announce the appointment of Lars Timmer as Senior Business Development Manager in Europe. Additionally, Declan Flannery has been promoted to Vice President of Strategic Alliances, and Dr. Sreeni Rao has been promoted to Vice President of Product Management. Lars Timmer brings over 27 years of business development and engineering experience, with the last 17 years focused on generating revenue in the Human-Machine

      11/12/24 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics, Inc. Announces Dr. Sreeni D. Rao to Head Gas, Environmental & Air Quality Sensors Division

      Seasoned executive to lead SPEC Sensors/KWJ Engineering units IRVINE, Calif., May 1, 2023 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a world-leading trusted technology partner in the rapidly advancing world of human-machine interface devices, sensors, membrane switches and other cutting-edge technologies, is pleased to announce the appointment of Dr. Sreeni Rao, PhD, as General Manager of the company's Gas, Environmental and Air Quality Sensing Division, consisting of the SPEC Sensors and KWJ Engineering operations that the company acquired in December 2022. 

      5/1/23 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology

    $LINK
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Wolenski David John bought $13,662 worth of shares (3,000 units at $4.55), increasing direct ownership by 48% to 9,306 units (SEC Form 4)

      4 - INTERLINK ELECTRONICS INC (0000828146) (Issuer)

      8/23/24 4:06:51 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Director Fregosi Maria N. was granted 1,282 shares, increasing direct ownership by 35% to 4,945 units (SEC Form 4)

      4 - INTERLINK ELECTRONICS INC (0000828146) (Issuer)

      7/16/24 4:03:34 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Director Hou Joy C. was granted 1,282 shares, increasing direct ownership by 11% to 13,056 units (SEC Form 4)

      4 - INTERLINK ELECTRONICS INC (0000828146) (Issuer)

      7/16/24 4:02:20 PM ET
      $LINK
      Computer peripheral equipment
      Technology

    $LINK
    Financials

    Live finance-specific insights

    See more

    $LINK
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Interlink Electronics Announces Acquisition of Conductive Transfers Limited

      IRVINE, Calif., Dec. 19, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a leading provider of sensor and printed electronics solutions, is pleased to announce the acquisition of the businesses of UK-based Conductive Transfers Limited ("CT") and its affiliate, Global Print Solutions Limited ("GPS"). In addition to valuable printing equipment, Interlink is acquiring CT's and GPS's innovative patented processes for the integration of electronics with textiles, resulting in functional e-textiles and wearable technology. CT and GPS boast a successful track record w

      12/19/24 4:00:00 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics Reports Third Quarter 2024 Results

      IRVINE, Calif., Nov. 7, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today announced its financial results for the three- and nine-month periods ended September 30, 2024. Revenue for the quarter was approximately $2.7 million, down 13% from the prior-year quarter due to lower shipments of our traditional force-sensor products and of our printed electronics products at our Ca

      11/7/24 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Interlink Electronics Reports Second Quarter 2024 Results

      IRVINE, Calif., Aug. 8, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today announced its financial results for the three- and six-month periods ended June 30, 2024. Revenue for the quarter was approximately $2.9 million, down 28% from the prior year period due to lower shipments of our traditional force-sensor products and gas-sensor products, offset in part by higher sales

      8/8/24 9:00:00 AM ET
      $LINK
      Computer peripheral equipment
      Technology
    • Director Wolenski David John bought $13,662 worth of shares (3,000 units at $4.55), increasing direct ownership by 48% to 9,306 units (SEC Form 4)

      4 - INTERLINK ELECTRONICS INC (0000828146) (Issuer)

      8/23/24 4:06:51 PM ET
      $LINK
      Computer peripheral equipment
      Technology

    $LINK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by Interlink Electronics Inc. (Amendment)

      SC 13D/A - INTERLINK ELECTRONICS INC (0000828146) (Subject)

      10/13/23 3:53:35 PM ET
      $LINK
      Computer peripheral equipment
      Technology
    • SEC Form SC 13D/A filed by Interlink Electronics Inc. (Amendment)

      SC 13D/A - INTERLINK ELECTRONICS INC (0000828146) (Subject)

      2/2/23 4:43:05 PM ET
      $LINK
      Computer peripheral equipment
      Technology