Interlink Electronics, Inc. - LINK STOCK NEWS

Interlink Electronics (NASDAQ: LINK) will present at the Ladenburg Thalmann Technology Expo 2023 on April 27th at 2pm ET in New York. CEO Steven Bronson will discuss recent acquisitions in the gas sensor and membrane switch sectors, alongside strategic initiatives for growth.

Recent acquisitions include SPEC Sensors and KWJ Engineering for gas-sensing technology, and Calman Technology Limited for membrane switches. The company is known for its Force Sensing Resistor® technology and has a strong presence in markets like medical, automotive, consumer electronics, and industrial control.

Interlink operates from Irvine, California, with additional facilities in Camarillo and Silicon Valley.

Interlink Electronics, Inc. (NASDAQ: LINK) reported its financial results for Q4 and FY 2022, highlighting a net income of $1.4 million in Q4 and $1.7 million for the year, aided by a $2.4 million gain from an investment. Revenue in Q4 decreased 0.7% year-over-year to $1.6 million, while annual revenue was relatively flat at $7.5 million. Despite a decrease in gross profit by 4.9% for the year, the gross margin improved to 49.4% in Q4. Interlink ended 2022 with $10.1 million in cash post-acquisition of SPEC Sensors and KWJ Engineering for $2.3 million, and Calman Technology for $4.4 million, positioning for growth in 2023.

Interlink Electronics (Nasdaq: LINK) has appointed Professor Graham Wren as a director of its UK subsidiary, adding to his role as a strategic technical adviser since 2021. Wren, based in Glasgow, Scotland, has led diverse projects and raised over $2 billion through industry-focused research centers. Interlink aims to expand its technological capabilities following recent acquisitions of SPEC Sensors and KWJ Engineering in December 2022, and Calman Technology in March 2023. These acquisitions enhance their product portfolio, especially in gas sensing technology and membrane switches, positioning Interlink for new opportunities in various markets.

Interlink Electronics, Inc. (Nasdaq: LINK) has acquired Calman Technology Limited for approximately $5.0 million. Based in Glasgow, Scotland, Calman specializes in membrane keypads and printed electronics, boasting a reported $3.1 million in revenue for the 12 months ending September 30, 2022. This acquisition is part of Interlink's strategy to enhance its sensor portfolio, increasing its estimated annual revenue run rate to $14 million from $7.5 million in 2022. The CEO emphasized the strategic importance of this move for expanding capabilities in Europe and enhancing product offerings.

Interlink Electronics (NASDAQ: LINK) reported a $2.45 million gain from a $6 million passive investment in public equity securities, yielding over 40%. This profit offsets a preliminary operating loss of $700,000 on revenue of approximately $7.5 million for the fiscal year ending December 31, 2022. The company plans to invest in executive talent and acquisitions, including KWJ Engineering and SPEC Sensors, to enhance growth and profitability. CEO Steven N. Bronson highlighted that these investments are crucial to the company's strategic goals.

Interlink Electronics, Inc. (Nasdaq: LINK) has acquired SPEC Sensors and KWJ Engineering for approximately $2 million. This strategic acquisition aims to enhance Interlink's sensor capabilities and broaden its product offerings. SPEC/KWJ, with a revenue of over $4 million for the trailing twelve months, brings valuable intellectual property and engineering talent to the company. Chairman and CEO Steven N. Bronson emphasized the acquisition's significance in advancing Interlink's resources and establishing a stronger presence in Silicon Valley.

Interlink Electronics reported Q3 2022 financial results showing a revenue decline of 16.7% year-over-year, totaling $1,851 thousand, while year-to-date revenue increased by 1% to $5,882 thousand. The gross profit fell by 32.5% in Q3, resulting in a gross margin drop to 47.1%. Q3 net income was $6 thousand, down from $223 thousand a year prior. Loss from operations was $190 thousand versus a gain of $259 thousand in Q3 2021. The company has increased investments in executive talent, positioning for long-term growth despite short-term earnings impacts.

Interlink Electronics (Nasdaq: LINK) announced the appointment of Peter Roussak as Vice President and General Counsel on September 19, 2022. Roussak brings over 40 years of legal and financial experience, having served as general counsel for various firms, including a merchant banking company in Latin America. His role will involve overseeing legal matters and supporting mergers, acquisitions, and strategic partnerships, which are crucial for the company's growth. CEO Steven Bronson expressed confidence that Roussak's expertise will enhance Interlink's management team and contribute to driving shareholder value.

Interlink Electronics reported Q2 2022 revenue of $2.0 million, a 1% decrease from Q2 2021, but an 11% increase year-to-date to $4.0 million. The gross profit fell 15.5% to $952K, with a gross margin of 46.7%. Operating loss reached $151K, contrasting with a profit of $133K last year. Despite this, net income rose to $112K, boosted by unrealized gains of $225K on marketable securities. The company maintains a cash position of $4.4 million and expresses confidence in revenue growth for 2022, driven by demand in industrial and medical sectors.