Interlink Electrs Inc - LINK STOCK NEWS

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.

Interlink Electronics (NASDAQ: LINK) announces significant advancements in its technology applications. Key updates include the successful integration of FSR technology in automotive solutions, collaboration on a second-generation sensor for medical equipment, and the development of sensors for an infusion medical device. Notably, the company secured over $400,000 in mass production orders for VR hardware, with shipments expected soon. CEO Steven N. Bronson stated that these milestones underscore the firm's growth momentum and indicated plans for launching a new Piezoelectric sensor line in Q4 2022.

Interlink Electronics, Inc. (NASDAQ: LINK) announced that CEO Steven N. Bronson will present at the 12th Annual LD Micro Invitational Conference on June 8, 2022, at 12:00 PM PT. The event will take place at the Four Seasons Hotel in Westlake Village, CA, where Bronson will also meet with investors. Interested parties can register to view the presentation online. Interlink Electronics is recognized as a leading technology partner in printed electronics and sensor technology, focusing on expanding into new markets and diversifying its product line.

Interlink Electronics reported a strong financial performance for Q1 2022, with revenue reaching $2.0 million, marking a 27% increase year-over-year and a 23% increase from the previous quarter. Gross margin improved to 62.3%, up from 55.7% in the same period last year, driven by sales volume and production efficiencies. The company achieved a net income of $142,000, a significant recovery from a loss of $43,000 a year ago. Interlink continues to enhance its market presence, specifically in the medical sector, while managing increased operating expenses.

Interlink Electronics (NASDAQ: LINK) reported a 9% increase in annual revenue to $7.5 million for 2021, with Q4 revenue at $1.6 million, down 17% year-over-year. The year-end gross profit rose to $4.1 million, reflecting a 4% increase. However, net loss in Q4 was $977,000, equating to a loss per share of $0.16. The company raised $5 million from a preferred stock offering, aimed at working capital and potential acquisitions. Despite challenges, Interlink expresses optimism for 2022, forecasting quarterly revenue over $2 million.

Interlink Electronics (NASDAQ: LINK) announced that CEO Steven N. Bronson will present at the 2022 Virtual Growth Conference from March 28-30, 2022, hosted by Maxim Group LLC and M-Vest. The event will feature various sectors, including Biotech, Clean Energy, and Technology. Attendees can participate in live presentations, Q&A sessions, and discussions with industry leaders. To access the conference, individuals must sign up for M-Vest membership. Interlink, a leader in printed electronics and sensor technology, continues to innovate and expand its market presence.

Interlink Electronics (NASDAQ: LINK) announced its participation in the Alliance Global Partners Virtual Emerging Growth Technology Conference on February 2, 2022. CEO Steven N. Bronson will engage in one-on-one meetings to discuss the company's growth strategy and market expansion plans. Interlink Electronics is recognized for its innovative sensing and HMI solutions. The company is actively investing in R&D and pursuing acquisitions across several sectors, including Sensors and Test & Measurement.