Interlink Electronics Q3 revenue falls 17% to $1.85M; operating loss of $190K

INTERLINK ELECTRONICS INC

2022-Q3 EPS reported -$0.01 revenue$5,882,000

Revenue declined 17% YoY to $1.851M, driven by lower industrial and consumer shipments, partly offset by higher medical demand.
Gross margin contracted to 47.1% from 58.1% due to chip shortage, higher materials costs, and mix changes.
Operating loss of $190K vs. income of $259K in prior year; net income of $6K benefited from $181K gains on marketable securities.
Net loss applicable to common stockholders was $94K, with diluted EPS loss of $0.01.
Cash and equivalents of $3.9M and $6.6M in marketable securities at quarter end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTERLINK ELECTRONICS INC reported three and nine months ended September 30, 2022 results: revenue $ 1,851, net income $ 6, EPS $ (0.01 ).

Period: three and nine months ended September 30, 2022
Revenue: $ 1,851
Net income: $ 6
EPS: $ (0.01 )
Result: reported results

Exact text from the filing

per share data and percentages) Three months ended September 30, Nine months ended September 30, Consolidated Financial Results 2022 2021 $ ∆ % ∆ 2022 2021 $ ∆ % ∆ Revenue $ 1,851 $ 2,223 $ (372 ) (16.7 )% $ 5,882 $ 5,855 $ 27 0.5 % Gross profit $ 872 $ 1,292 $ (420 ) (32.5 )% $ 3,065 $ 3,293 $ (228 ) (6.9 )% Gross margin 47.1 % 58.1 % 52.1 % 56.2 % Income

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Source: SEC EDGAR

accession 0001104659-22-117111

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