Interlink Electronics reports preliminary FY2022 rev $7.5M; investment gain of $2.45M offsets operating loss

INTERLINK ELECTRONICS INC

2022-FY EPS reported $0.19 revenue$7,493,000

Preliminary FY2022 revenue ~$7.5M; operating loss estimated at $700K.
Non-operating gain of ~$2.45M on passive investment of ~$6M (return >40%) more than offset operating loss.
Company invested in executive talent; acquisition of KWJ Engineering and SPEC Sensors closed Dec 2022.
CEO Bronson says gain provides funding for investments and acquisition strategy to accelerate growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERLINK ELECTRONICS INC reported the fiscal year ended December 31, 2022 results: revenue approximately $7.5 million.

Period: the fiscal year ended December 31, 2022
Revenue: approximately $7.5 million
Result: preliminary results

Exact text from the filing

The Company realized a non-operating gain of approximately $2.45 million on a passive investment of approximately $6 million it made earlier in 2022 in public equity securities, for a return of over 40%. This gain more than offset the operating loss preliminarily estimated at $700,000 the Company incurred for the year on revenues of approximately $7.5 million

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INTERLINK ELECTRONICS INC filing history →

Source: SEC EDGAR

accession 0001104659-23-004241

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