Interlink Electronics Q1 revenue up 65% to $3.3M; net loss of $191K vs profit last year

INTERLINK ELECTRONICS INC

2023-Q1 EPS reported -$0.04 revenue$3,278,000

Revenue of $3.3M (+65% YoY) driven by gas-sensor acquisitions and medical market growth.
Gross margin fell to 48.4% from 62.3% on higher component costs and product mix changes.
Operating loss of $173K vs income of $18K; net loss of $191K vs profit of $142K in prior year.
Diluted EPS loss of $0.04 vs EPS of $0.01 in Q1 2022.
Cash & equivalents of $6.7M; CEO notes annual revenue run rate over $14M.

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 0.97

INTERLINK ELECTRONICS INC reported the quarter ended March 31, 2023 results: revenue approximately $3.3 million, net income loss of $191,000.

Period: the quarter ended March 31, 2023
Revenue: approximately $3.3 million
Net income: loss of $191,000
Result: reported results

Exact text from the filing

membrane keypads and other cutting-edge technologies, today announced its financial results for the three months ended March 31, 2023. 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

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Source: SEC EDGAR

accession 0001104659-23-059232

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