Interlink Electronics acquires Calman Technology; audited FY2022 revenue $3.35M, net earnings $1.24M

INTERLINK ELECTRONICS INC

Acquisition closed March 17, 2023; purchase price approx. GB£4.127M, subject to working capital adjustment.
Calman's audited FY2022 (Sep 30): net sales $3.35M, net earnings $1.24M, operating earnings $1.54M.
Calman's unaudited Q1 FY2023 (Dec 31, 2022): net sales $756K, net earnings $187K, down from $902K/$335K.
One major customer represents 61% of FY2022 revenue; total assets $2.80M at Dec 31, 2022.
Pro forma combined financial statements filed for year ended Dec 31, 2022 (Exhibit 99.3).

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