Interlink Q1 revenue down 5% to $3.1M; net loss widens to $741K

INTERLINK ELECTRONICS INC

2024-Q1 EPS reported -$0.09 revenue$3,124,000

Revenue $3.12M, down 5% YoY from $3.28M due to lower force-sensor and gas-sensor shipments.
Gross margin fell to 40.1% from 48.4% on product mix shift.
Net loss of $741k ($0.09 diluted EPS) compared to loss of $191k ($0.03) in prior year.
Cash $4.4M at quarter end; CEO sees no significant rebound from large force-sensor customers in 2024.

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 0.99

INTERLINK ELECTRONICS INC reported three months ended March 31, 2024 results: net income $(741).

Period: three months ended March 31, 2024
Net income: $(741)
Result: reported results

Exact text from the filing

Financial Highlights (Amounts in thousands except per share data and percentages) Three months ended March 31, Consolidated Financial Results 2024 2023 $ ∆ % ∆ Revenue $ 3,124 $ 3,278 $ (154 ) (4.7 )% Gross profit $ 1,253 $ 1,587 $ (334 ) (21.0 )% Gross margin 40.1 % 48.4 % Income (loss) from operations $ (751 ) $ (173 ) $ (578 ) Net income (loss) $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

INTERLINK ELECTRONICS INC reported three months ended March 31, 2024 results: net income $(741).

Period: three months ended March 31, 2024
Net income: $(741)
Result: reported results

Exact text from the filing

Net income/loss was a loss of $741,000 for the quarter compared with loss of $191,000 for the same quarter last year.

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Source: SEC EDGAR

accession 0001104659-24-059358

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