Interlink Electronics Q2 revenue down 28% to $2.9M; net loss of $307K vs prior-year profit

INTERLINK ELECTRONICS INC

2024-Q2 EPS reported -$0.13 vs consensus -$0.07 ▼ miss (-91.2%)

Revenue $2.9M, down 28% YoY due to lower force-sensor and gas-sensor shipments; membrane keypad sales partially offset.
Gross margin 45.0% (down from 50.9%) on product mix shift; net loss $(307K) vs income $381K in prior year.
Adjusted EBITDA loss $(80K) vs positive $579K in Q2 2023.
Cost reduction initiatives expected to save >$500K annually; headcount reduction and supplier changes.
Cash $4.0M; expanding operations with new R&D center in Fremont (Q4 2024) and planned European sales office.

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