L
INTERLINK ELECTRONICS INC
LINKCIK 0000828146NasdaqNon-AcceleratedSmaller ReportingComputer Peripheral Equipment, NecNevadaFY ends Dec 31
Period
FY 2025
Revenue
$11.89M
Net Income
$-1.61M
Total Assets
$11.74M
Equity
$9.22M
Shares Out
15.75M
Op. Cash Flow
$-112.0K
Business
Interlink Electronics, Inc. provides sensors and printed electronics for human‑machine interface (HMI) devices and Internet‑of‑Things (IoT) solutions. It offers force and piezoelectric sensors, membrane keypads, printed electronics and industrial labels, functional e‑textiles and wearable technologies, electrochemical gas sensors, instruments, modules and custom integrated solutions. Its business is organized around force/touch HMI platforms and gas/environmental sensing operations, with standard product lines and bespoke engineering and manufacturing services. The company sells globally across industrial, medical, automotive, consumer, wearables and IoT markets via direct sales, distributors and regional manufacturing and logistics centers.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 14 | 7 | 7 | |
| Cost of revenue | 7 | 7 | 7 | 4 | 3 | |
| Gross profit | 5 | 5 | 7 | 4 | 4 | |
| Engineering, research and development | 2 | 2 | 2 | 1 | 893,000 | |
| Selling, general and administrative | 5 | 5 | 5 | 3 | 3 | |
| Total operating expenses | 6 | 7 | 7 | 5 | 4 | |
| Loss from operations | −2 | −2 | −439,000 | −668,000 | −79,000 | |
| Other income (expense), net | 23,000 | 93,000 | 164,000 | 3 | −50,000 | |
| Loss before income taxes | −2 | −2 | −275,000 | 2 | −129,000 | |
| Income tax expense (benefit) | −191,000 | 27,000 | 108,000 | 271,000 | 605,000 | |
| Net loss | −2 | −2 | −383,000 | 2 | −734,000 | |
| Net loss applicable to common stockholders | −2 | −2 | −783,000 | 1 | −782,000 | |
| Earnings (loss) per common share, basic | −0.13 | −0.16 | −0.08 | 0.13 | −0.12 | |
| Earnings (loss) per common share, diluted | −0.13 | −0.16 | −0.08 | 0.13 | −0.12 | |
| Weighted average common shares outstanding - basic | 15 | 15 | 10 | 10 | 7 | |
| Weighted average common shares outstanding - diluted | 15 | 15 | 10 | 10 | 7 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 3 | 4 | 10 | 11 | |
| Accounts receivable, net | 2 | 2 | 2 | 1 | 1 | |
| Inventories | 2 | 2 | 2 | 2 | 814,000 | |
| Prepaid expenses and other current assets | 236,000 | 328,000 | 381,000 | 321,000 | 391,000 | |
| Total current assets | 6 | 7 | 9 | 14 | 13 | |
| Property, plant and equipment, net | 474,000 | 411,000 | 313,000 | 184,000 | 338,000 | |
| Intangible assets, net | 1 | 2 | — | — | — | |
| Goodwill | 3 | 3 | 2 | 650,000 | — | |
| Right-of-use assets | 760,000 | 1 | 143,000 | 172,000 | 163,000 | |
| Deferred tax assets | 202,000 | 82,000 | 83,000 | 134,000 | 8,000 | |
| Other assets | 80,000 | 128,000 | 80,000 | 65,000 | 72,000 | |
| Total assets | 12 | 13 | 15 | 15 | 14 | |
| Accounts payable | 985,000 | 573,000 | 464,000 | 273,000 | 338,000 | |
| Accrued liabilities | 330,000 | 377,000 | 492,000 | 568,000 | 507,000 | |
| Lease liabilities, current | 324,000 | 352,000 | 126,000 | 131,000 | 138,000 | |
| Accrued income taxes | 24,000 | 88,000 | 293,000 | 117,000 | 54,000 | |
| Total current liabilities | 2 | 1 | 1 | 1 | 1 | |
| Lease liabilities, long term | 493,000 | 777,000 | 33,000 | 46,000 | 37,000 | |
| Deferred tax liabilities | 361,000 | 456,000 | 626,000 | — | — | |
| Total long-term liabilities | 854,000 | 1 | 659,000 | 46,000 | 37,000 | |
| Total liabilities | 3 | 3 | 2 | 1 | 1 | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred stock, $0.01 par value: 1,000 shares authorized, 0 and 200 shares of Series A Convertible Preferred Stock issued and outstanding at December 31, 2025 and 2024 | — | 2,000 | 2,000 | 2,000 | 2,000 | |
| Common stock, $0.001 par value: 30,000 shares authorized, 15,750 and 14,796 shares issued and outstanding at December 31, 2025 and 2024, respectively | 16,000 | 15,000 | 10,000 | 10,000 | 7,000 | |
| Additional paid-in-capital | 63 | 62 | 62 | 63 | 63 | |
| Accumulated other comprehensive income | 406,000 | 15,000 | 200,000 | −98,000 | 96,000 | |
| Accumulated deficit | −54 | −52 | −49 | −49 | −50 | |
| Total stockholders' equity | 9 | 10 | 13 | 14 | 13 | |
| Total liabilities and stockholders' equity | 12 | 13 | 15 | 15 | 14 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −2 | −2 | −383,000 | 2 | −734,000 | |
| Depreciation and amortization | 907,000 | 892,000 | 863,000 | 248,000 | 281,000 | |
| Stock-based compensation expense | 43,000 | 34,000 | 15,000 | 15,000 | 20,000 | |
| Adjustment to reconcile operating lease expense to cash paid | −7,000 | 48,000 | 11,000 | −7,000 | −15,000 | |
| Deferred income taxes | −424,000 | −165,000 | −83,000 | −131,000 | 519,000 | |
| Accounts receivable | 131,000 | 538,000 | −291,000 | 216,000 | 33,000 | |
| Inventories | 260,000 | 465,000 | 284,000 | −286,000 | 66,000 | |
| Prepaid expenses and other assets | 143,000 | 5,000 | −170,000 | 128,000 | −7,000 | |
| Accounts payable | 430,000 | 47,000 | 87,000 | −209,000 | 88,000 | |
| Accrued liabilities | −93,000 | −44,000 | −184,000 | −179,000 | 150,000 | |
| Accrued income taxes | 113,000 | −203,000 | −265,000 | 67,000 | 2,000 | |
| Net cash (used in) operating activities | −112,000 | −367,000 | −116,000 | −915,000 | 231,000 | |
| Purchases of property, plant and equipment | −56,000 | −177,000 | −123,000 | −42,000 | −159,000 | |
| Acquisition of Conductive Transfers and Global Print Solutions | — | −314,000 | — | — | — | |
| Net cash (used in) investing activities | −56,000 | −491,000 | −5 | 735,000 | −159,000 | |
| Payment of dividends on preferred stock | −333,000 | −400,000 | −400,000 | −400,000 | −48,000 | |
| Proceeds from issuance of common stock (net of offering costs of $86) | 242,000 | — | — | 50,000 | — | |
| Net cash (used in) financing activities | −91,000 | −400,000 | −750,000 | −350,000 | 5 | |
| Effect of exchange rate changes on cash | 33,000 | −96,000 | −36,000 | −161,000 | 65,000 | |
| Net (decrease) in cash and cash equivalents | −226,000 | −1 | −6 | −691,000 | 5 | |
| Income taxes paid | 126,000 | 384,000 | 487,000 | 272,000 | 138,000 | |
| Interest paid | 0 | 0 | 0 | 0 | 0 | |
| Lease liabilities arising from obtaining right-of-use assets | 31,000 | 1 | 55,000 | 178,000 | 50,000 |
Filings
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