News Column

Interlink Electronics, Inc. Announces Results for Second Quarter and Six Months Ending June 30, 2014

August 27, 2014



By a News Reporter-Staff News Editor at Electronics Newsweekly -- Interlink Electronics, Inc. (OTC: LINK), a global leader in human-machine interface and sensor technologies, announced their unaudited results for the second quarter, which includes the three and six months ended June 30, 2014. Second Quarter Results 2014 vs. 2013 Revenue increased 40.3% to $2,680,000 from $1,910,000;

Gross margin was 47.9% compared to 46.2%;

Total operating expenses were 32.8% of revenues compared to 46.5%;

Operating income was $405,000 compared to operating loss of ($6,000);

Income from continuing operations, net of tax, was $414,000 or $0.14 per basic and diluted share compared to loss from continuing operations of ($10,000) or ($0.01) per basic and diluted share;(1) and

Net income was $423,000 or $0.14 per basic and diluted share compared to net loss of ($1,000) or ($0.00) per basic and diluted share.(1) Results for Six Months Ended June 30, 2014 vs. 2013 Revenues increased 17.6% to $4,393,000 from $3,736,000;

Gross margin was 46.4% compared to 47.7%;

Total operating expenses were 40.1% of revenues compared to 46.1%;

Operating income was $277,000 compared to operating income of $60,000;

Income from continuing operations, net of tax, was $276,000 or $0.09 per basic and diluted share, compared to income from continuing operations, net of tax, of $52,000 or $0.02 per basic and diluted share;(1) and

Net income of $293,000 or $0.10 per basic and diluted share compared to net income of $69,000 or $0.02 per basic and diluted share.(1) Second Quarter Results 2014 vs. First Quarter Results 2014 Revenue increased 56.5% to $2,680,000 from $1,713,000;

Gross margin was 47.9% compared to 44.1%;

Total operating expenses were 32.8% of revenues compared to 51.6%;

Operating income was $405,000 compared to operating loss of ($128,000);

Income from continuing operations, net of tax, was $414,000 or $0.14 per basic and diluted share compared to loss from continuing operations of ($138,000) or ($0.05) per basic and diluted share;(1) and

Net income was $423,000 or $0.14 per basic and diluted share compared to net loss of ($130,000) or ($0.04) per basic and diluted share.(1) This represents a $553,000 increase.

At June 30, 2014, Interlink Electronics had no debt and its non-GAAP stockholders' equity was $3,591,000 or $1.23 per share, which consisted of $1,127,000 or $0.39 per share in non-GAAP cash per share.(1) "Interlink has demonstrated dramatic year-over-year improvements in revenue growth, operating expense reduction, and net income profitability on both a quarterly and a six-month basis. Additionally we have demonstrated significant quarter-over-quarter improvements with Q2/2014 posting a revenue growth of 57% and earnings growth of $553,000 as compared to the Q1/2014 results," stated Howard D. Goldberg, Ph.D., President and COO of Interlink Electronics. Dr. Goldberg continued, "This is directly attributable to our strategic growth plan and global expansion efforts that were launched in 2013.

Keywords for this news article include: Interlink Electronics Inc.

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Source: Electronics Newsweekly


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