Interlink Electronics, Inc. - LINK STOCK NEWS

Interlink Electronics, Inc. (Nasdaq: LINK), a leading provider of sensors and printed electronic solutions, is set to present at the 2024 Annual Gateway Conference in San Francisco. The company's management team will deliver a presentation on September 4th at 12:00pm PT, which will be webcast live and available for replay. This event offers Interlink an opportunity to showcase its expertise in Human-Machine Interface devices and Internet-of-Things solutions.

In addition to the presentation, Interlink executives will be available for one-on-one meetings throughout the conference, providing investors with direct access to company leadership. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com. This participation underscores Interlink's commitment to investor relations and market visibility.

Interlink Electronics (Nasdaq: LINK) announced a 28% drop in Q2 2024 revenue to $2.9 million, largely due to lower shipments of traditional force-sensor and gas-sensor products. Revenue for the first half of 2024 decreased 18% to $6.0 million compared to H1 2023. Gross margin fell to 45.0% from 50.9% in Q2 2023, influenced by product mix changes. Net income/loss shifted to a loss of $307,000 compared to a net income of $381,000 in Q2 2023. Adjusted EBITDA dropped to ($80,000) from $579,000 in Q2 2023. Cost reduction initiatives aim for annual savings over $500,000 through workforce right-sizing and supplier changes. The company is expanding its operations, launching a new R&D center in Silicon Valley and planning a European sales office. Despite a slowdown in demand, the CEO emphasized ongoing strategic growth initiatives.

Interlink Electronics (NASDAQ: LINK) has announced the launch of new electrochemical gas sensors aimed at Outdoor Air Quality (OAQ) monitoring. These sensors, targeting key gases such as Nitrogen Dioxide, Carbon Monoxide, Sulphur Dioxide, and Ozone, will be showcased at the Sensors Converge Conference in Santa Clara on June 25-26. Designed to address air quality issues caused by wildfires, these sensors are noted for their ultra-low power operation, small size, and easy deployability. CEO Steven N. Bronson highlighted that this development is part of an SBIR R&D award from the US NOAA agency and aligns with the company’s commitment to environmental safety.

Interlink Electronics, Inc. (Nasdaq: LINK) reported financial results for Q1 2024, with revenue at $3.1 million, down 5% from the prior year due to lower shipments of traditional force-sensor and gas-sensor products. Gross margin decreased to 40.1% from 48.4% in the prior year. Net loss was $741,000 compared to $191,000 last year. The company is focusing on investments to support future growth.

Message Broadcast, a customer engagement software provider for the electric utility industry, has been acquired by OceanSound Partners and Energy Impact Partners from LINK Mobility. The acquisition aims to boost innovation, increase investment, and enhance customer value. Maulik Datanwala has been appointed as the new CEO to lead the company's growth. Message Broadcast's platform automates communication workflows for utilities, financial services, telecom, and healthcare sectors, catering to 50% of the top 25 U.S. electric utilities.

Interlink Electronics, Inc. (Nasdaq: LINK) reported a 120% revenue increase in the fourth quarter of 2023, reaching $3.5 million, driven by acquisitions and organic growth. EBITDA for the year surged by $845,000 due to revenue growth. The company's gross profit rose by 84% to $1.5 million, with a year-end revenue of $13.9 million, marking an 86% increase over the previous year.

Interlink Electronics, Inc. (Nasdaq: LINK) announced a 50% common stock dividend to be issued on March 22, 2024, affecting all stockholders uniformly. The dividend will not change the percentage interest in the company's equity, except for fractional shares. All convertible securities will be adjusted accordingly. The total outstanding shares will increase to around 9.86 million after the dividend.

Interlink Electronics, Inc. (Nasdaq: LINK) announces its participation in LOPEC 2024, showcasing its 40 years of success in printed electronics. The company highlights its leadership in sensors and printed electronic solutions, emphasizing its continuous innovation and commercialization. Interlink's executives will present new technologies at the event, solidifying its position in the industry.

Interlink Electronics, Inc. (NASDAQ: LINK) announced a 66% increase in revenue to $3.1 million in the third quarter of 2023, driven by acquisitions and organic growth. Gross profit also increased by 67% to $1.5 million. Revenue for the nine-month period was $10.4 million, up 77% from the prior year due to increases in revenue from acquired operations.