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Interlink Electronics Announces Preliminary Third Quarter 2021 Results
Revenue For the Quarter Increased 44% From the Prior Year Quarter IRVINE, Calif., Oct. 20, 2021 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ: LINK), an
About this update from Interlink Electronics, Inc.
[{"type":"text","content":"Revenue For the Quarter Increased 44% From the Prior Year Quarter\n\n\nIRVINE, Calif., Oct. 20, 2021 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ: LINK), an industry-leading trusted advisor and technology partner in the advancing world of human-machine interface (HMI) and force-sensing technologies, today announced preliminary unaudited financial results for the quarter ended September 30, 2021. Preliminary revenue for the quarter was $2.2 million, up 44% from the prior year period, and sequentially up 8% from the previous quarter. Preliminary gross margin was 58% for the quarter. Preliminary pre-tax income for the quarter was $0.3 million.\n\n \n \n \n \n \n \n\n \nPreliminary ConsolidatedFinancial Results\nThree months ended September 30, \nNine months ended September 30, \n(Dollar amounts in thousands)\n2021\n2020\n$ ∆\n% ∆\n \n2021\n2020\n$ ∆\n% ∆\nPrelim.\nPrelim.\nNet revenue\n$\n2,223\n$\n1,548\n$\n675\n43.6%\n$\n5,855\n$\n4,941\n$\n914\n18.5%\nGross profit\n$\n1,286\n$\n811\n$\n475\n58.6%\n$\n3,287\n$\n2,768\n$\n519\n18.8%\nGross margin\n57.8%\n52.4%\n56.1%\n56.0%\nPre-tax income (loss)\n$\n253\n$\n(120)\n$\n373\n$\n307\n$\n(153)\n$\n460\n\"We are very pleased with our financial performance in the third quarter, and we continue to build on our sales pipeline for next year,\" said Steven N. Bronson, Chairman, President, and CEO of Interlink Electronics. \"We are also actively pursuing acquisition opportunities to accelerate our growth and to diversify our products and customers.\"\nAbout Interlink Electronics, Inc.\nInterlink Electronics is a world-leading trusted provider of HMI, sensor, and IoT solutions. In addition to standard product offerings, Interlink utilizes its expertise in materials science, manufacturing, firmware, and software to produce in-house system solutions for custom applications. For 35 years, Interlink has led the printed electronics industry in the commercialization of its patented Force Sensing Resistor® technology and has supplied some of the world's top electronics manufacturers with intuitive sensor and interface technologies like the VersaPad and the new VersaPad Plus, which boasts the largest active surface area of any resistive touchpad. It also has a proven track record of supplying technological solutions for mission-critical applications in a diverse range of markets—including medi...