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Tuesday, Apr 23, 2024

Leaner Interlink Posts Net Loss in Q4

Scaling back its business to just eTransactions and specialty components segments resulted in a net loss in the fourth quarter for Interlink Electronics Inc. The Camarillo-based developer and manufacturer of interface products switched its focus to those two segments after selling off in August its remote and branded products business segments to the U.S. division of a Tokyo-based company for $11 million. The company forecasts eTransactions and specialty components to bring in between $24 million and $28 million in 2008, said John Buckett, Interlink chairman and interim CEO. For the fourth quarter ending Dec. 31, Interlink reported a net loss of $2.6 million, or a loss of $0.19 per diluted share, on revenues of $6.6 million. For the same period in 2006, the company had a net loss of $3.6 million, or a loss of $0.27 per diluted share, on revenues of $5.4 million. For the full 2007 fiscal year, the net loss was $5.7 million, or $0.41 per diluted share, on revenues of $19.3 million. For the 2006 fiscal year, the company reported a net loss of $11.8 million, or a loss of $0.85 per diluted share, on revenues of $15.6 million.

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