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Monday, Jun 5, 2023

Interlink Posts Quarterly Loss

Interlink Electronics, Inc. reported a third straight quarter of net loss for the fiscal year in filings made with the U.S. Securities and Exchange Commission. The Camarillo-based manufacturer had a net loss of $1.9 million, or a $0.14 loss per diluted share, on revenues of $9 million for the quarter ending Sept. 30. The loss is a decrease from the net loss of $2.7 million, or a $0.20 loss per diluted share, on revenues of $10.2 million the company reported for the same quarter in 2005. Interlink reported a net loss of $2.6 million for the first quarter ending March 30 and a net loss of $3.6 million for the quarter ending June 30. The company’s financial performance reflected a restructuring of its original equipment manufacturer remote business and that revenues for that business will drop again in the fourth quarter, said Chairman, CEO and President E. Michael Thoben. “However, we expect revenues from our higher margin business segments to become a larger percentage of our overall revenues and offset this decline,” Thoben said. Interlink designs and manufactures products in three business segments business communications including remote controls used for PowerPoint presentations and other projectors; home entertainment including remote control technology used in interactive television applications; and e-transactions, technology that allows companies to capture signatures and other data electronically. The company also has a specialty products division which designs technology for cell phones, PDAs and other applications. In October, Interlink was recognized by Deloitte & Touche USA as one of the fastest growing technology companies in Southern California, based on the percentage of revenue growth from 2001 to 2005.

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