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Tuesday, Jan 31, 2023
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Net Loss Widens for Interlink in Q2

Interlink Electronic Inc. expects to see continued cost savings now that its manufacturing operations have been consolidated in China. Moving its manufacturing along with other cost cutting have reduced the company’s cash requirements and put the Camarillo-based developer and manufacturer of electronic signature and e-notarization products into a better position for growth, company officials said. For the second quarter, Interlink reported a net loss of $1.3 million, or $0.09 per diluted share, on revenues of $3.6 million. For the same period a year ago, the company reported a net loss of $522,000, or $0.04 per diluted share, on revenues of $6.7 million. For the six month period, Interlink had a net loss of $4.8 million, or $0.35 per diluted share, on revenues of $6.8 million. For the same period in 2008, the company reported a net loss of $2.6 million, or $0.19 per diluted share, on revenues of $12.5 million. “We continued to see the effects of the economy on eTransactions revenues,” said CEO Kevin Wiley. “Yet our overall revenues increased sequentially from the first quarter of the year because of significant growth in our Specialty Components business segment, which should continue over the next few quarters.” Mark R. Madler

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