10-K - Interlink Electronics, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Interlink Electronics reported FY 2025 revenue of $11.9M, a 1.8% increase from $11.7M in FY 2024. The company generated a gross profit of $4.6M (38.9% margin), down from $4.8M (41.5% margin) in the prior year, primarily due to product mix changes and currency impacts. Net loss improved to -$1.6M from -$2.0M in FY 2024, reflecting reduced operating expenses. Key performance drivers included strong growth in industrial (+52.3%) and automotive markets, offset by declines in medical (-7.6%) and standard product sales (-24.0%). The company ended the year with $2.7M in cash, $11.7M in total assets, and no debt, while maintaining a focus on higher-margin custom solutions and strategic acquisitions.

Key Takeaways

1Revenue increased 1.8% to $11.9M, driven by 52.3% growth in industrial markets

2Net loss improved to -$1.6M from -$2.0M in prior year

3Gross margin declined to 38.9% from 41.5% due to product mix changes

4Cash position of $2.7M with no debt and working capital of $4.6M

5Top two customers accounted for 27% of total revenue (18% and 9%)

Key Financial Metrics

EPS

-$0.13

-$0.16 prior year

Revenue

$11.9M

+1.8%

Net Income

-$1.6M

-18.6%

Gross Margin

38.9%

41.5% prior year

Gross Profit

$4.6M

-4.5%

Operating Income

-$1.8M

-10.8%

operating margin

-15.4%

Business Segments

MedicalDecreased due to lower shipments of traditional force-sensing products

$3.6M-7.6% YoY

IndustrialIncreased due to higher customer demand and production levels

$4.0M+52.3% YoY

AutomotiveNew products and programs supporting innovation and automation

$0.4M+100.0% YoY

Standard ProductsDecreased across various distribution networks

$3.9M-24.0% YoY