Interlink Electronics, Inc. Announces Fourth Quarter And Year End 2012 Results

Interlink Electronics, Inc. (OTC: LINK), a global leader in sensor technology, today announced their unaudited results for the fourth quarter and audited results for the year ended December 31, 2012.

Fourth Quarter 2012 vs. 2011
  • Revenue increased 31.4% to $1,490,000 from $1,134,000;
  • Gross margin was 43.8%, compared to 39.7%;
  • Selling, General and Administrative (S, G & A) expenses was 48% of revenue compared to 35%;
  • Operating loss was ($322,000) compared to ($289,000);
  • Loss from continuing operations, net of tax, was ($324,000) or ($0.44) per basic and diluted share, compared to a loss from continuing operations, net of tax, of ($169,000) or ($.23) per basic and diluted share, and,
  • Net loss increased to ($316,000) or ($0.43) per basic and diluted share, from a net loss of ($161,000) or ($.22) per basic and diluted share.

Year Ended December 31, 2012 vs. 2011
  • Revenue increased 28.5% to $6,413,000 from $4,992,000;
  • Gross margin was 49.5%, compared to 41.9%;
  • Selling, General and Administrative (S, G & A) expenses as a percentage of revenue were 35%, compared to 41%;
  • Operating loss decreased to ($73,000) from an operating loss of ($1,287,000);
  • Income from continuing operations, net of tax, was $102,000 or $0.14 per basic and diluted share (1), compared to a loss from continuing operations, net of tax, of ($1,644,000) or ($2.28) per basic and diluted share (2), and,
  • Net income increased to $136,000 or $0.19 per basic and diluted share (1), from a net loss of ($1,610,000) or ($2.23) per basic and diluted share (2).

Interlink has no debt and its stockholders’ equity at December 31, 2012 was $3,271,000. Non-GAAP stockholders’ equity per share was$4.46 per share, which consists of $2.87 in Non-GAAP cash per share.