Thursday, March 27, 2014 10:56:49 AM
Fourth Quarter 2013 vs. 2012
Revenue increased 35.1% to $2,013,000 from $1,490,000;
Gross margin was 37.8%, compared to 43.8%;
Total operating expenses were 38.8% of revenues, compared to 65%;
Operating loss was ($21,000), compared to ($322,000);
Income from continuing operations, net of tax, was $33,000 or $0.04 per basic and diluted share, compared to a loss from continuing operations, net of tax, of ($324,000) or ($0.44) per basic and diluted share; and
Net income increased to $41,000 or $0.06 per basic and diluted share, from a net loss of ($316,000) or ($0.43) per basic and diluted share.
Year Ended December 31, 2013 vs. 2012
Revenue increased 17.7% to $7,551,000 from $6,413,000;
Gross margin was 42.3%, compared to 49.5%;
Total operating expenses were 43.1% of revenues, compared to 50.6%;
Operating loss decreased to ($64,000) from an operating loss of ($73,000);
Loss from continuing operations, net of tax, was ($22,000) or ($0.03) per basic and diluted share, compared to income from continuing operations, net of tax, of $102,000 or $0.14 per basic and diluted share(1); and
Net income decreased to $12,000 or $0.02 per basic and diluted share, from net income of $136,000 or $0.19 per basic and diluted share (1).
Interlink has no debt and its stockholders' equity at December 31, 2013 was $3,326,000. Non-GAAP stockholders' equity per share was $4.54 per share, which consists of $2.03 in Non-GAAP cash per share.
"The global Interlink Electronics organization continues to demonstrate improvements in the business fundamentals, specifically the year-over-year revenues and total operating expenses as a function of revenue. This repeated trend further validates our strategic initiatives and business plan," stated Howard D. Goldberg, Ph.D., President and COO of Interlink Electronics. Dr. Goldberg continued, "This positive result for FY2013 sets the stage for further business growth in FY2014. We also believe that this momentum will be further accelerated by the recent strategic investments that we have made in our global R&D center in Singapore and the recruitment of a seasoned VP of Global Sales to be based in the United Kingdom starting in May."
Read more at http://www.broadwayworld.com/bwwgeeks/article/Interlink-Electronics-Inc-Announces-2013-Year-End-Financial-Results-20140327#PqcpkQZ8o8Tl6PMh.99
Recent LINK News
- Interlink Electronics Reports Fourth Quarter and Fiscal Year 2023 Results • PR Newswire (US) • 03/21/2024 01:00:00 PM
- Interlink Electronics Announces 50% Common Stock Dividend • PR Newswire (US) • 03/01/2024 02:00:00 PM
- Interlink Electronics, Inc. Presenting and Exhibiting at LOPEC 2024 - the world's leading exhibition and conference for flexible, organic, and printed electronics • PR Newswire (US) • 02/29/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:00:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:01:13 PM
- Interlink Electronics Reports Third Quarter 2023 Results • PR Newswire (US) • 11/09/2023 02:00:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/13/2023 07:53:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/13/2023 07:45:36 PM
- Interlink Electronics, Inc. to Present at Maxim Group LLC Virtual Tech Conference Series: Exploring All Corners of the Tech Sector • PR Newswire (US) • 10/09/2023 06:29:00 PM
- INTERLINK ELECTRONICS, INC. ANNOUNCES $400,000 SBIR AWARD FROM NIST FOR RESEARCH INTO HIGH-VOLUME PRINTED SENSOR MANUFACTURING TECHNIQUES • PR Newswire (US) • 10/03/2023 01:00:00 PM
- Interlink Electronics, Inc. to Present at LD Micro Main Event XVI • PR Newswire (US) • 09/28/2023 01:00:00 PM
- INTERLINK ELECTRONICS, INC. ANNOUNCES $175,000 SBIR R&D AWARD FROM NOAA FOR DEVELOPMENT OF ADVANCED WILDFIRE SMOKE SENSORS • PR Newswire (US) • 09/06/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/10/2023 08:07:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:05:14 PM
- Interlink Electronics Reports Second Quarter 2023 Results • PR Newswire (US) • 08/10/2023 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2023 08:01:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2023 08:00:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2023 08:00:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 04:12:55 PM
- Interlink Electronics, Inc. Announces Expansion of its Electrochemical Gas Sensors Family with Solutions for Hydrogen, Ammonia and NOX Gases at Sensors Converge Conference in Santa Clara, CA on June 21 and 22 • PR Newswire (US) • 06/21/2023 01:48:00 PM
- Interlink Electronics, Inc. Launches Piezoelectric and Matrix Sensor Solutions at Sensors Converge Conference in Santa Clara, CA on June 21 and 22 • PR Newswire (US) • 06/21/2023 01:00:00 PM
- Interlink Electronics, Inc. to Exhibit at Sensors Converge Conference in Santa Clara, CA on June 21 & 22 • PR Newswire (US) • 06/19/2023 01:00:00 PM
- Interlink Electronics, Inc. to Present at LD Micro Invitational XIII • PR Newswire (US) • 06/01/2023 01:00:00 PM
- Interlink Electronics Announces Stock Buyback Program for up to 100,000 Shares • PR Newswire (US) • 05/17/2023 01:00:00 PM
- Interlink Electronics Reports First Quarter 2023 Results • PR Newswire (US) • 05/11/2023 01:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM