Company Overview - Interlink Electronics, Inc. is a leading provider of sensor and printed electronics solutions with nearly 40 years of experience in delivering mission-critical technologies across diverse markets [4] - The company serves blue-chip customers in various sectors, including industrial, medical, consumer, and automotive, leveraging expertise in materials science, manufacturing, embedded electronics, firmware, and software to create custom solutions [4] Upcoming Event Participation - Interlink will participate in the Planet MicroCap Showcase: VEGAS 2025, scheduled for April 22-24, 2025, at the Paris Hotel & Casino in Las Vegas, Nevada [1] - Chairman, President, and CEO Steven N. Bronson will present on April 23, 2025, and will host one-on-one meetings with investors on April 24, 2025 [1][2] Presentation Highlights - The presentation will cover Interlink's recent operational progress, including the acquisition of UK-based Conductive Transfers Limited and the awarding of two SBIR grants aimed at accelerating product innovation [2] - Bronson will discuss the company's scaling operations, global expansion, and leadership team enhancements to support long-term growth [2] - Interlink's 2025 growth priorities will focus on environmental sensing, printed electronics, and smart textile solutions, with an emphasis on strong revenue momentum and healthy margins [2] Investor Engagement - Participation in the Planet MicroCap Showcase reflects Interlink's commitment to enhancing investor visibility, expanding its shareholder base, and maintaining engagement with the financial community [3]

Revenue Performance - Fourth quarter 2024 revenue was $2.986 million, a decrease of 15.6% from $3.538 million in Q4 2023[7] - Full year 2024 revenue totaled $11.679 million, down 16.2% from $13.940 million in 2023[7] - Net revenue for Q4 2024 was $2,986,000, a decrease of 15.6% compared to $3,538,000 in Q4 2023[27] Profitability Metrics - Gross profit margin for Q4 2024 was 39.6%, compared to 41.0% in Q4 2023, primarily due to lower revenue and a less favorable product mix[9] - Gross profit for the year ended December 31, 2024, was $4,846,000, down 26.0% from $6,559,000 in 2023[27] - Adjusted EBITDA for Q4 2024 was $(233,000), compared to $(1,000) in Q4 2023[11] - Adjusted EBITDA for the year ended December 31, 2024, was $(1,081,000), a significant decline from $447,000 in 2023[30] Net Loss - Net loss for Q4 2024 was $413,000, an improvement from a net loss of $448,000 in Q4 2023[10] - Full year 2024 net loss was $2.0 million, compared to a net loss of $383,000 in 2023, driven by lower revenue and gross profit[13] - The net loss for the year ended December 31, 2024, was $1,984,000, compared to a net loss of $383,000 in 2023[27] Operating Expenses - Total operating expenses for Q4 2024 were $1,693,000, a decrease of 16.7% from $2,032,000 in Q4 2023[27] - Engineering, research and development expenses for Q4 2024 were $480,000, down 14.4% from $561,000 in Q4 2023[27] - Selling, general and administrative expenses for the year ended December 31, 2024, were $4,844,000, an increase of 3.7% from $4,672,000 in 2023[27] Loss from Operations - Loss from operations for Q4 2024 was $(510,000), compared to $(580,000) in Q4 2023[27] Share Performance - The company reported a basic and diluted loss per common share of $(0.05) for Q4 2024, compared to $(0.06) in Q4 2023[27] - Weighted average common shares outstanding for the year ended December 31, 2024, were 9,862,000, slightly down from 9,887,000 in 2023[27] Strategic Initiatives - The company received a $400,000 SBIR Phase II grant from NIST to enhance manufacturing techniques for printed gas sensors, aiming to scale output to over 10 million units annually[6] - The company launched the 110-37x gas sensor family at CES 2025, featuring sensors for detecting natural gas leak compounds[6] - The acquisition of Conductive Transfers Limited expands the company's capabilities in the e-textiles and wearables market[6] - The company designated its Fremont facility as its corporate headquarters, supporting global expansion efforts[5]

Revenue and Profitability - Revenue for 2024 decreased to $11,679,000, a 16.2% decline from $13,940,000 in 2023[182] - Gross profit for 2024 was $4,846,000, representing a gross margin of 41.5%, down from $6,559,000 and 47.1% in 2023[185] - Medical segment revenue fell by 24.6% to $3,926,000, while industrial revenue decreased by 36.5% to $2,631,000[183] - Net loss for 2024 was $1,984,000, compared to a net loss of $383,000 in 2023, reflecting a significant increase in losses[182] Expenses - Engineering, research and development expenses were $2,052,000, a decrease of 11.8% from $2,326,000 in 2023[186] - Selling, general and administrative expenses increased by 3.7% to $4,844,000, attributed to the full-year inclusion of Calman[187] - Other income (expense), net for 2024 was $93,000, down 43.3% from $164,000 in 2023, primarily due to lower interest income[188] Cash Flow and Capital Management - For the year ended December 31, 2024, the company reported a net cash used in operating activities of $367,000, attributed to a net loss of $1,984,000[197] - The company used $491,000 in investing activities in 2024, primarily for acquiring assets of Conductive Transfers ($314,000) and purchasing property and equipment ($177,000)[199] - Net cash used in financing activities for 2024 was $400,000, all of which was for dividends on Preferred Stock[200] - The company expects to maintain its current operations with existing cash and cash equivalents, but may require additional capital if circumstances change[195] - As of December 31, 2024, the company had cash and cash equivalents of $3.0 million and working capital of $5.5 million, with no indebtedness[193] - The company’s cash flows from operating activities showed a significant increase in net cash used, from $116,000 in 2023 to $367,000 in 2024[196] Strategic Initiatives - The company expanded its technology platforms through acquisitions, including Calman and Conductive Transfers, enhancing its product offerings in printed electronics and wearable technology[176] - The company plans to explore strategic relationships with technology institutes to support growth initiatives[180] Balance Sheet Items - Accounts receivable decreased from $2,167,000 at December 31, 2023, to $1,612,000 at December 31, 2024, due to timing of shipments and cash collections[198] - Inventories decreased from $2,476,000 at December 31, 2023, to $2,009,000 at December 31, 2024, primarily due to variability in timing of materials purchases and customer demand[198] - The company had no off-balance sheet arrangements as of December 31, 2024, indicating no exposure to financing, liquidity, market, or credit risk from such relationships[202] Taxation - The effective tax rate for 2024 was impacted by the mix of taxable income across jurisdictions, with no tax benefit on domestic losses due to valuation allowances[191] Dividends - The company has declared and paid cash dividends on its Preferred Stock each month since October 2021, with an annual rate of 8.0%[194]

Core Viewpoint - Interlink Electronics, Inc. reported a decline in revenue and gross profit for the fourth quarter and full year of 2024, attributed to lower shipments of traditional force-sensor products, despite growth in other divisions. The company is focusing on innovation and strategic acquisitions to drive future growth [1][5][12]. Financial Results - Fourth quarter revenue was $2.986 million, down 15.6% from $3.538 million in Q4 2023 [5][8]. - Full year revenue decreased to $11.679 million from $13.940 million, a decline of 16.2% [5][12]. - Gross profit for Q4 2024 was $1.183 million, a decrease of 18.5% from $1.452 million in Q4 2023, with a gross margin of 39.6% compared to 41.0% [5][9]. - Full year gross profit was $4.846 million, down 26.1% from $6.559 million in 2023, with a gross margin of 41.5%, down from 47.1% [5][13]. - The net loss for Q4 2024 was $413,000, an improvement from a net loss of $448,000 in Q4 2023 [7][10]. - Full year net loss increased to $2.0 million from $383,000 in the prior year [7][13]. - Adjusted EBITDA for Q4 2024 was $(233,000), compared to $(1,000) in Q4 2023 [11][26]. Strategic Initiatives - The acquisition of Conductive Transfers Limited allows Interlink to enter the e-textiles and wearables market, enhancing its product offerings across various sectors [3][6]. - The company received a $400,000 SBIR Phase II grant from NIST to advance manufacturing techniques for printed gas sensors, aiming to scale production to over 10 million units annually [6]. - A $150,000 SBIR Phase I grant from NASA was awarded to develop air quality monitoring systems, showcasing the company's expertise in gas sensor technology [6]. - Leadership changes were made to support global market growth, including the appointment of Lars Timmer as Senior Business Development Manager in Europe [6]. Operational Highlights - The Fremont facility has been designated as the corporate headquarters, strengthening the company's presence in Silicon Valley [4][6]. - The launch of the 110-37x gas sensor family at CES 2025 introduces new electrochemical sensors for natural gas leak detection, enhancing safety in various environments [6].

Core Viewpoint - Interlink Electronics, Inc. has engaged Gateway Group to enhance its investor relations program, aiming to improve visibility and communication with the investment community [1][2][3] Company Overview - Interlink Electronics is a leading provider of sensor and printed electronic solutions, with nearly 40 years of experience in delivering technologies across various markets including industrial, medical, consumer, and automotive [5] Investor Relations Strategy - Gateway Group will collaborate with Interlink's management to implement a comprehensive outreach strategy, focusing on refining corporate messaging, providing strategic advisory services, and facilitating introductions to key stakeholders [2][3] - Interlink will participate in the 37th Annual ROTH Conference from March 16-18, 2025, which is a significant platform for small-cap investors [3] Leadership Engagement - Steven N. Bronson, Chairman, President, and CEO of Interlink, will be available for one-on-one meetings with institutional investors during the ROTH Conference on March 17-18, 2025 [4]

Group 1: Market Overview - The crypto market is experiencing a bullish sentiment, with expectations for significant growth in 2025, driven by new spot ETFs, political support, and Bitcoin reaching an all-time high above $100,000 in 2024 [1][2][14] - Solana and Chainlink are identified as two cryptocurrencies with high potential for value increase in this favorable environment [2] Group 2: Solana - Solana is positioned to become the dominant Layer-1 blockchain in the upcoming bull market, potentially surpassing Ethereum, which has historically led in this space [3][4] - The Solana ecosystem is thriving, with increased user growth, transaction activity, and a surge in decentralized exchanges and blockchain wallets [5] - The launch of a Trump meme coin on Solana indicates its rising popularity and relevance in the crypto landscape [4] Group 3: Chainlink - Chainlink is expected to benefit from the pro-crypto agenda of the Trump administration and growing institutional adoption of blockchain technology [6] - Chainlink previously experienced significant price growth during the last bull market, rising from $5 to $50 in under a year due to DeFi excitement [7] - A resurgence of DeFi is anticipated in 2025, with Chainlink already up 30% and nearing the top 10 cryptocurrencies by market cap [8] Group 4: AI Cryptos - While AI cryptos are a trending topic, most are currently underperforming, with examples like Virtuals Protocol down 32% this year [10] - There is potential for mid- or low-cap AI cryptos to gain attention, particularly those around a $1 billion market cap [11] - Ai16z is highlighted as a potential breakout AI crypto with a current market cap of $1 billion [12] Group 5: Investment Considerations - Between Solana and Chainlink, Solana is favored due to the potential for an incoming spot ETF, which could attract significant new investment [13] - The current pro-crypto optimism may fluctuate, but 2025 is anticipated to be a pivotal year for the crypto industry, suggesting a strategic time for investment [14]

Core Insights - Interlink Electronics, Inc. has been awarded a $150,000 SBIR Phase 1 grant from NASA for the development of integrated systems and predictive models aimed at early identification of air quality sources [1][3] - The importance of assessing outdoor air quality is increasing due to climate change and other factors, which is becoming a priority for governments worldwide [2] - The company aims to create low-power, low-cost, and widely deployable outdoor air quality (OAQ) nodes that will provide reliable data for NASA's Remote Sensing Network [3] Company Overview - Interlink Electronics is a leading provider of sensors and printed electronic solutions with 40 years of experience in delivering technologies across various markets [4] - The company's product portfolio includes gas sensors, HMI devices, and IoT solutions, serving industries such as industrial, medical, automotive, consumer, wearables, and IoT [4] - Interlink's expertise in materials science, manufacturing, and embedded electronics allows it to deliver high-quality, cost-effective custom solutions tailored to customer needs [4]

Core Insights - Interlink Electronics, Inc. has introduced a new electrochemical gas sensor, the 140-101 "4-series" Carbon Monoxide (CO) sensor, which enhances its existing product line and offers a competitive alternative in the market [1][3] - The new sensor is designed for various applications, including indoor CO monitoring, early wildfire detection, and health and wellness [1] - The company will showcase these sensors at the Consumer Electronics Show (CES) in Las Vegas from January 7 to 10, 2025, providing a platform for networking and showcasing advancements in the electronics industry [2] Company Overview - Interlink Electronics is a leading provider of sensors and printed electronic solutions, with 40 years of experience in delivering technologies across diverse markets [4] - The company's product portfolio includes force, piezo-electric, rugged HMI, wearable sensors, gas sensors, and systems, serving industries such as industrial, medical, automotive, consumer, wearables, and IoT [4] - Interlink's expertise in materials science, manufacturing, embedded electronics, firmware, and software enables the creation of high-quality, cost-effective custom solutions tailored to customer needs [4]

Core Insights - Interlink Electronics, Inc. has introduced a new family of electrochemical gas sensors capable of detecting TBM (Tert-Butyl Mercaptan) and THT (Tetra-Hydrothiophene), which are added to natural gas to provide a detectable odor for safety purposes [1][3] - The sensors will be showcased at the Consumer Electronics Show (CES) in Las Vegas from January 7 to 10, 2025, highlighting the company's commitment to innovation in the electronics domain [2] - The new sensors maintain high performance, small size, and cost competitiveness, making them attractive to commercial and domestic users, as well as gas utilities and producers [3] Company Overview - Interlink Electronics is a leading provider of sensors and printed electronic solutions with 40 years of experience in delivering technologies across various markets, including industrial, medical, automotive, consumer, wearables, and IoT [4] - The company's product portfolio includes force, piezo-electric, rugged HMI, wearable sensors, gas sensors, instruments, and systems, showcasing its technical expertise in materials science and manufacturing [4]

Core Insights - Interlink Electronics, Inc. has announced the acquisition of UK-based Conductive Transfers Limited (CT) and its affiliate Global Print Solutions Limited (GPS), enhancing its capabilities in sensor and printed electronics solutions [1][2] Company Overview - Interlink Electronics is a leading provider of sensor and printed electronic solutions with nearly 40 years of experience, serving diverse markets including industrial, medical, consumer, and automotive [4] - The company specializes in materials science, manufacturing, embedded electronics, firmware, and software, allowing for the creation of custom solutions tailored to customer needs [4] Acquisition Details - The acquisition includes valuable printing equipment and patented processes for integrating electronics with textiles, leading to functional e-textiles and wearable technology [2] - CT and GPS have a successful track record with award-winning technologies, providing products such as heaters for clothing and personal protective equipment, as well as electrodes for stroke rehabilitation [2] - Current product development includes sensors for pressure, temperature, humidity, and moisture, applicable in various sectors like healthcare and automotive [2] Strategic Fit - The acquisition aligns with Interlink's strategy to enhance its offerings in the high-growth market of wearables and smart textiles [4] - Paul Brook, co-founder of CT and GPS, expressed excitement about joining Interlink, highlighting the potential for expanding their customer base globally [3]