Interlink Electronics(LINK) - 2025 Q3 - Quarterly Results

Financial Performance - Revenue for Q3 2025 increased by 11% year-over-year to $3.0 million, compared to $2.7 million in Q3 2024[6] - Gross profit for Q3 2025 was $1.238 million, a 12% increase from $1.105 million in the same period last year[7] - Net loss for Q3 2025 improved to $336,000 from a net loss of $523,000 in Q3 2024[8] - Adjusted EBITDA for Q3 2025 was $(62,000), an improvement from $(248,000) in the prior-year period[9] - Revenue for Q3 2025 was $2,959,000, an increase of 10.8% compared to $2,671,000 in Q3 2024[22] - Gross profit for Q3 2025 was $1,238,000, up from $1,105,000 in Q3 2024, reflecting a gross margin improvement[22] - Net loss for Q3 2025 was $336,000, compared to a net loss of $523,000 in Q3 2024, indicating a reduction in losses[22] - Adjusted EBITDA for Q3 2025 was $(62,000), an improvement from $(248,000) in Q3 2024[25] - The company reported a net loss applicable to common stockholders of $436,000 in Q3 2025, down from $623,000 in Q3 2024[22] - Earnings per share for Q3 2025 was $(0.03), an improvement from $(0.04) in Q3 2024[22] Operational Highlights - The company secured two significant SBIR grants totaling $375,000 for advancing food safety technologies[6] - Interlink signed a Letter of Intent to acquire a U.K.-based engineering and manufacturing company, enhancing its European presence[6] - Total operating expenses for Q3 2025 were $1,551,000, slightly down from $1,581,000 in Q3 2024[22] - Engineering, research and development expenses decreased to $354,000 in Q3 2025 from $486,000 in Q3 2024, showing a focus on cost management[22] - Selling, general and administrative expenses increased to $1,197,000 in Q3 2025 from $1,095,000 in Q3 2024, indicating higher operational costs[22] Financial Position - Gross margin for Q3 2025 was 41.8%, a 40-basis-point increase from the previous year[8] - The company issued a 50% common stock dividend to enhance liquidity and shareholder value[4] - Total assets as of September 30, 2025, were $12.081 million, down from $13.116 million at the end of 2024[20] - Total stockholders' equity decreased to $9.632 million from $10.493 million at the end of 2024[20] - The weighted average common shares outstanding for Q3 2025 was 14,813,000, slightly up from 14,793,000 in Q3 2024[22]