Interlink Electronics(US:LINK)2024-05-09 20:21Financial Performance - Revenue for Q1 2024 was approximately $3.1 million, a decrease of 5% from $3.3 million in Q1 2023[3] - Gross profit margin fell to 40.1% in Q1 2024 from 48.4% in Q1 2023, primarily due to changes in product mix and lower revenue[8] - Net loss for the quarter was $741,000, compared to a loss of $191,000 in the same quarter last year, attributed to lower gross profit and increased operating costs[8] Cash and Liabilities - The company ended the quarter with $4.4 million in cash and cash equivalents, up from $4.3 million at the end of 2023[8] - Total liabilities increased to $2.4 million as of March 31, 2024, compared to $2.0 million at the end of 2023[14] - Stockholders' equity decreased to $12.1 million from $13.0 million at the end of 2023, reflecting the net loss for the quarter[14] Operating Expenses - Operating expenses increased to $2.0 million in Q1 2024 from $1.8 million in Q1 2023, driven by higher selling, general, and administrative costs[16] Market Outlook - The company does not expect a significant rebound in order flow from larger force-sensor customers for the remainder of the year[6] - New customer traction for force-sensor and gas-sensor products is anticipated to positively impact revenues in 2025 and beyond[6] Product Development - The acquisition of Calman Technology Limited contributed to sales of new membrane keypads and printed electronics[3]