Core Viewpoint - The first quarter of 2025 is seen as a low point for Interlink Electronics, with a focus on strategic execution to return to profitability and achieve double-digit organic growth by 2026 [1][3]. Financial Performance - Revenue for Q1 2025 was $2.664 million, a decrease of 14.7% from $3.124 million in Q1 2024 [8][9]. - Gross profit was $949,000, down 24.3% from $1.253 million in the same quarter last year, resulting in a gross margin of 35.6%, compared to 40.1% in Q1 2024 [8][10]. - The net loss for the quarter was $805,000, an increase from a loss of $741,000 in Q1 2024, attributed to lower revenue and gross profit [8][10]. - Adjusted EBITDA was $(623,000), compared to $(508,000) in the prior-year period [8][11]. Operational Highlights - The company is encouraged by progress in its gas sensor product line, particularly in odor and carbon monoxide detection, which enhances its relevance in environmental and safety applications [4][6]. - A significant integrated sensing solution design win was secured with a division of a top 10 global OEM, with pre-production expected to begin in Q3 2025 and nearly $1 million in revenue anticipated for 2026 [7]. - The company is shifting some production from China to Scotland to mitigate tariff impacts, maintaining operational discipline and customer momentum [5][6]. Strategic Outlook - The management emphasizes a disciplined execution strategy and is optimistic about returning to profitability in 2026, driven by organic revenue growth and margin expansion [3][6]. - The company is actively monitoring a healthy M&A pipeline and will pursue opportunities that align with long-term goals [6][7].