Core Insights - Interlink Electronics reported a significant revenue increase of 18% year-over-year for Q2 2025, reaching $3.4 million, driven by higher gas-sensor shipments and strong demand for printed electronics [4][8][10] - The company achieved a gross margin of 45%, reflecting disciplined execution and a favorable product mix, with expectations for continued improvements in the second half of 2025 and into 2026 [4][10] - Interlink is focusing on strategic growth initiatives, including evaluating a robust M&A pipeline to enhance shareholder value [5][8] Financial Performance - Revenue for Q2 2025 was $3,414,000, compared to $2,898,000 in Q2 2024, marking a $516,000 increase or 17.8% [6][22] - Gross profit for the quarter was $1,538,000, up from $1,305,000 in the previous year, representing a 17.9% increase [6][22] - Net income for Q2 2025 was $100,000, a significant improvement from a net loss of $307,000 in Q2 2024 [10][22] Strategic Initiatives - The company secured a major design win for an integrated sensing solution with a division of a top-10 global OEM, with expected revenue of approximately $1 million in 2026 [8] - Interlink received a $280,000 SBIR Phase 1 award to develop a high-resolution air quality monitoring system, highlighting its leadership in the gas sensing industry [8][7] - The company is expanding relationships with Fortune 500 customers, supported by a scalable product portfolio [8]

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].