INTERLINK ELECTRONICS INC LINK
Interlink Electronics, Inc. ("Interlink," "we," "us," "our," or the "Company") is a leading global provider of advanced sensing technologies and printed electronics solutions that enable Human-Machine Interface ("HMI") devices and Internet-of-Things ("IoT") applications. Our broad product and technology portfolio spans force and touch sensors, piezoelectric sensors, rugged HMI sensors, wearable and textile-based sensors and electrochemical gas and environmental sensors, along with instruments and fully integrated systems based on our sensor technologies.
We serve global blue-chip customers and innovative emerging companies across diverse end-use markets, including medical, industrial, automotive, consumer electronics, wearables, environmental monitoring, and specialty applications. Our technical and engineering expertise in materials science, printed electronics manufacturing, embedded electronics, and related firmware, software, and system integration allows us to deliver high-performance, cost-effective standard and custom solutions tailored to our customers' unique requirements.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9M | $11.7M | $13.9M | $7.5M | $7.5M | $6.9M | $7.3M | — | $11.2M | $11.9M |
| Cost of revenue | $7.3M | $6.8M | $7.4M | $3.6M | $3.4M | $3.0M | $4.0M | — | $4.3M | $4.9M |
| Gross profit | $4.6M | $4.8M | $6.6M | $3.9M | $4.1M | $3.9M | $3.3M | — | $6.9M | $7.0M |
| R&D | $1.5M | $2.1M | $2.3M | $1.2M | $893.0K | $918.0K | $916.0K | — | $829.0K | $623.0K |
| SG&A | $5.0M | $4.8M | $4.7M | $3.3M | $3.2M | $2.9M | $2.6M | — | $3.9M | $3.5M |
| Total operating expenses | $6.5M | $6.9M | $7.0M | $4.5M | $4.1M | $3.8M | $3.5M | — | $4.7M | $4.2M |
| Operating income | -$1.8M | -$2.0M | -$439.0K | -$668.0K | -$79.0K | $110.0K | -$214.0K | — | $2.1M | $2.8M |
| Pre-tax income | -$1.8M | -$2.0M | -$275.0K | $1.9M | -$129.0K | $18.0K | -$175.0K | — | $2.1M | $2.9M |
| Income tax | $191.0K | $27.0K | $108.0K | $271.0K | $605.0K | $95.0K | $282.0K | — | $874.0K | $6.0K |
| Net income | -$1.6M | -$2.0M | -$383.0K | $1.7M | -$734.0K | $113.0K | -$457.0K | — | $1.3M | $2.9M |
| EPS, basic | -0.13 | -0.16 | -0.08 | 0.13 | -0.12 | 0.02 | -0.07 | — | — | — |
| EPS, diluted | -0.13 | -0.16 | -0.08 | 0.13 | -0.12 | 0.02 | -0.07 | — | 0.17 | 0.39 |
| Shares, diluted (wtd. avg.) | $14.9M | $14.8M | $9.9M | $9.9M | $6.6M | $6.6M | $6.6M | — | $7.4M | $7.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.7M | $3.0M | $4.3M | $10.1M | $10.8M | $6.1M | $5.8M | $6.1M | $7.8M | $6.0M |
| Receivables | $1.5M | $1.6M | $2.2M | $1.2M | $1.1M | $1.1M | $730.0K | — | $1.4M | $1.7M |
| Inventory | $1.8M | $2.0M | $2.5M | $2.1M | $814.0K | $866.0K | $927.0K | — | $1.2M | $1.3M |
| Total current assets | $6.3M | $6.9M | $9.3M | $13.7M | $13.1M | $8.5M | $7.8M | — | $10.7M | $9.4M |
| Property, plant and equipment | $474.0K | $411.0K | $313.0K | $184.0K | $338.0K | $407.0K | $633.0K | — | $525.0K | $310.0K |
| Goodwill | $2.6M | $2.7M | $2.5M | $650.0K | — | — | — | — | — | — |
| Other intangibles | $1.3M | $1.9M | $2.7M | $76.0K | $131.0K | $195.0K | $171.0K | — | $69.0K | $44.0K |
| Total assets | $11.7M | $13.1M | $15.1M | $15.0M | $13.8M | $10.0M | $9.3M | — | $11.8M | $10.5M |
| Accounts payable | $985.0K | $573.0K | $464.0K | $273.0K | $338.0K | $235.0K | $218.0K | — | $255.0K | $324.0K |
| Short-term debt | — | — | — | — | — | $186.0K | — | — | — | — |
| Total current liabilities | $1.7M | $1.4M | $1.4M | $1.1M | $1.0M | $1.0M | $687.0K | — | $703.0K | $873.0K |
| Total liabilities | $2.5M | $2.6M | $2.0M | $1.1M | $1.1M | $1.2M | $761.0K | — | $703.0K | $873.0K |
| Retained earnings | -$53.8M | -$51.8M | -$49.5M | -$48.7M | -$50.0M | -$49.2M | -$49.3M | — | -$49.4M | -$50.7M |
| Total equity | $9.2M | $10.5M | $13.0M | $13.8M | $12.7M | $8.8M | $8.6M | $9.0M | $11.1M | $9.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$112.0K | -$367.0K | -$116.0K | -$915.0K | $231.0K | $39.0K | $2.0K | — | $2.0M | $1.9M |
| Depreciation and amortisation | $907.0K | $892.0K | $863.0K | $248.0K | $281.0K | $293.0K | $251.0K | — | $190.0K | $65.0K |
| Stock-based compensation | $43.0K | $34.0K | $15.0K | $15.0K | $20.0K | $26.0K | $75.0K | — | $122.0K | $119.0K |
| Capital expenditure | $56.0K | $177.0K | $123.0K | $42.0K | $159.0K | $7.0K | $141.0K | — | $394.0K | $191.0K |
| Investing cash flow | -$56.0K | -$491.0K | -$4.9M | $735.0K | -$159.0K | -$90.0K | -$233.0K | — | -$429.0K | -$230.0K |
| Financing cash flow | -$91.0K | -$400.0K | -$750.0K | -$350.0K | $4.5M | $186.0K | -$6.0K | — | $34.0K | — |
| Buybacks | — | — | $350.0K | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-035244.
Others in SIC 3577
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| PANW | Palo Alto Networks Inc | $271.61B | 208.3x | 14.9% |
| FTNT | Fortinet, Inc. | $114.67B | 64.6x | 14.2% |
| LOGI | LOGITECH INTERNATIONAL S.A. | $14.61B | 21.3x | 6.3% |
| CRSR | Corsair Gaming, Inc. | $1.38B | — | 11.9% |
| EVLV | Evolv Technologies Holdings, Inc. | $905.6M | — | 40.5% |
| MITK | MITEK SYSTEMS INC | $837.9M | 97.7x | 4.4% |
| XRX | Xerox Holdings Corp | $436.0M | — | 12.9% |
| IMMR | IMMERSION CORP | $255.9M | 55.1x | 11.2% |