Interlink Electronics (LINK) Q4 2024 earnings summary

Executive summary

• Acquired Conductive Transfers Limited and Global Print Solutions Limited, expanding into e-textiles and wearable technology markets.

• Awarded $400,000 SBIR Phase II grant from NIST and $150,000 SBIR Phase I grant from NASA for sensor technology development.

• Launched 110-37x sensor family for natural gas leak detection at CES 2025.

• Strengthened leadership team and designated Fremont, CA facility as new corporate headquarters.

Financial highlights

• Q4 2024 revenue was $3.0 million, down from $3.5 million in Q4 2023, mainly due to lower force-sensor shipments.

• Full year 2024 revenue was $11.7 million, down from $13.9 million in 2023.

• Q4 2024 gross margin was 39.6%, compared to 41.0% in Q4 2023; full year 2024 gross margin was 41.5%, down from 47.1%.

• Q4 2024 net loss was $413,000, improved from $448,000 in Q4 2023; full year net loss was $2.0 million, compared to $383,000 in 2023.

• Adjusted EBITDA for 2024 was $(1.1) million, compared to $447,000 in 2023.

Outlook and guidance

• Focus on driving growth across all divisions, leveraging new acquisitions and expanded product portfolio for organic growth.

• Management expects to unlock synergies and broaden market footprint through unified leadership and strategic positioning.