#USA #Fremont #Interlink Electronics #Sensors #E-Textiles

Interlink Electronics 2024 Financial Report Overview

Interlink Electronics, Inc. (Nasdaq: LINK), a global leader in sensor technology and printed electronics, released its financial results for the fourth quarter and full year of 2024. The company reported significant achievements and strategic movements, highlighting its efforts to expand in the ever-evolving tech landscape.

Q4 and Full Year Highlights

In the fourth quarter of 2024, Interlink's revenue reached $2.986 million, reflecting a decrease from $3.538 million in the same period last year. This decline primarily stemmed from reduced shipments of traditional force-sensor products, although there were notable increases in their Gas and Environmental Sensors division and printed product sales through their Calman Technology subsidiary.

For the full year, total revenue stood at $11.679 million, down from $13.940 million in 2023. These changes echoed fluctuations in customer demand, influenced by ordering patterns and production cycles that affected the timing and volume of orders.

Key Acquisitions and Developments

Among the most significant operational highlights, Interlink successfully acquired Conductive Transfers Limited and its affiliate, Global Print Solutions Limited. This strategic acquisition allows Interlink to integrate electronics with textiles, advancing their position in the promising e-textiles and wearable technology market.

Moreover, Interlink secured a $400,000 SBIR Phase II grant from NIST to enhance high-volume manufacturing capabilities for printed gas sensors, aiming to produce over 10 million units annually. Additionally, they received a $150,000 SBIR Phase I grant from NASA to develop predictive models for air quality monitoring.

Innovations in Sensor Technology

A highlight from the CES 2025 was the introduction of the industry-first 110-37x sensor family, specifically designed to detect Tert-Butyl Mercaptan (TBM) and Tetra-Hydrothiophene (THT) – essential for natural gas safety. These advancements aim to bolster safety protocols across domestic, commercial, and industrial spaces.

The company also announced new senior management appointments, strengthening its leadership team and supporting strategic growth initiatives in Europe and beyond. The designation of their Fremont, California facility as the corporate headquarters is expected to drive further innovation and development.

Financial Metrics Overview

While revenue decreased, Interlink managed to reduce its net loss to $413,000 in Q4, an improvement compared to a net loss of $448,000 in Q4 2023. Full-year net loss was reported at $2 million, attributed primarily to lower revenue and gross profit margins.

Management's Perspective

Steven N. Bronson, Chairman and CEO, expressed optimism about the company's direction, emphasizing the new chapter marked by innovation and expansion into wearable technologies. Bronson noted, "With our solid capital position and an enhanced product portfolio, we are strategically positioned for growth. Our recent acquisitions and advancements in sensor technology pave the way for our future in diverse markets."

Future Outlook

Looking forward to 2025, Interlink aims to capitalize on synergies across its divisions and leverage a unified sales strategy to strengthen its market presence. With growing demand for its advanced sensor solutions and printed electronics, the company is confident in its ability to deliver long-term shareholder value.

In summary, Interlink Electronics is positioning itself for a robust future, with significant advancements in technology and strategic maneuvers set to define its path forward in the competitive landscape of sensor technologies and electronic solutions.