Key Highlights

  • Third-quarter 2026 Revenue was USD 3.06 million, against USD 2.96 million.
  • Nine-month revenue rose 9.6% to USD 9.9 million.
  • The nine-month net loss narrowed to USD 406 thousand from USD 1,041 thousand.
  • Cash and cash equivalents were USD 2.3 million, with no indebtedness.

Interlink Electronics (NASDAQ:LINK) reported third-quarter 2026 revenue of USD 3.06 million, against an estimate of USD 3.40 million. Loss per share was USD 0.02, in line with the estimate of USD 0.02. The company makes force-sensing and printed electronics products used in automotive, industrial and medical applications.

The filing says revenues were up in the quarter for customers in the automotive and industrial markets and for customers of standard products, and down for customers in the medical market.

Revenue and Margin

Revenue was USD 3,059 thousand for the third quarter, against USD 2,959 thousand. Cost of revenue was USD 1,917 thousand, against USD 1,721 thousand, and Gross Profit was USD 1,142 thousand, against USD 1,238 thousand, a gross Margin of 37.3% against 41.8%.

For the nine months, revenue was USD 9,903 thousand, against USD 9,037 thousand, an increase of USD 866 thousand, or 9.6%. Gross profit was USD 4,150 thousand, a margin of 41.9%, against USD 3,725 thousand, or 41.2%. The filing says nine-month revenues were up for customers in the medical and automotive markets and for customers of standard products, and down for customers in the industrial market. It attributes the medical increase to increased shipments of force-sensing products and printed electronics products from its Calman subsidiary.

Operating Expenses and Net Loss

Engineering, Research and Development expenses were USD 316 thousand for the quarter, against USD 354 thousand. Selling, general and administrative expenses were USD 1,194 thousand, against USD 1,197 thousand. Total operating expenses were USD 1,510 thousand, against USD 1,551 thousand. The loss from operations was USD 368 thousand, against USD 313 thousand, and the loss before income taxes was USD 379 thousand, against USD 310 thousand.

For the nine months, engineering, research and development expenses were USD 881 thousand, against USD 1,151 thousand, and selling, general and administrative expenses were USD 3,841 thousand, against USD 3,670 thousand. Total operating expenses were USD 4,722 thousand, against USD 4,821 thousand. The loss from operations was USD 572 thousand, against USD 1,096 thousand, and net loss was USD 406 thousand, against USD 1,041 thousand.

Liquidity and Working Capital

As of September 30, 2026, the company had cash and cash equivalents of USD 2.3 million, Working Capital of USD 4.5 million and no indebtedness. Cash and cash equivalents consist of cash and Money Market funds, and USD 1.5 million of the cash was held by foreign subsidiaries. For the nine months ended September 30, 2026, Depreciation and amortization was USD 587 thousand, against USD 684 thousand.

Accounts receivable increased from USD 1.5 million at December 31, 2025 to USD 1.7 million at September 30, 2026, which the filing attributes to higher sales in the three months ended September 30, 2026 than in the three months ended December 31, 2025. Days Sales Outstanding were 57, up from 47 at December 31, 2025. Inventories increased slightly from USD 1.8 million to USD 1.9 million, and prepaid expenses and other current Assets increased from USD 0.2 million to USD 0.3 million.

For the nine months ended September 30, 2025, cash provided by Operating Activities of USD 244 thousand was attributable to a net loss of USD 1,041 thousand, adjusted for non-cash charges of USD 511 thousand and cash provided by changes in operating assets and liabilities of USD 774 thousand. In that period, net cash used in financing activities of USD 193 thousand consisted of proceeds of USD 107 thousand from the issuance of common stock, net of USD 81 thousand of offering costs, offset by USD 300 thousand of dividends on its Series A Convertible Preferred Stock.