$LINK

INTERLINK ELECTRONICS INC

CIK:0000828146|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 3,770	$ 3,414	$ 6,844	$ 6,078
Cost of revenue	2,098	1,876	3,836	3,591
Gross profit	1,672	1,538	3,008	2,487
Operating expenses:
Engineering, research and development	262	363	565	797
Selling, general and administrative	1,164	1,109	2,647	2,473
Total operating expenses	1,426	1,472	3,212	3,270
Income (loss) from operations	246	66	(204)	(783)
Other income (expense), net	(15)	25	45	30
Income (loss) before income taxes	231	91	(159)	(753)
Income tax expense (benefit)	(17)	(9)	(69)	(48)
Net income (loss)	248	$ 100	(90)	(705)
Net income (loss) applicable to common stockholders	$ 248		$ (90)	$ (905)
Earnings (loss) per common share - basic (in dollars per share)	$ 0.02		$ (0.01)	$ (0.06)
Earnings (loss) per common share - diluted (in dollars per share)	$ 0.02		$ (0.01)	$ (0.06)
Weighted average common shares outstanding - basic (in shares)	15,750	14,796	15,750	14,796
Weighted average common shares outstanding - diluted (in shares)	15,767	14,796	15,750	14,796

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net (loss)	$ (90)	$ (705)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
Depreciation and amortization	405	451
Stock-based compensation expense	14	14
Adjustment to reconcile operating lease expense to cash paid	(6)	(1)
Deferred income taxes	(93)	(161)
Changes in operating assets and liabilities:
Accounts receivable	(618)	(438)
Inventories	12	391
Prepaid expenses and other assets	(46)	55
Accounts payable	(525)	(114)
Accrued liabilities	96	(54)
Accrued income taxes	22	153
Net cash (used in) operating activities	(829)	(409)
Cash flows from investing activities:
Purchases of property, plant and equipment	(1)	(34)
Net cash (used in) investing activities	(1)	(34)
Cash flows from financing activities:
Payment of dividends on preferred stock		(200)
Net cash (used in) financing activities		(200)
Effect of exchange rate changes on cash	(63)	22
Net (decrease) in cash and cash equivalents	(893)	(621)
Cash and cash equivalents, beginning of period	2,724	2,950
Cash and cash equivalents, end of period	1,831	2,329
Supplemental disclosure of cash flow information:
Income taxes paid	2	39
Supplemental disclosure of non-cash investing and financing activities:
Lease liabilities arising from obtaining right-of-use assets	$ 400	$ 31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 1,831,000	$ 2,724,000
Accounts receivable, net	2,148,000	1,542,000
Inventories	1,799,000	1,801,000
Prepaid expenses and other current assets	258,000	236,000
Total current assets	6,036,000	6,303,000
Property, plant and equipment, net	379,000	474,000
Intangible assets, net	1,001,000	1,333,000
Goodwill	2,542,000	2,586,000
Right-of-use assets	977,000	760,000
Deferred tax assets	215,000	202,000
Other assets	84,000	80,000
Total assets	11,234,000	11,738,000
Current liabilities
Accounts payable	568,000	985,000
Accrued liabilities	298,000	330,000
Lease liabilities, current	409,000	324,000
Accrued income taxes	44,000	24,000
Total current liabilities	1,319,000	1,663,000
Long-term liabilities
Lease liabilities, long term	619,000	493,000
Deferred tax liabilities	268,000	361,000
Total long-term liabilities	887,000	854,000
Total liabilities	2,206,000	2,517,000
Commitments and contingencies (Note 9)
Stockholders' equity
Preferred stock, $0.01 par value: 1,000 shares authorized, no shares issued or outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.001 par value: 30,000 shares authorized, 15,750 shares issued and outstanding at both June 30, 2026 and December 31, 2025	16,000	16,000
Additional paid-in-capital	62,608,000	62,594,000
Accumulated other comprehensive income	289,000	406,000
Accumulated deficit	(53,885,000)	(53,795,000)
Total stockholders' equity	9,028,000	9,221,000
Total liabilities and stockholders' equity	$ 11,234,000	$ 11,738,000