Interlink Electronics Q1 Revenue Up 15%, Gross Margin Hits 43.5%, Loss Shrinks
Interlink Electronics’ Q1 revenue rose 15% year-over-year to $3.07 million, driving gross margin up 8 points to 43.5% and narrowing net loss by 58% to $338,000. The firm signed a non-binding LOI to acquire a high-performance manufacturing provider and will open a South Yorkshire R&D facility in July.
1. Q1 Financial Results
Interlink posted Q1 revenue of $3.07 million, a 15% increase from $2.66 million year-ago, lifting gross margin by 8 percentage points to 43.5%. Net loss narrowed 58% to $338,000 and adjusted EBITDA improved to a loss of $168,000, reflecting higher shipments of force-sensing and printed electronics.
2. Acquisition Plan
The company signed a non-binding letter of intent to acquire a provider of high-performance manufacturing solutions for semiconductor, defense, laser and photonics, commercial high-tech and aerospace sectors. Management expects this move to expand production capacity and accelerate growth in mission-critical markets.
3. Product Development Pipeline
Interlink is developing electrodes for intelligent test strips targeting point-of-care and home-testing platforms, with a clinical trial planned later this year and volume production slated for 2027. It is also advancing a third-generation FDA-approved muscle stimulation wearable using its conductive transfer process.
4. New Facility Launch
A new R&D and production facility will open in South Yorkshire, England, in early July to support conductive transfer technology for smart textiles and wearable devices, expanding the company’s global manufacturing footprint and R&D capabilities.