Interlink Electronics Reports Fourth Quarter and Fiscal Year 2023 Results
IRVINE, Calif., March 21, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (Nasdaq: LINK), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today announced its financial results for the three months and year ended December 31, 2023.
- Revenue increased 120% to $3.5 million in the fourth quarter of 2023 compared to the prior-year period and increased 86% to $13.9 million for the year.
- Gross profit for the quarter increased 82% to $1.5 million compared to the year-ago quarter due to increased revenues, while gross margin percentage was down from 49% to 41%.
- EBITDA for the fourth quarter improved from negative $290,000 for the prior-year period to positive $15,000 in the current year.
- "We believe our 2023 activities and results demonstrate our commitment to growth through acquisitions and organic opportunities," said Steven N. Bronson, Chairman, President, and CEO of Interlink Electronics.