Interlink Electronics Inc. Files 2023 Annual Report on Form 10-K
Ticker: LINK · Form: 10-K · Filed: Mar 25, 2024 · CIK: 828146
Sentiment: neutral
Topics: 10-K, Interlink Electronics, Financial Report, Assets, Revenue
TL;DR
<b>Interlink Electronics Inc. filed its 2023 10-K, detailing financial health, asset values, and revenue streams.</b>
AI Summary
INTERLINK ELECTRONICS INC (LINK) filed a Annual Report (10-K) with the SEC on March 25, 2024. Interlink Electronics Inc. reported total assets of $9,915,000 for the fiscal year ended December 31, 2023. The company's retained earnings stood at $6,573,570 as of December 31, 2023. Sales revenue for the year ended December 31, 2023, showed geographic concentration in the US, Europe/Other, and Asia/Middle East. The filing details convertible preferred stock series with maturity dates in October 2024 and October 2023. Key assets include Furniture, Machinery and Equipment valued at $9,860,355 as of December 31, 2023.
Why It Matters
For investors and stakeholders tracking INTERLINK ELECTRONICS INC, this filing contains several important signals. The 10-K filing provides a comprehensive overview of Interlink Electronics' financial performance and position for the fiscal year 2023, crucial for investors to assess the company's stability and growth prospects. Specific details on asset composition, retained earnings, and revenue by region offer insights into the company's operational focus and financial management strategies.
Risk Assessment
Risk Level: medium — INTERLINK ELECTRONICS INC shows moderate risk based on this filing. The company's financial statements and asset details indicate a relatively small operational scale, with total assets around $9.9 million, suggesting potential limitations in market reach or growth capacity compared to larger competitors.
Analyst Insight
Investors should analyze the geographic revenue breakdown and convertible preferred stock details to understand potential market risks and financing structures.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| EuropeAndOther | ||
| AsiaAndMiddleEast | ||
| US |
Key Numbers
- 9915000 — Total Assets (As of 2023-12-31)
- 6573570 — Retained Earnings (As of 2023-12-31)
- 9860355 — Furniture, Machinery and Equipment (As of 2023-12-31)
- 200000 — Preferred Stock (As of 2023-12-31)
- 200000 — Common Stock (As of 2023-12-31)
Key Players & Entities
- INTERLINK ELECTRONICS INC (company) — Filer name
- LINK (company) — Ticker symbol
- 2023-12-31 (date) — Fiscal year end
- 15707 ROCKFIELD BOULEVARD, SUITE 105 (address) — Business address
- IRVINE (location) — Business address city
- CA (location) — Business address state
- 92618 (postal_code) — Business address zip
- 805-484-8855 (phone_number) — Business phone
FAQ
When did INTERLINK ELECTRONICS INC file this 10-K?
INTERLINK ELECTRONICS INC filed this Annual Report (10-K) with the SEC on March 25, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by INTERLINK ELECTRONICS INC (LINK).
Where can I read the original 10-K filing from INTERLINK ELECTRONICS INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by INTERLINK ELECTRONICS INC.
What are the key takeaways from INTERLINK ELECTRONICS INC's 10-K?
INTERLINK ELECTRONICS INC filed this 10-K on March 25, 2024. Key takeaways: Interlink Electronics Inc. reported total assets of $9,915,000 for the fiscal year ended December 31, 2023.. The company's retained earnings stood at $6,573,570 as of December 31, 2023.. Sales revenue for the year ended December 31, 2023, showed geographic concentration in the US, Europe/Other, and Asia/Middle East..
Is INTERLINK ELECTRONICS INC a risky investment based on this filing?
Based on this 10-K, INTERLINK ELECTRONICS INC presents a moderate-risk profile. The company's financial statements and asset details indicate a relatively small operational scale, with total assets around $9.9 million, suggesting potential limitations in market reach or growth capacity compared to larger competitors.
What should investors do after reading INTERLINK ELECTRONICS INC's 10-K?
Investors should analyze the geographic revenue breakdown and convertible preferred stock details to understand potential market risks and financing structures. The overall sentiment from this filing is neutral.
Risk Factors
- Geographic Concentration Risk [medium — market]: Sales revenue is subject to geographic concentration risk, with significant portions generated from the US, Europe/Other, and Asia/Middle East.
Key Dates
- 2023-12-31: Fiscal Year End — Reporting period for the 10-K filing.
Filing Stats: 4,318 words · 17 min read · ~14 pages · Grade level 16.3 · Accepted 2024-03-25 16:52:47
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share LINK The Nasdaq
Filing Documents
- link-20231231x10k.htm (10-K) — 2113KB
- link-20231231xex4d2.htm (EX-4.2) — 21KB
- link-20231231xex21d1.htm (EX-21.1) — 11KB
- link-20231231xex23d1.htm (EX-23.1) — 4KB
- link-20231231xex31d1.htm (EX-31.1) — 14KB
- link-20231231xex31d2.htm (EX-31.2) — 14KB
- link-20231231xex32d1.htm (EX-32.1) — 8KB
- link-20231231xex97d1.htm (EX-97.1) — 52KB
- 0001104659-24-038475.txt ( ) — 8435KB
- link-20231231.xsd (EX-101.SCH) — 48KB
- link-20231231_cal.xml (EX-101.CAL) — 77KB
- link-20231231_def.xml (EX-101.DEF) — 173KB
- link-20231231_lab.xml (EX-101.LAB) — 493KB
- link-20231231_pre.xml (EX-101.PRE) — 363KB
- link-20231231x10k_htm.xml (XML) — 1395KB
Business
Business 5 Item 1A.
Risk Factors
Risk Factors 15 Item 1B. Unresolved Staff Comments 28 Item 1C. Cybersecurity 28 Item 2.
Properties
Properties 29 Item 3.
Legal Proceedings
Legal Proceedings 29 Item 4. Mine Safety Disclosures 29 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30 Item 6. Reserved 31 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 39 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 40 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 67 Item 9A.
Controls and Procedures
Controls and Procedures 67 Item 9B. Other Information 68 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 68 PART III Item 10. Directors, Executive Officers and Corporate Governance 68 Item 11.
Executive Compensation
Executive Compensation 71 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 75 Item 13. Certain Relationships and Related Transactions, and Director Independence 76 Item 14. Principal Accountant Fees and Services 78 PART IV Item 15. Exhibit and Financial Statement Schedules 80 Item 16. Form 10–K Summary 81
Signatures
Signatures 82 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements and information in this Annual Report on Form 10-K may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," "expect" and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These forward-looking statements may include, but are not limited to, statements concerning the following: the impact of the coronavirus or COVID-19 pandemic on our worldwide operations and those of our business partners; our ability to fund our planned operations and implement our business plan; our future financial and operating results; our plans regarding future financings; our plans regarding the use of proceeds from any financings and the expected duration of our capital resources; our hiring plans; our business strategy; our intentions, expectations and beliefs regarding anticipated growth, market penetration and trends in our business; our dependence on growth in our customers' businesses; the effects of market conditions on our stock price; the impact on our operating results from changes in market conditions for our products; our ability to maintain our competitive technological advantages against competitors in our industry and the related costs associated with defending intellectual property infringement and other claims; o
BUSINESS
ITEM 1. BUSINESS Our Company Interlink Electronics, Inc. ("we", "us", "our", "Interlink" or the "Company") is a global sensor and printed electronics company operating in two principal sensor technology divisions: force/touch sensors, and gas and environmental sensors. Our force/touch sensors, including our Force-Sensing Resistor ("FSR ") technology and related technologies, and our membrane keypads, graphic overlays and printed electronics, are used extensively in Human-Machine Interface ("HMI") devices. Our gas and environmental sensors and instruments are used in environmental and air quality monitoring across a broad range of applications. Force/Touch Sensors . We design, develop, manufacture and sell a range of force-sensing technologies that incorporate our proprietary materials technology, firmware and software into a portfolio of standard products and custom solutions. These include sensor components, subassemblies, modules and products that support effective, efficient cursor control and novel three-dimensional user inputs. Our HMI technology platforms are deployed in a wide range of markets, including consumer electronics, automotive, industrial and medical. The application of our HMI technology platforms includes vehicle entry, vehicle multi-media control interface, rugged touch controls, presence detection, collision detection, speed and torque controls, pressure mapping, biological monitoring and others. Additionally, through our acquisition of Calman Technology Limited in March 2023, we offer customized membrane keypads, graphic overlays, printed electronics and industrial label products for use in a wide range of fields, from industrial instrumentation, process control and monitoring to medical and diagnostic devices and defense systems. With over 25 years as a leading HMI provider, Calman Technology has developed to also become a specialized provider of printed electronics for the medical sector in the UK and Europe. Interlink has been a leader i