Interlink Electronics Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: LINK · Form: 10-Q · Filed: May 9, 2024 · CIK: 828146
Sentiment: neutral
Topics: 10-Q, Interlink Electronics, Financial Report, Quarterly Earnings, Balance Sheet
TL;DR
<b>Interlink Electronics Inc. filed its Q1 2024 10-Q, detailing financial performance and balance sheet information.</b>
AI Summary
INTERLINK ELECTRONICS INC (LINK) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. Interlink Electronics Inc. filed a 10-Q report for the period ending March 31, 2024. The filing includes financial data for the first quarter of 2024. Key financial statement items such as Retained Earnings, Additional Paid-In Capital, and Accumulated Other Comprehensive Income are detailed for various periods. Information on Preferred Stock and Common Stock is provided as of March 31, 2024, and prior periods. Revenue data is segmented by geography, including Europe and Other, Asia and Middle East, and the US, for Q1 2024 and Q1 2023.
Why It Matters
For investors and stakeholders tracking INTERLINK ELECTRONICS INC, this filing contains several important signals. This 10-Q provides investors with the latest quarterly financial snapshot of Interlink Electronics Inc., crucial for assessing recent performance and financial health. The detailed breakdown of revenues by region and the inclusion of balance sheet items like retained earnings and stock information allow for a comprehensive understanding of the company's financial position and operational focus.
Risk Assessment
Risk Level: medium — INTERLINK ELECTRONICS INC shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the absence of specific performance metrics like revenue growth or net income in the provided snippet prevents a definitive assessment of the company's current operational momentum, necessitating a medium risk rating.
Analyst Insight
Review the full 10-Q filing to analyze revenue trends, profitability, and any disclosed risks or strategic initiatives.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Europe and Other | ||
| Asia and Middle East | ||
| US |
Key Numbers
- 2024-03-31 — Reporting Period End Date (Conformed period of report)
- 2024-05-09 — Filing Date (Filed as of date)
- 9860368 — Retained Earnings (2024-03-31) (us-gaap:RetainedEarningsMember)
- 6573570 — Additional Paid-In Capital (2024-03-31) (us-gaap:AdditionalPaidInCapitalMember)
Key Players & Entities
- INTERLINK ELECTRONICS INC (company) — Filer name
- LINK (company) — Ticker symbol
- 2024-03-31 (date) — Conformed period of report
- 2024-05-09 (date) — Filed as of date
- IRVINE, CA (location) — Business address city and state
- NV (location) — State of incorporation
FAQ
When did INTERLINK ELECTRONICS INC file this 10-Q?
INTERLINK ELECTRONICS INC filed this Quarterly Report (10-Q) with the SEC on May 9, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by INTERLINK ELECTRONICS INC (LINK).
Where can I read the original 10-Q 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-Q?
INTERLINK ELECTRONICS INC filed this 10-Q on May 9, 2024. Key takeaways: Interlink Electronics Inc. filed a 10-Q report for the period ending March 31, 2024.. The filing includes financial data for the first quarter of 2024.. Key financial statement items such as Retained Earnings, Additional Paid-In Capital, and Accumulated Other Comprehensive Income are detailed for various periods..
Is INTERLINK ELECTRONICS INC a risky investment based on this filing?
Based on this 10-Q, INTERLINK ELECTRONICS INC presents a moderate-risk profile. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the absence of specific performance metrics like revenue growth or net income in the provided snippet prevents a definitive assessment of the company's current operational momentum, necessitating a medium risk rating.
What should investors do after reading INTERLINK ELECTRONICS INC's 10-Q?
Review the full 10-Q filing to analyze revenue trends, profitability, and any disclosed risks or strategic initiatives. The overall sentiment from this filing is neutral.
Risk Factors
- Geographic Concentration Risk [medium — market]: The company's sales revenue is concentrated in specific geographic regions, including Europe and Other, Asia and Middle East, and the US, posing a risk if these markets experience adverse conditions.
Key Dates
- 2024-03-31: Quarterly Report End Date — Marks the end of the reporting period for the 10-Q filing.
- 2024-05-09: Filing Date — Date the 10-Q was officially submitted to the SEC.
Filing Stats: 4,455 words · 18 min read · ~15 pages · Grade level 17.6 · Accepted 2024-05-09 16:14:48
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share LINK The Nasdaq
Filing Documents
- link-20240331x10q.htm (10-Q) — 1251KB
- link-20240331xex10d1.htm (EX-10.1) — 546KB
- link-20240331xex31d1.htm (EX-31.1) — 12KB
- link-20240331xex31d2.htm (EX-31.2) — 12KB
- link-20240331xex32d1.htm (EX-32.1) — 8KB
- link-20240331xex10d1001.jpg (GRAPHIC) — 2KB
- link-20240331xex10d1002.jpg (GRAPHIC) — 2KB
- link-20240331xex10d1003.jpg (GRAPHIC) — 42KB
- link-20240331xex10d1004.jpg (GRAPHIC) — 51KB
- 0001410578-24-000702.txt ( ) — 6346KB
- link-20240331.xsd (EX-101.SCH) — 34KB
- link-20240331_cal.xml (EX-101.CAL) — 56KB
- link-20240331_def.xml (EX-101.DEF) — 131KB
- link-20240331_lab.xml (EX-101.LAB) — 350KB
- link-20240331_pre.xml (EX-101.PRE) — 251KB
- link-20240331x10q_htm.xml (XML) — 935KB
-- FINANCIAL INFORMATION
PART I -- FINANCIAL INFORMATION Item 1.
Financial Statements (unaudited)
Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income (Loss) 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27
-- OTHER INFORMATION
PART II -- OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 29 Item 5. Other Information 29 Item 6. Exhibits 30
Signatures
Signatures 31 2 Table of Contents
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements INTERLINK ELECTRONICS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) March 31, December 31, 2024 2023 (in thousands, except par value) ASSETS Current assets Cash and cash equivalents $ 4,367 $ 4,304 Accounts receivable, net 1,772 2,167 Inventories 2,570 2,476 Prepaid expenses and other current assets 368 381 Total current assets 9,077 9,328 Property, plant and equipment, net 289 313 Intangible assets, net 2,437 2,654 Goodwill 2,435 2,461 Right-of-use assets 99 143 Deferred tax assets 82 83 Other assets 79 80 Total assets $ 14,498 $ 15,062 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 965 $ 464 Accrued liabilities 416 492 Lease liabilities, current 112 126 Accrued income taxes 342 293 Total current liabilities 1,835 1,375 Long-term liabilities Lease liabilities, long term 2 33 Deferred tax liabilities 581 626 Total long-term liabilities 583 659 Total liabilities 2,418 2,034 Commitments and contingencies (Note 8) — — Stockholders' equity Preferred stock, $ 0.01 par value: 1,000 shares authorized, 200 shares of Series A Convertible Preferred Stock issued and outstanding at both March 31, 2024 and December 31, 2023 ( $ 5.0 million liquidation preference) 2 2 Common stock, $ 0.001 par value: 30,000 shares authorized, 9,860 shares issued and outstanding at both March 31, 2024 and December 31, 2023 10 10 Additional paid-in-capital 62,279 62,279 Accumulated other comprehensive income 93 200 Accumulated deficit ( 50,304 ) ( 49,463 ) Total stockholders' equity 12,080 13,028 Total liabilities and stockholders' equity $ 14,498 $ 15,062 See accompanying notes to these unaudited condensed consolidated financial statements. 3 Table of Contents INTERLINK ELECTRONICS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)