Interlink Electronics Files Q2 2024 10-Q
Ticker: LINK · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 828146
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Interlink Electronics Q2 2024 10-Q filed: Assets at $9.86M.
AI Summary
Interlink Electronics Inc. reported its Q2 2024 results, with total assets valued at $9.86 million as of June 30, 2024. The company's financial statements for the period ending June 30, 2024, were filed on August 8, 2024. Key financial figures include retained earnings and additional paid-in capital, with specific amounts for the quarter and year-to-date periods.
Why It Matters
This filing provides investors with the latest financial performance and position of Interlink Electronics Inc., crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial data, not indicating immediate operational or financial distress.
Key Numbers
- $9.86M — Total Assets (As of June 30, 2024)
- 20240630 — Fiscal Period End (Quarterly reporting period)
- 20240808 — Filing Date (Date the 10-Q was submitted)
Key Players & Entities
- INTERLINK ELECTRONICS INC (company) — Filer
- 0001410578-24-001230 (filing_id) — Accession Number
- 20240630 (date) — Period of Report
- 20240808 (date) — Filing Date
- $9.86 million (dollar_amount) — Total Assets as of June 30, 2024
FAQ
What were Interlink Electronics Inc.'s total assets as of June 30, 2024?
As of June 30, 2024, Interlink Electronics Inc. reported total assets of $9,860,368.
When was the 10-Q filing for the period ending June 30, 2024, submitted?
The 10-Q filing for the period ending June 30, 2024, was submitted on August 8, 2024.
What is the Standard Industrial Classification (SIC) code for Interlink Electronics Inc.?
The SIC code for Interlink Electronics Inc. is 3577, which corresponds to Computer Peripheral Equipment, NEC.
What is the company's state of incorporation?
Interlink Electronics Inc. is incorporated in Nevada (NV).
What was the company's retained earnings as of June 30, 2024?
The filing indicates retained earnings for the period ending June 30, 2024, with a value of $6,573,570.
Filing Stats: 4,512 words · 18 min read · ~15 pages · Grade level 17.6 · Accepted 2024-08-08 16:25:32
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share LINK The Nasdaq
Filing Documents
- link-20240630x10q.htm (10-Q) — 1891KB
- link-20240630xex31d1.htm (EX-31.1) — 12KB
- link-20240630xex31d2.htm (EX-31.2) — 12KB
- link-20240630xex32d1.htm (EX-32.1) — 8KB
- 0001410578-24-001230.txt ( ) — 7316KB
- link-20240630.xsd (EX-101.SCH) — 38KB
- link-20240630_cal.xml (EX-101.CAL) — 60KB
- link-20240630_def.xml (EX-101.DEF) — 152KB
- link-20240630_lab.xml (EX-101.LAB) — 395KB
- link-20240630_pre.xml (EX-101.PRE) — 283KB
- link-20240630x10q_htm.xml (XML) — 1382KB
-- 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 23 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 29 Item 4.
Controls and Procedures
Controls and Procedures 30
-- OTHER INFORMATION
PART II -- OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 31 Item 5. Other Information 31 Item 6. Exhibits 32
Signatures
Signatures 33 2 Table of Contents
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements INTERLINK ELECTRONICS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) June 30, December 31, 2024 2023 (in thousands, except par value) ASSETS Current assets Cash and cash equivalents $ 3,960 $ 4,304 Accounts receivable, net 1,477 2,167 Inventories 2,555 2,476 Prepaid expenses and other current assets 303 381 Total current assets 8,295 9,328 Property, plant and equipment, net 254 313 Intangible assets, net 2,251 2,654 Goodwill 2,438 2,461 Right-of-use assets 814 143 Deferred tax assets 86 83 Other assets 103 80 Total assets $ 14,241 $ 15,062 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 360 $ 464 Accrued liabilities 429 492 Lease liabilities, current 259 126 Accrued income taxes 392 293 Total current liabilities 1,440 1,375 Long-term liabilities Lease liabilities, long term 592 33 Deferred tax liabilities 540 626 Total long-term liabilities 1,132 659 Total liabilities 2,572 2,034 Commitments and contingencies (Note 9) — — 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 June 30, 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 June 30, 2024 and December 31, 2023 10 10 Additional paid-in-capital 62,284 62,279 Accumulated other comprehensive income 84 200 Accumulated deficit ( 50,711 ) ( 49,463 ) Total stockholders' equity 11,669 13,028 Total liabilities and stockholders' equity $ 14,241 $ 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)