Interlink Electronics Q3 2024 Financial Update
Ticker: LINK · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 828146
Sentiment: neutral
Topics: financials, quarterly-report, balance-sheet
TL;DR
Interlink Electronics Q3 2024: Assets $9.86M, Liabilities $6.57M. Share repurchases and capital changes noted.
AI Summary
Interlink Electronics Inc. reported its third-quarter results for the period ending September 30, 2024. The company's financial statements show total assets of $9.86 million and total liabilities of $6.57 million for the nine months ended September 30, 2024. The filing also references share repurchase programs and changes in additional paid-in capital and common stock.
Why It Matters
This filing provides insight into Interlink Electronics' financial health and operational performance during the third quarter of 2024, which can influence investor decisions.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative developments highlighted.
Key Numbers
- $9.86M — Total Assets (As of September 30, 2024, for the nine-month period.)
- $6.57M — Total Liabilities (As of September 30, 2024, for the nine-month period.)
Key Players & Entities
- Interlink Electronics Inc. (company) — Filer of the 10-Q report.
- 20240930 (date) — End of the reporting period for the 10-Q.
- $9.86 million (dollar_amount) — Total assets for the nine months ended September 30, 2024.
- $6.57 million (dollar_amount) — Total liabilities for the nine months ended September 30, 2024.
FAQ
What was Interlink Electronics Inc.'s net income or loss for the third quarter of 2024?
The provided excerpt does not contain specific net income or loss figures for the third quarter of 2024.
What is the total value of Interlink Electronics Inc.'s share repurchase programs mentioned?
The filing mentions share repurchase programs from May 2023 and December 2022, but the total authorized or remaining value is not specified in this excerpt.
How did 'Additional Paid In Capital' change during the third quarter of 2024?
The filing indicates activity related to 'Additional Paid In Capital' for the period July 1, 2024, to September 30, 2024, but the specific change amount is not detailed in this excerpt.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3577, which corresponds to 'COMPUTER PERIPHERAL EQUIPMENT, NEC'.
When was Interlink Electronics Inc. incorporated or last changed its name?
The company was incorporated in Nevada (NV), and its former name was Interlink Electronics, with a date of name change on 19940525.
Filing Stats: 4,506 words · 18 min read · ~15 pages · Grade level 17.8 · Accepted 2024-11-07 16:53:04
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share LINK The Nasdaq
Filing Documents
- link-20240930x10q.htm (10-Q) — 1889KB
- link-20240930xex31d1.htm (EX-31.1) — 11KB
- link-20240930xex31d2.htm (EX-31.2) — 11KB
- link-20240930xex32d1.htm (EX-32.1) — 8KB
- 0001410578-24-001798.txt ( ) — 7246KB
- link-20240930.xsd (EX-101.SCH) — 40KB
- link-20240930_cal.xml (EX-101.CAL) — 59KB
- link-20240930_def.xml (EX-101.DEF) — 152KB
- link-20240930_lab.xml (EX-101.LAB) — 406KB
- link-20240930_pre.xml (EX-101.PRE) — 284KB
- link-20240930x10q_htm.xml (XML) — 1330KB
-- 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 30 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) September 30, December 31, 2024 2023 (in thousands, except par value) ASSETS Current assets Cash and cash equivalents $ 3,810 $ 4,304 Accounts receivable, net 1,174 2,167 Inventories 2,494 2,476 Prepaid expenses and other current assets 243 381 Total current assets 7,721 9,328 Property, plant and equipment, net 314 313 Intangible assets, net 2,175 2,654 Goodwill 2,565 2,461 Right-of-use assets 1,155 143 Deferred tax assets 87 83 Other assets 104 80 Total assets $ 14,121 $ 15,062 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 367 $ 464 Accrued liabilities 436 492 Lease liabilities, current 351 126 Accrued income taxes 100 293 Total current liabilities 1,254 1,375 Long-term liabilities Lease liabilities, long term 870 33 Deferred tax liabilities 531 626 Total long-term liabilities 1,401 659 Total liabilities 2,655 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 September 30, 2024 and December 31, 2023 ( $ 5.0 million liquidation preference) 2 2 Common stock, $ 0.001 par value: 30,000 shares authorized, 9,864 shares issued and outstanding at September 30, 2024; 9,860 shares issued and outstanding at December 31, 2023 10 10 Additional paid-in-capital 62,306 62,279 Accumulated other comprehensive income 482 200 Accumulated deficit ( 51,334 ) ( 49,463 ) Total stockholders' equity 11,466 13,028 Total liabilities and stockholders' equity $ 14,121 $ 15,062 See accompanying notes to these unaudited condensed consolidated financial statements. 3 Table of Contents INTERLINK ELECTRONICS, INC. CONDENSED CO