Interlink Electronics Reports Q3 2025 Results

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Interlink Electronics, Inc., a global leader in sensor technology and printed electronic solutions, reported results for the third quarter ended September 30, 2025.

Q3 2025 and Recent Highlights

• Revenue Growth: Increased revenue 11% year-over-year to $3.0 million. This marks the Company’s second consecutive quarter of delivering double-digit year-over-year revenue growth.
• Optimized Capital Structure: Converted all outstanding Series A Convertible Preferred Stock into common stock, eliminating overhang and enhancing alignment with shareholders. Additionally, the Company issued a 50% common stock dividend, further enhancing liquidity and strengthening shareholder value.
• Secured Two Major Design Wins: In October, the Company received a $200,000 SBIR Phase 1 grant from the U.S. Food & Drug Administration (FDA) to advance electrochemical sensors for food-safety and quality monitoring. In September, Interlink was awarded a $175,000 SBIR grant from the United States Department of Agriculture (USDA) to develop an AI-powered food quality & safety monitoring system.
• Continued Momentum in Inorganic Growth Opportunities: Signed Letter of Intent to acquire a U.K.-based engineering and manufacturing company, strengthening Interlink’s European footprint and capabilities alongside its 2023 acquisition of Calman Technology. The Company continues to evaluate a growing pipeline of acquisition opportunities actively and will pursue transactions that align with long-term shareholder value.

Management Commentary

“The third quarter represented another step forward for Interlink,” said Steven N. Bronson, Chairman, President, and CEO. “We delivered our second consecutive quarter of double-digit year-over-year revenue growth, reflecting strong execution and growing demand across our core sensor and printed electronics platforms. In parallel, we secured two competitive U.S. government SBIR grants, underscoring our leadership in innovation and the expanding applicability of our technologies in new markets such as food quality and safety.

“We also took important steps to strengthen our balance sheet and enhance shareholder alignment by converting all outstanding Series A Convertible Preferred Stock into common stock and issuing a 50% common-stock dividend. These actions simplify our capital structure, improve liquidity, and further position Interlink for sustained growth.

“Looking ahead, we are entering 2026 from a position of strength. With momentum across our product lines, a growing base of strategic partnerships, and an expanding pipeline of acquisition opportunities, we believe the coming year will be a transformative period for Interlink as we move toward consistent profitability and scale.

Revenue for the third quarter of 2025 increased 11% to $3.0 million, compared to $2.7 million in the third quarter of 2024. The year‑over‑year growth was driven by higher shipments of the Company’s force-sensing products and printed electronics at its Calman Technology subsidiary, partially offset by lower sales of gas‑sensor products. Revenue continues to fluctuate in response to changes in customer demand, which can vary with order flow and production cycles, affecting both the timing and volume of shipments.

Gross margin for the third quarter of 2025 was 41.8%, a 40-basis-point increase from the third quarter of last year. The improvement is primarily due to higher revenue and favorable changes in product mix.

Net loss for the third quarter of 2025 was $336,000, an improvement compared to a net loss of $523,000 in the year‑ago period. The improvement in net loss was driven by higher revenue and slightly lower operating expenses.

Adjusted EBITDA, a non‑GAAP financial measure, was $(62,000), an improvement compared to $(248,000) in the prior‑year period.