Curious about Interlink Electronics net worth? Let’s dive into how key product lines like force-sensing resistors and gas-sensing solutions contribute to their finances.
I’m here, as Ando Money, to break down the company’s financials and offer clear insights. From revenue shifts to product development, we’ll uncover the essential factors driving their performance.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Interlink Electronics, Inc. |
| Full Name | Interlink Electronics |
| Website | www.interlinkelectronics.com |
| Industry | Sensors and Printed Electronics |
| Traded as | Nasdaq: LINK |
| Founded | April 30, 1996 |
| Founders | N/A |
| Country/Territory | United States |
| Headquarters | Irvine, California, U.S. |
| Chief Executive Officer | Steven N. Bronson |
| Number of Employees | N/A |
| Market Cap | $36.39 million (October 2024) |
| Total Assets | $14.2 million (June 2024) |
| Total Equity | $11.7 million (June 2024) |
| Revenue | $2.9 million (Q2 2024) |
| Net Income | -$307,000 (Q2 2024) |
What is the Net Worth/Market Cap Of Interlink Electronics in 2024?
As of October 2024, Interlink Electronics has a market cap of $36.39 million.
While this positions the company among mid-sized players, it’s important to note how their focus on force-sensing resistors and gas-sensing products affects their market valuation.
To better understand their positioning, here’s a comparison to similar companies in the sector. Additionally, explore the richest companies for a broader look at how businesses stack up.
Companies Related to Interlink Electronics:
- Calman Technology
- SPEC Sensors
- KWJ Engineering
- Gas Sensing Solutions
- Piezoelectric Films
- Human-Machine Interface Solutions
- Microsoft
- Printed Electronics Companies
- Air Quality Sensor Manufacturers
- IoT Device Manufacturers
Interlink Electronics Financial Performance Overview
Factors Contributing to Their Revenue
Interlink’s revenue drivers lie heavily in its force-sensing resistors and gas-sensing solutions, both integral to industries such as medical devices, automotive, and environmental monitoring.
Their Q2 2024 revenue of $2.9 million reflects a decline compared to the previous year, influenced largely by lower demand for traditional products. However, sales from their subsidiary, Calman Technology, have provided some balance.
As part of the growing IoT market, their printed electronics solutions are becoming increasingly crucial.
Key Product Lines Impacting Sales Performance
The core product lines of Interlink that impact their financials are primarily force-sensing resistors (FSRs) and gas-sensing solutions.
FSRs provide pressure and position sensing, making them critical in everything from medical robotics to automotive safety systems.
Their gas-sensing products, developed through their SPEC Sensors and KWJ Engineering acquisitions, target air quality solutions and environmental monitoring, fueling growth prospects.
Recent Acquisitions and Their Financial Impact
Acquisitions have played a strategic role in expanding Interlink’s revenue streams. The Calman Technology acquisition in 2023 is pivotal, bringing new products like membrane keypads and industrial labels to the forefront.
Additionally, the integration of SPEC Sensors and KWJ Engineering has strengthened their position in gas-sensing technology.
These acquisitions have not only expanded their product line but also influenced their financials through increased amortization expenses, as reflected in the $307,000 net loss for Q2 2024.
Global Expansion and Revenue Opportunities
Interlink is not only focusing on existing products but also expanding its reach globally.
Their strategic initiatives include opening a Bellevue, WA office, a new R&D center in Silicon Valley, and plans to establish a European sales office.
These expansions are set to drive new revenue streams by tapping into international markets, particularly in sectors demanding advanced sensing technology for industrial applications and environmental monitoring.
Product Development and Innovation Driving Growth
Interlink’s future growth is heavily reliant on its ability to innovate. The company continues to invest in new sensor technologies, particularly within the Internet-of-Things (IoT) sector.
Their gas-sensing solutions are particularly well-positioned to address the growing demand for air quality monitoring, which is becoming increasingly important as industries and governments prioritize environmental sustainability.
Cost-Saving Measures Enhancing Profit Margins
The financial performance of Interlink also reflects various cost-saving measures they’ve implemented to maintain profitability.
These include workforce right-sizing, strategic supplier changes, and inventory management. While revenue may have declined, gross margin for Q2 2024 improved by 490 basis points from Q1 due to these efficiencies.
The company expects these actions to yield $500,000 in annual savings, providing a buffer for future growth.
Strategic Financial Planning and Long-Term Growth Prospects
Looking ahead, Interlink is positioning itself for organic growth in 2025.
Key strategies include expanding into new markets and securing major contracts in the force-sensing and gas-sensing sectors.
With the new developments in IoT applications and air quality monitoring, Interlink is set to capitalize on emerging opportunities, reinforcing their financial health.
FAQs About Interlink Electronics
How has Interlink Electronics’ revenue changed in 2024?
Its revenue for Q2 2024 was $2.9 million, a 28% decline from the same period last year. This was mainly due to lower shipments of their traditional force-sensor and gas-sensor products.
What products drive Interlink Electronics’ revenue?
The key product lines include force-sensing resistors, printed electronics, and gas-sensing solutions. These products serve industries like medical devices, automotive, and environmental monitoring.
What acquisitions has Interlink Electronics made recently?
Interlink Electronics acquired Calman Technology in 2023 and integrated SPEC Sensors and KWJ Engineering, boosting their portfolio in gas-sensing technology and printed electronics.
What global expansion plans does Interlink Electronics have?
The company plans to expand its global footprint by opening a Bellevue, WA office, an R&D center in Silicon Valley, and a European sales office to tap into new markets.
What are Interlink Electronics’ strategies for future growth?
It is focusing on product innovation and market expansion. They plan to develop new sensor technologies, expand their presence in IoT, and pursue opportunities in air quality monitoring.
Conclusion
I’d love to hear your thoughts or answer any questions about Interlink Electronics.
Feel free to leave a comment, share this article, or explore more content on www.andomoney.com.
