FREMONT, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Interlink Electronics, Inc. (Nasdaq: LINK) ("Interlink" or the "Company"), a global leader in sensor technology and printed electronic solutions, today reported results for the second quarter ended June 30, 2026.

Q2 2026 and Recent Highlights

   -- Revenues increased 10% for the second quarter of 2026 and 13% for the 
      first half of 2026 over the comparable 2025 periods, driven by higher 
      shipments of our force-sensing and printed electronics products. Gross 
      profit and Adjusted EBITDA increased as a result of higher revenues. 
 
   -- We currently expect the strategic acquisition announced in May 2026 to be 
      completed by the end of October 2026, subject to customary closing 
      conditions. The planned acquisition is expected to significantly expand 
      our operations and increase our revenues and earnings. We are exploring 
      various debt financing options to support our acquisition strategy and 
      our working capital needs. 
 
   -- We have expanded our gas sensing solutions with new miniaturized, 
      factory-calibrated digital output (I2C) gas sensor modules, offering easy 
      integration for over 15 gases. In the coming weeks, we plan to launch 
      high-performance electrochemical sensors in an industry-standard 4-series 
      package for common gases such as carbon monoxide, hydrogen sulfide, and 
      ozone. We are also introducing two advanced digital sensor instruments 
      for single and dual gas detection, supporting both pumped and 
      diffusion-based detection. 
 
   -- We will showcase our latest sensing technologies at several major events, 
      including the WT Conference USA (September 15-16, Mountain View, CA), 
      where we will present 'Functional Electronics Without Wires: The 
      Evolution of Conductive Transfer Technology' on September 15 at 3:55 p.m. 
      We will also exhibit at Electronica (November 10-13, Munich, Germany), a 
      leading global technology conference. 
 
   -- We will also attend the following investor conferences: LD Micro Main 
      Event (October 19-21, Los Angeles, CA) and Benchmark One-on-One 
      Conference (December 10, New York, NY). At each event, we will highlight 
      our expanding product portfolio, key commercial milestones, and the 
      strategic initiatives driving our growth. 

"We continue to make progress toward achieving our organic and acquisition growth objectives," said Steven N. Bronson, Chairman, President, and CEO. "We expect the pending acquisition will be a transformative event for the Company on its path toward continued growth."

Consolidated Financial Results

(Amounts in thousands except per share data and percentages)

 
 
                     Three Months Ended June 30,              Six Months Ended June 30, 
                   2026        2025       $      %         2026        2025       $      % 
 -------------  ----------  ----------  ----  --------  ----------  ----------  ----  -------- 
Revenue         $3,770      $3,414      $356  10.4%     $6,844      $6,078      $766  12.6% 
Gross profit    $1,672      $1,538      $134   8.7%     $3,008      $2,487      $521  20.9% 
Gross margin      44.4%       45.0%                       44.0%       40.9% 
Income (loss) 
 from 
 operations     $  246      $   66                      $ (204)     $ (783) 
Net income 
 (loss)         $  248      $  100                      $  (90)     $ (705) 
Net income 
 (loss) 
 applicable to 
 common 
 stockholders   $  248      $   --                      $  (90)     $ (905) 
Earnings 
 (loss) per 
 common share 
 -- diluted     $ 0.02      $   --                      $(0.01)     $(0.06) 
Adjusted 
 EBITDA         $  421      $  323                      $  255      $ (300) 
 
 

Revenue for the second quarter of 2026 increased 10% to $3.77 million, compared to $3.41 million in the second quarter of 2025, and for the first half of 2026 increased 13% to $6.84 million, compared to $6.08 million in the first half of 2025. The increases were driven by higher shipments of the Company's force-sensing and printed electronics products, partially offset by lower sales of its gas--sensor products. Revenues fluctuate periodically 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 second quarter of 2026 was 44.4%, a slight decrease from 45.0% for the second quarter of 2025. Gross margin for the first half of 2026 was 44.0%, compared with 40.9% for the first half of 2025. The increase in gross margin for the first half of 2026 was due to higher revenue and changes in the mix of our products and services.

Net income/loss for the second quarter of 2026 was income of $248,000, compared to income of $100,000 in same quarter last year, and for the first half of 2026 was a loss of $90,000, compared to a loss of $705,000 in the first half of 2025. The improvements in net income/loss were driven primarily by higher revenue and gross profit.

Adjusted EBITDA, a non--GAAP financial measure, for the second quarter of 2026 was $421,000, versus $323,000 in the same quarter last year, and for the first half of 2026 was $255,000, versus $(300,000) in the first half of 2025.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers' unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our advanced printed electronics and materials science laboratory in Camarillo, California; and our advanced printed-electronics manufacturing facilities in Shenzhen, China; Irvine, Scotland; and Sheffield, England.

For more information, please visit www.InterlinkElectronics.com.

Forward Looking Statements

This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements in our press releases include statements about consummation of the pending acquisition and its expected impact on growth, our projected financial and operating performance, our acquisition program, our strategy and prospects, and our opportunities for organic growth and synergies. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the company's industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company's forward-looking statements include, among other things, the following: the failure to satisfy closing conditions for the pending acquisition; integration risks for acquired businesses; our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates and tariffs; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of the respective release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measure

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles ("GAAP"), we use the following non-GAAP financial measure: Adjusted EBITDA. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for stock-based compensation expense.