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INTERLINK ELECTRONICS ANNOUNCES SECOND QUARTER RESULTS

 CAMARILLO, Calif., Aug. 10 /PRNewswire/ -- Interlink Electronics (NASDAQ: LINK, LINKW) today announced its financial results for the second quarter ended June 30, 1993.
 For the recent quarter, revenues increased 84 percent to $1,215,021 from $658,498 for the like quarter a year ago. The company reported a loss of $944,570 or 86 cents per share for the second quarter compared to a loss of $436,206 or $2.29 per share for the like period last year.
 The recent per share comparisons are based on 1,103,068 weighted average common shares outstanding compared to only 190,405 shares last year. This was due to the company's initial public offering of 1.5 million shares of common stock (including overallotment options) at $5.50 per unit this past June and the concurrent conversion of preferred stock and other interests.
 For the first six months of this year, revenues were up 46 percent to $2,278,347 from $1,558,574. The company reported a loss of $1,889,348 or $2.85 per share for the first half, compared to a loss of $489,145 or $2.57 per share for the first half of last year.
 The first half per share figures were calculated on 663,403 weighted average common shares outstanding compared to only 189,968 shares for the first half last year.
 "We are pleased with our revenue growth for the first half and believe we are on track to more than double our product sales for 1993 to the $5 million-$6 million level," said E. Michael Thoben, president of Interlink Electronics. "As expected, our recent losses were due to start-up costs associated with the new products and our recent move to our Camarillo headquarters, but most significantly, more than $1 million (equal to $1.51 per share) in one-time, non-cash finance charges related to equity issued in connection with recent bridge loans and conversion of the PortaPoint(TM) Participation Interests."
 Standard Products represented 33 percent or $743,247 of total sales during the first half of this year. These products currently consist of the company's PortaPoint and DuraPoint(TM) products, none of which existed a year ago. PortaPoint was introduced in November of 1992 while DuraPoint was launched in February of this year.
 PortaPoint is a revolutionary computer pointing device containing Interlink's proprietary VersaPoint(TM) technology. This product offers clear advantages over existing trackball and "mice" technology. DuraPoint, which also contains Interlink's VersaPoint technology, is a "ruggedized" computer pointing device impervious to moisture, chemicals and other contaminants, targeted at commercial, industrial and medical markets.
 "We expect to launch two new products in our Standard Products segment in the near future. The first will be a desktop version of our PortaPoint product. The other will be ProPoint(TM), a remote pointing device targeting the presentation and multimedia markets," Thoben said.
 The company's balance sheet remains strong, with total assets of $7.7 million, $5.6 million in working capital and virtually no long-term debt.
 Based in Camarillo, Interlink Electronics designs, develops, manufactures and sells Force Sensing Resistors (FSRs) and complete products utilizing its proprietary FSR technology.
 INTERLINK ELECTRONICS
 FINANCIAL SUMMARY
 Three Months Ended Six Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Revenues $1,215,021 $658,498 $2,278,347 $1,558,574
 Loss $944,570 $436,206 $1,889,348 $489,145
 Per Share $.86 $2.29 $2.85 $2.57
 Weighted Average
 Shares 1,103,068 190,405 663,403 189,968
 -0- 8/10/93
 /CONTACT: Carl Thompson of Carl Thompson Associates Inc., 303-494-5472/
 (LINK)


CO: Interlink Electronics ST: California IN: CPR SU: ERN

MC -- DV005 -- 1323 08/10/93 15:56 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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