8-K
Interlink Electronics Inc (LINK)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): March 25, 2026
INTERLINK ELECTRONICS, INC.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 001-37659 | 77-0056625 |
|---|---|---|
| (State or Other Jurisdiction | (Commission | (IRS Employer |
| of Incorporation) | File Number) | Identification No.) |
| 48389 Fremont Blvd., Suite 110 | ||
| --- | --- | |
| Fremont, California | 94538 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(510) 244-0424
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br> Symbol(s) | Name of each exchange<br> on which registered |
|---|---|---|
| Common Stock, $0.001 par value | LINK | The NASDAQ Stock Market LLC |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 2.02. | Results of Operations and Financial Condition. |
|---|
On March 26, 2026, Interlink Electronics, Inc. announced its financial results for the quarter ended December 31, 2025. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02 of Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
|---|
On March 25, 2026, the Compensation Committee of our Board of Directors approved the payment of discretionary bonuses to Steven N. Bronson, our Chief Executive Officer, and Ryan J. Hoffman, our Chief Financial Officer, in the amounts of $60,000 and $20,000, respectively, for their performance during the fiscal year ended December 31, 2025.
| Item 9.01 | Financial Statements and Exhibits. |
|---|---|
| (d) | Exhibits |
| --- | --- |
The following exhibits are filed as part of this Current Report on Form 8-K:
| Exhibit<br><br> Number | Description |
|---|---|
| 99.1 | Press Release Issued by Interlink Electronics, Inc. dated March 26, 2026. |
| 104 | Cover Page Interactive Data File for this Current Report on Form 8-K (formatted as Inline XBRL and contained in Exhibit 101) |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 26, 2026 | INTERLINK ELECTRONICS, INC. | |
|---|---|---|
| By: | /s/ Ryan J. Hoffman | |
| Ryan J. Hoffman | ||
| Chief Financial Officer |
3
Exhibit 99.1
Interlink Electronics Reports Fourth Quarter2025 Results
FREMONT, Calif., Mar. 26, 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 fourth quarter ended December 31, 2025.
Q4 2025 and Recent Highlights
| · | Recently began volume production of a custom piezoelectric sensor solution<br>now deployed in the rapidly expanding autonomous vehicle market. |
|---|---|
| · | Now shipping a second-generation custom FSR solution for a leading robotic-assisted<br>surgery platform. |
| --- | --- |
| · | Continued expansion of our presence as a trusted provider of printed electrode<br>solutions in the healthcare diagnostics market. |
| --- | --- |
| · | Added two Senior Business Development Directors in January 2026 to drive<br>organic growth in North America and Europe. |
| --- | --- |
| · | Successful conversion of our preferred stock into common stock in October 2025,<br>eliminating $400,000 of preferred stock dividends annually. |
| --- | --- |
“We are excited about our momentum with both new and existing customers,” said Steven N. Bronson, Chairman, President, and CEO. “We are confident that we are well-positioned for organic growth in 2026 and 2027. In addition, we are actively pursuing acquisitions.”
Consolidated Financial Results
(Amounts in thousands except per share data and percentages)
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ∆ | % ∆ | 2025 | 2024 | ∆ | % ∆ | |||||||||||||||
| Revenue | $ | 2,853 | $ | 2,986 | ) | (4.5 | )% | $ | 11,890 | $ | 11,679 | 1.8 | % | |||||||||
| Gross profit | $ | 905 | $ | 1,183 | ) | (23.5 | )% | $ | 4,630 | $ | 4,846 | ) | (4.5 | )% | ||||||||
| Gross margin | 31.7 | % | 39.6 | % | 38.9 | % | 41.5 | % | ||||||||||||||
| (Loss) from operations | $ | (733 | ) | $ | (510 | ) | ) | $ | (1,829 | ) | $ | (2,050 | ) | |||||||||
| Net (loss) | $ | (574 | ) | $ | (413 | ) | ) | $ | (1,615 | ) | $ | (1,984 | ) | |||||||||
| Net (loss) applicable to common stockholders | $ | (607 | ) | $ | (513 | ) | ) | $ | (1,948 | ) | $ | (2,384 | ) | |||||||||
| Earnings (loss) per common share – diluted | $ | (0.04 | ) | $ | (0.03 | ) | ) | $ | (0.13 | ) | $ | (0.16 | ) | |||||||||
| Adjusted EBITDA | $ | (511 | ) | $ | (233 | ) | ) | $ | (885 | ) | $ | (1,072 | ) |
All values are in US Dollars.
Revenue for the fourth quarter of 2025 decreased 5% to $2.85 million, compared to $2.99 million in the fourth quarter of 2024. The year-over-year decline was driven by lower shipments of the Company’s force-sensing products, partially offset by higher sales of its gas-sensor products and printed electronics at its Calman Technology subsidiary. Revenue fluctuates 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 fourth quarter of 2025 was 31.7%, versus 39.6% for the fourth quarter of last year. The decline is primarily due to lower revenue and changes in the mix of our products and services, and also in part due to strengthened Chinese yuan relative to the US dollar which increased the cost of our production activities in China.
Net loss for the fourth quarter of 2025 was $574,000, compared to a net loss of $413,000 in the year-ago period. The increase in net loss was driven by lower revenue and gross margin.
Adjusted EBITDA, a non-GAAP financial measure, was $(511,000), versus $(233,000) in the prior-year period.
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; and Irvine, Scotland.
For more information, please visit www.InterlinkElectronics.com.
Forward Looking Statements
This release contains “forward-looking statements” withinthe meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generallyidentified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements in our press releases include statements aboutour projected financial and operating performance, our acquisition program, our strategy and prospects, and our opportunities for organicgrowth and synergies. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertaintiesand other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are basedupon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledgeand assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertaintiesthat could affect the company’s forward-looking statements include, among other things, the following: our success in predictingnew markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developmentsand 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 proprietaryintellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials forour products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations includingfluctuations in exchange rates and tariffs; compliance with regulatory requirements applicable to our manufacturing operations; and customerconcentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-lookingstatements are described under the captions “Risk Factors” and “Management’s Discussion and Analysis of FinancialCondition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filedwith the Securities and Exchange Commission. Forward-looking statements are made as of the date of the respective release, and we expresslydisclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future eventsor 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.
We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results, such as amortization expense related to our recent acquisitions. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.
There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.
Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184
INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
| December 31, | December 31, | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| (in thousands, except par value) | ||||||
| ASSETS | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 2,724 | $ | 2,950 | ||
| Accounts receivable, net | 1,542 | 1,612 | ||||
| Inventories | 1,801 | 2,009 | ||||
| Prepaid expenses and other current assets | 236 | 328 | ||||
| Total current assets | 6,303 | 6,899 | ||||
| Property, plant and equipment, net | 474 | 411 | ||||
| Intangible assets, net | 1,333 | 1,874 | ||||
| Goodwill | 2,586 | 2,658 | ||||
| Right-of-use assets | 760 | 1,064 | ||||
| Deferred tax assets | 202 | 82 | ||||
| Other assets | 80 | 128 | ||||
| Total assets | $ | 11,738 | $ | 13,116 | ||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||
| Current liabilities | ||||||
| Accounts payable | $ | 985 | $ | 573 | ||
| Accrued liabilities | 330 | 377 | ||||
| Lease liabilities, current | 324 | 352 | ||||
| Accrued income taxes | 24 | 88 | ||||
| Total current liabilities | 1,663 | 1,390 | ||||
| Long-term liabilities | ||||||
| Lease liabilities, long term | 493 | 777 | ||||
| Deferred tax liabilities | 361 | 456 | ||||
| Total long-term liabilities | 854 | 1,233 | ||||
| Total liabilities | 2,517 | 2,623 | ||||
| Stockholders’ equity | ||||||
| Preferred stock | — | 2 | ||||
| Common stock | 16 | 15 | ||||
| Additional paid-in-capital | 62,594 | 62,308 | ||||
| Accumulated other comprehensive income | 406 | 15 | ||||
| Accumulated deficit | (53,795 | ) | (51,847 | ) | ||
| Total stockholders’ equity | 9,221 | 10,493 | ||||
| Total liabilities and stockholders’ equity | $ | 11,738 | $ | 13,116 |
INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |||||||||
| (in thousands, except per share data) | ||||||||||||
| Revenue | $ | 2,853 | $ | 2,986 | $ | 11,890 | $ | 11,679 | ||||
| Cost of revenue | 1,948 | 1,803 | 7,260 | 6,833 | ||||||||
| Gross profit | 905 | 1,183 | 4,630 | 4,846 | ||||||||
| Operating expenses: | ||||||||||||
| Engineering, research and development | 353 | 480 | 1,504 | 2,052 | ||||||||
| Selling, general and administrative | 1,285 | 1,213 | 4,955 | 4,844 | ||||||||
| Total operating expenses | 1,638 | 1,693 | 6,459 | 6,896 | ||||||||
| (Loss) from operations | (733 | ) | (510 | ) | (1,829 | ) | (2,050 | ) | ||||
| Other income (expense), net | (10 | ) | 64 | 23 | 93 | |||||||
| (Loss) before income taxes | (743 | ) | (446 | ) | (1,806 | ) | (1,957 | ) | ||||
| Income tax expense (benefit) | (169 | ) | (33 | ) | (191 | ) | 27 | |||||
| Net (loss) | $ | (574 | ) | $ | (413 | ) | $ | (1,615 | ) | $ | (1,984 | ) |
| Net (loss) applicable to common stockholders | $ | (607 | ) | $ | (513 | ) | $ | (1,948 | ) | $ | (2,384 | ) |
| Earnings (loss) per common share – basic and diluted | $ | (0.04 | ) | $ | (0.03 | ) | $ | (0.13 | ) | $ | (0.16 | ) |
| Weighted average common shares outstanding – basic and diluted | 15,289 | 14,796 | 14,924 | 14,793 |
INTERLINK ELECTRONICS, INC.
RECONCILIATION OF CONSOLIDATED NET LOSS TOCONSOLIDATED ADJUSTED EBITDA
(unaudited)
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |||||||||
| (in thousands) | ||||||||||||
| Net (loss) | $ | (574 | ) | $ | (413 | ) | $ | (1,615 | ) | $ | (1,984 | ) |
| Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA): | ||||||||||||
| Interest (income) | (2 | ) | (8 | ) | (20 | ) | (54 | ) | ||||
| Income tax expense (benefit) | (169 | ) | (33 | ) | (191 | ) | 27 | |||||
| Depreciation expense | 49 | 32 | 190 | 143 | ||||||||
| Amortization expense | 177 | 182 | 717 | 753 | ||||||||
| EBITDA | (519 | ) | (240 | ) | (919 | ) | (1,115 | ) | ||||
| Adjustments to arrive at Adjusted EBITDA: | ||||||||||||
| Stock-based compensation expense | 8 | 7 | 34 | 43 | ||||||||
| Adjusted EBITDA | $ | (511 | ) | $ | (233 | ) | $ | (885 | ) | $ | (1,072 | ) |