As Interlink Electronics teeters on the brink of positive cash flow, Kevin Wiley has taken the reins as the firm
The Camarillo-based company sells a line of e-signature systems to the financial industry and makes touch-sensitive pads for major cell phone manufacturers. The company took major steps to shore up its balance sheets last summer when it raised $5 million in a round of convertible notes and sold a portion of its business for $11.5 million.
In May, Interlink tightened its belt, cutting 14 full-time employees and 30 part-time employees, a move expected to generate $2 million in savings. Although the company has experienced a negative cash flow for five fiscal years, the losses have narrowed. It expects to return to profitability by the end of this year.