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Interlink Electronics revenues, profits up

By   /   Monday, May 16th, 2016  /   Comments Off on Interlink Electronics revenues, profits up

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Interlink Electronics reported a sharp increase in revenues and profits for the first quarter on May 16.

Westlake Village-based Interlink Electronics focuses on manufacturing sensors that are used in portable electronic devices. The company said revenues increased 24 percent during the quarter to $2.8 million; up from $2.3 million during the first quarter of 2016. Net income also rose from $274,000 last year to $606,000 this year.

Earnings per share doubled from 4 cents per share in 2015 to 8 cents per share in 2016. According to S&P Capital IQ, the company has a healthy profit margin of about 16.5 percent.

The company said during the quarter it began building a research and development office in Singapore and the company expects to move into the office sometime in July.

• Contact Philip Joens at [email protected].

 

 

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