Interlink Electronics income up for third quarter
Interlink Electronics in Westlake Village announced a 22.7 percent increase in revenues for its third quarter to $3.2 million, with earnings per basic and diluted share of 8 cents.
Net income for the quarter rose from $458,000 in the third quarter last year to $614,000 in the third quarter this year, a 34 percent gain. For the first nine months of the year, net income was $2 million, up from $1.2 million last year, or 27 cents per basic and diluted share.
The gains are attributable to investments in the company’s cost structure, said CEO Steven Bronson, keeping expenses low.
As of Sept. 30, the company had $6.2 million in cash on hand with no debt. The company’s stock remained flat at $9.51 per share at 11:45 a.m. Nov. 10 after the morning announcement.
• Contact Marissa Nall at mnall@pacbiztimes.com.
