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Interlink Electronics Reports Sizeable Profits for the First Quarter

Interlink Electronics, a leading global trusted service provider in the field of human-machine learning and force-sensing technologies has recorded sizable profits for the first quarter of 2021. The company’s annual profits have slashed around 7% from the previous year’s record. Net revenue was estimated to be around $1.6 million, and the gross margin has substantially been consistent over the past few years.

“We have seen a strong rebound in demand for our products during the first quarter leading to a robust sales pipeline across multiple industries and based on current momentum we expect to show year over year revenue growth for the remainder of 2021,” said Steven N. Bronson, Chairman, President, and CEO of Interlink Electronics.

Previous year’s gross margin has bolstered the company’s profits and it stood at 56 percent. The company revoked its listing with NASDAQ back in March 2021. Revenues have substantially declined from last year’s levels and the company is jotting a plan to overcome the constraints in the revenue.

The growth has been precinct due to their services leading to a robust sales pipeline across multiple industries. The remainder of 2021 could be overseen as a growth momentum prospect as the company plans to exceed its limits of investment to intensify the profitable business in terms of year-on-year revenues. The company delivered to its promise of being back in the ball game of NASDAQ Capital Markets, which has been a proliferation for the investors and the shareholders of Interlink Electronics.

The company is focused on putting more emphasis on forward-looking statements. Forward-looking statements include phrases like think, anticipates, believes, and do not limit the company’s views on future financial performances.

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