olivLaw · US equity research
Interlink Electronics, Inc. LINK
Computer Peripheral Equipment, NEC · SIC 3577 · Vertical: Computer Peripheral Equipment, NEC (SIC 3577)
Interlink Electronics develops force sensors, piezoelectric sensors and electrochemical gas sensors for human-machine interfaces and IoT applications, with plants in China, Scotland and California. It returned to net profit in the second quarter of 2026 on higher sales, and an acquisition announced in May 2026 could substantially change its scale if completed as planned, with revenue of 6.84 million USD in the first half of 2026.
At the close of 04 Nov 2026, Interlink Electronics, Inc. (LINK) stock was 3.32 USD (−5.14% on the day), with market capitalisation 52.3 m USD, beta 1.06, 52-week range 2.75–5.98 USD. Latest reported quarter (Q2 2026): revenue of 3.8 m USD (+10.4% YoY), net income of 248.0 k USD (+148.0% YoY), diluted EPS 0.02 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 25.4
- oversold (≤ 30)
- Bollinger (20, 2)
- 3.33 – 5.01
- below the lower band · %B -0.01 · band width 40.3%
- SMA 50 / 200
- 4.96 / 4.15
- mixed trend
- MACD (12, 26, 9)
- -0.41 / -0.35
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −44.5% | −1.1% | −43.4 pp | — |
| 3 months | −27.0% | −0.5% | −26.5 pp | — |
| 6 months | −3.8% | +4.4% | −8.2 pp | — |
| Year to date | −14.4% | +12.3% | −26.7 pp | — |
| 1 year | −40.4% | +13.5% | −53.9 pp | −16.4% |
| 3 years | −11.2% | +76.4% | −87.6 pp | +6.8% |
| 5 years | −15.3% | +63.7% | −79.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7 m | 3.0 m | 2.7 m | 3.4 m | 3.0 m | 2.9 m | 3.1 m | 3.8 m |
| Cost of revenue | 1.6 m | 1.8 m | 1.7 m | 1.9 m | 1.7 m | 1.9 m | 1.7 m | 2.1 m |
| Gross profit | 1.1 m | 1.2 m | 949.0 k | 1.5 m | 1.2 m | 905.0 k | 1.3 m | 1.7 m |
| Research & development | 486.0 k | 480.0 k | 434.0 k | 363.0 k | 354.0 k | 353.0 k | 303.0 k | 262.0 k |
| SG&A | 1.1 m | 1.2 m | 1.4 m | 1.1 m | 1.2 m | 1.3 m | 1.5 m | 1.2 m |
| Operating income | -476.0 k | -510.0 k | -849.0 k | 66.0 k | -313.0 k | -733.0 k | -450.0 k | 246.0 k |
| Depreciation & amortisation | 231.0 k ≈ | 206.0 k | 219.0 k | 232.0 k ≈ | 233.0 k ≈ | 223.0 k | 219.0 k | 186.0 k ≈ |
| Pre-tax income | -495.0 k | -446.0 k | -844.0 k | 91.0 k | -310.0 k | -743.0 k | -390.0 k | 231.0 k |
| Income tax | 28.0 k | -33.0 k | -39.0 k | -9.0 k | 26.0 k | -169.0 k | -52.0 k | -17.0 k |
| Net income | -523.0 k | -413.0 k | -805.0 k | 100.0 k | -336.0 k | -574.0 k | -338.0 k | 248.0 k |
| Diluted EPS | -0.04 | -0.03 ≈ | -0.06 | 0.01 ≈ | -0.03 | -0.04 ≈ | -0.02 | 0.02 |
| Operating cash flow | -68.0 k ≈ | -223.0 k | -271.0 k | -138.0 k ≈ | 653.0 k ≈ | -356.0 k | -543.0 k | -286.0 k ≈ |
| Capex | 87.0 k ≈ | 70.0 k | 29.0 k | 5.0 k ≈ | 3.0 k ≈ | 19.0 k | — | — |
| Share repurchases | 0 ≈ | — | — | — | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.2 m | 7.3 m | 6.9 m | 7.5 m | 7.5 m | 13.9 m | 11.7 m | 11.9 m |
| Revenue YoY | −6.2% | unavailable | −5.7% | +8.6% | +0.2% | +86.0% | −16.2% | +1.8% |
| Net income | 1.3 m | -457.0 k | 113.0 k | -734.0 k | 1.7 m | -383.0 k | -2.0 m | -1.6 m |
| Net income YoY | −56.4% | unavailable | unavailable | −749.6% | unavailable | −122.9% | unavailable | unavailable |
| Diluted EPS | unavailable | -0.07 | 0.02 | -0.12 | 0.13 | -0.08 | -0.16 | -0.13 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | −700.0% | unavailable | −161.5% | unavailable | unavailable |
| net % | 11.3% | -6.3% | 1.6% | -9.8% | 22.3% | -2.7% | -17.0% | -13.6% |
| Free cash flow | 1.7 m | -139.0 k | 32.0 k | 72.0 k | -957.0 k | -239.0 k | -544.0 k | -168.0 k |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 2.7 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 9.2 m USD
- Total assets
- 11.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 3.79x
- ROE
- -16.4%
- ROA
- -13.0%
- FCF margin
- -1.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 6.9 m | 7.5 m | 7.5 m | 13.9 m | 11.7 m | 11.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 3.0 m | 3.4 m | 3.6 m | 7.4 m | 6.8 m | 7.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 3.9 m | 4.1 m | 3.9 m | 6.6 m | 4.8 m | 4.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Research & development | 918.0 k | 893.0 k | 1.2 m | 2.3 m | 2.1 m | 1.5 m | SEC (XBRL)· 26 Mar 2026verified |
| SG&A | 2.9 m | 3.2 m | 3.3 m | 4.7 m | 4.8 m | 5.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | 110.0 k | -79.0 k | -668.0 k | -439.0 k | -2.1 m | -1.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 293.0 k | 281.0 k | 248.0 k | 863.0 k | 892.0 k | 907.0 k | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | 403.0 k ≈ | 202.0 k ≈ | -420.0 k ≈ | 424.0 k ≈ | -1.2 m ≈ | -922.0 k ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Pre-tax income | 18.0 k | -129.0 k | 1.9 m | -275.0 k | -2.0 m | -1.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | -95.0 k | 605.0 k | 271.0 k | 108.0 k | 27.0 k | -191.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Net income | 113.0 k | -734.0 k | 1.7 m | -383.0 k | -2.0 m | -1.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | 0.02 | -0.12 | 0.13 | -0.08 | -0.16 | -0.13 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 6.6 m | 6.6 m | 9.9 m | 9.9 m | 14.8 m | 14.9 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.1 m | 10.8 m | 10.1 m | 4.3 m | 3.0 m | 2.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 1.1 m | 1.1 m | 1.2 m | 2.2 m | 1.6 m | 1.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 866.0 k | 814.0 k | 2.1 m | 2.5 m | 2.0 m | 1.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 8.5 m | 13.1 m | 13.7 m | 9.3 m | 6.9 m | 6.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 407.0 k | 338.0 k | 184.0 k | 313.0 k | 411.0 k | 474.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Goodwill | — | — | 650.0 k | 2.5 m | 2.7 m | 2.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Intangibles (excl. goodwill) | 195.0 k | 131.0 k | 76.0 k | 2.7 m | 1.9 m | 1.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 10.0 m | 13.8 m | 15.0 m | 15.1 m | 13.1 m | 11.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 235.0 k | 338.0 k | 273.0 k | 464.0 k | 573.0 k | 985.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Short-term debt | 186.0 k | — | — | — | — | — | SEC (XBRL)· 17 Mar 2021verified |
| Current liabilities | 1.0 m | 1.0 m | 1.1 m | 1.4 m | 1.4 m | 1.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 1.2 m | 1.1 m | 1.1 m | 2.0 m | 2.6 m | 2.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 8.8 m † | 12.7 m † | 13.8 m † | 13.0 m † | 10.5 m † | 9.2 m † | SEC (XBRL)· 26 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 39.0 k | 231.0 k | -915.0 k | -116.0 k | -367.0 k | -112.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 7.0 k | 159.0 k | 42.0 k | 123.0 k | 177.0 k | 56.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | 32.0 k ≈ | 72.0 k ≈ | -957.0 k ≈ | -239.0 k ≈ | -544.0 k ≈ | -168.0 k ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | -90.0 k | -159.0 k | 735.0 k | -4.9 m | -491.0 k | -56.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 186.0 k | 4.5 m | -350.0 k | -750.0 k | -400.0 k | -91.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Share repurchases | — | — | — | 350.0 k | — | — | SEC (XBRL)· 25 Mar 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 52.3 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 40.7% | 2 (on a fixed band) | 15% |
| EBIT margin · Quality | -9.9% | 38 (vs peers) | 12% |
| FCF margin · Quality | -4.4% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 16.6% | 67 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 1.8% | 18 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 4.6x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -1.1% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth50/100 · 2/2 factors with a value
- Quality12/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
INTERLINK ELECTRONICS, INC (LINK). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 11.9 m USD in 2025; YoY growth 1.8%; net margin -7.9%; ROE -10.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 4.6x
What contradicts it
- Gross margin: 40.7%
- FCF margin: -4.4%
- Revenue growth (YoY): 1.8%
- FCF yield: -1.1%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Computer Peripheral Equipment, NEC (SIC 3577) · same industry (4-digit SIC) · compared with 17 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PANWPalo Alto Networks, Inc. | 284.7 bn | 870.1 | 1.7% | 2.7% | +24.5% | +83% / +136% |
| FTNTFortinet, Inc. | 95.1 bn | 42.1 | 153.1% | 29.0% | +14.2% | +59% / +146% |
| LOGILogitech International S.A. | 14.2 bn | 18.1 | 38.2% | 16.4% | +6.3% | −11% / +14% |
| CRSRCorsair Gaming, Inc. | 1.4 bn | 41.4 | 5.8% | 2.5% | +11.9% | +104% / +3% |
| EVLVEvolv Technologies Holdings, Inc. | 871.2 m | — | -4.9% | -3.0% | +40.5% | −25% / +20% |
| MITKMitek Systems, Inc. | 861.4 m | 40.7 | 9.2% | 11.4% | +4.4% | +115% / +69% |
| SSYSStratasys Ltd. | 587.3 m | — | -12.7% | -18.9% | −3.7% | −22% / −38% |
| IMMRImmersion Corporation | 237.8 m | 21.6 | 3.5% | 0.6% | +11.2% | +1% / +10% |
| RDCMRadcom Ltd. | 168.7 m | 14.3 | 11.4% | 16.8% | +17.2% | −22% / +29% |
| XRXXerox Holdings Corp | 155.0 m | — | -128.0% | -11.9% | +12.9% | −58% / −92% |
| MYNDMynd.ai, Inc. | 126.0 m | — | -995.5% | -32.2% | −37.2% | −56% / −97% |
| INVEInve Technologies, Inc. | 64.0 m | — | -10.9% | -62.9% | −19.3% | −22% / −62% |
| TACTTransact Technologies Inc | 54.4 m | — | -1.3% | -0.8% | +18.7% | +19% / −22% |
| LINKInterlink Electronics, Inc | 52.3 m | — | -10.5% | -7.9% | +1.8% | −40% / −11% |
| WETHWetouch Technology Inc. | 11.6 m | 1.2 | 6.0% | 17.6% | +6.8% | −57% / unavailable |
| AIMDAinos, Inc. | 5.4 m | — | -196.3% | -106,283.3% | +499.0% | −65% / −95% |
| YIBOPlanet Image International Limited | — | — | -14.4% | -5.3% | +3.6% | +5% / unavailable |
| VTIXVirtuix Holdings Inc. | — | — | — | -543.2% | +18.4% | unavailable / unavailable |
1- and 3-year price returns: for LINK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Interlink Electronics develops force sensors, piezoelectric sensors and electrochemical gas sensors for human-machine interfaces and IoT applications, with plants in China, Scotland and California. It returned to net profit in the second quarter of 2026 on higher sales, and an acquisition announced in May 2026 could substantially change its scale if completed as planned, with revenue of 6.84 million USD in the first half of 2026 23.
SWOT
Strengths
- The company holds a patented force-sensing technology and more than four decades of printed electronics experience 1.
- Vertical integration of manufacturing and in-house software allow customized solutions with stronger margins 1.
- The company reported no indebtedness at the end of 2025 and eliminated its preferred dividend 1.
Weaknesses
Opportunities
- If the announced acquisition is completed, the company could substantially expand its operations and revenue 3.
- Standard gas-sensor launches and digital modules could open new customers in safety and monitoring 3.
- Conductive textiles and wearables could create new medical and automotive applications 1.
Risks
- Customer concentrationhigh
A few large customers generate an important share of revenue, and losing one could seriously affect results 1.
- Supply chainhigh
Raw materials are bought without long-term fixed-price contracts, and some components come from a single supplier 1.
- Acquisition integration riskmedium
Completion and integration of the acquisition announced in May 2026 depend on closing conditions not yet met 3.
- Debt financingmedium
The company is exploring debt financing for the acquisition and working capital, which could add fixed payment obligations 3.
- China exposure and trade policymedium
Force-sensor manufacturing in Shenzhen exposes the company to tariffs and yuan fluctuations against the dollar 1.
Investment thesis
What would need to be true (bull case)
- Revenue grew in the first half of 2026 and the company returned to profit in the second quarter, suggesting an improving operating trend 23.
- If the acquisition closes as planned, the company's scale could increase sharply, and its high gross margin could support earnings 3.
- The force, piezoelectric and gas sensor portfolio offers several growth directions in IoT and medical applications 1.
What would break the thesis
- The company remains small, with quarterly revenue below one million USD in some periods and losses in 2025, leaving little margin for error 13.
- Dependence on a few customers and non-binding orders can make revenue volatile from one quarter to the next 1.
- The announced acquisition and possible debt financing could introduce integration risks and obligations not yet quantified 3.
What to watch
- Completion of the acquisition announced in May 2026 and its closing conditionsend of October 2026
- Debt financing arrangement for the acquisition and working capitalQ4 2026
- Launch of standard-package electrochemical gas sensors and digital instrumentsautumn 2026
- Annual 10-K with full-year 2026 results and customer concentrationnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Interlink Electronics is a global provider of advanced sensing technologies and printed electronics solutions that enable human-machine interface (HMI) devices and Internet-of-Things (IoT) applications 1. Its portfolio includes force and touch sensors, piezoelectric sensors, textile-based sensors and electrochemical gas sensors, plus instruments and integrated systems 1. Traditionally the company relied on the FSR® technology it invented and on custom solutions for OEM customers, with long design cycles and multi-year production programs 1.
Acquisitions extended the company beyond force sensors: Calman in 2023 for membrane keypads and printed electronics, Conductive Transfers in 2024 for conductive textiles, and SPEC Sensors and KWJ Engineering in 2022 for gas sensors 1. Manufacturing is vertically integrated across Shenzhen, Irvine (Scotland), Fremont and Camarillo, with headquarters in Fremont, California 1.
The company converted its preferred stock into common stock in October 2025, eliminating an 8.0% annual cumulative dividend, a cash saving of 400,000 USD per year, and had no indebtedness at 31 December 2025 1. To finance the announced acquisition, management is exploring debt financing options 3.
Segments
Force, touch and printed electronics (HMI)
This segment includes FSR® sensors, piezoelectric sensors, Calman membrane keypads and conductive textiles, used in vehicle entry, industrial controls and medical devices 1. In the first half of 2026 sales rose, supported by higher shipments of force-sensing and printed electronics products 3.
Gas and environmental sensors
These are miniaturized electrochemical gas sensors and air quality and safety instruments, developed after the SPEC Sensors and KWJ Engineering acquisitions 1. In 2026 the company launched digital I2C modules covering more than 15 gases and plans standard-package electrochemical sensors, but sales in this area fell in the second quarter 3.
Market context
The HMI market is dominated by capacitive sensors with low margins, while force sensors target niches where deliberate activation, ruggedness and low power are needed 1. The gas-sensor market grows with environmental regulation, smart-city development and air quality awareness, while traditional industrial safety remains the core demand base 1. Gross margin reached 44.0% in the first half of 2026 versus 40.9% in 2025, and the standard products segment was 36.1% of second-quarter 2026 revenue 23.
Trends
- Printed electronics and smart textilestailwind
Demand for smart surfaces, thin flexible sensors and wearables could open new applications for the conductive transfer technology acquired in 2024 1. Success depends on adoption by OEM customers.
- Rising demand for gas monitoringtailwind
Environmental regulation, smart cities and air quality awareness could support demand for compact, low-cost electrochemical sensors 1.
- Trade policy and tariffsheadwind
Changes in US trade policy, especially toward China, could raise costs and delay shipments for part of the company's production 1.
- Customer production cyclesmixed
OEM customer orders are unpredictable and can be cancelled or reduced, making half-year revenue sensitive to project timing 12.
Competitive position
The HMI sensor market competes with capacitive sensor makers and generic component suppliers, who dominate high-volume products at lower margins 1. In gas sensing the company competes with traditional electrochemical sensors, which are larger and more costly, and which Interlink presents as less attractive alternatives 1.
The analysed sources do not name specific competitors, so market shares or pricing cannot be compared from these documents 123. The advantage the company cites is customization and integration of hardware, firmware and software 1.
- Capacitive touchscreen sensor makers
Competitors in high-volume touch sensors, described as lower-margin solutions that do not measure force directly 1.
- Traditional electrochemical gas sensor makers
Suppliers of larger and more costly gas sensors, which Interlink presents as less compact alternatives 1.
- Generic HMI component suppliers
Makers of standard components that can compete on lower-margin products, as described in the report 1.
- Membrane keypad and printed electronics suppliers
Competitors in custom keypads, where Calman brought expertise from 2023 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report13 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report13 Aug 2026
- Current report20 May 2026Shareholder vote
- Current report14 May 2026Results of operations · Financial statements and exhibits
- Quarterly report14 May 2026
- Proxy statement02 Apr 2026
- Current report26 Mar 2026Results of operations · Departure or appointment of officers · Financial statements and exhibits
- Annual report26 Mar 2026
- Current report04 Dec 2025Other events
- Current report13 Nov 2025Termination of a material agreement
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Interlink Electronics, Inc. · 26 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Interlink Electronics, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Interlink Electronics, Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.