INTERLINK ELECTRONICS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
LINK$3.30+3.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| · 2024 · 2023 | ||||||
| | | (in thousands) | ||||
| Cash flows from operating activities: | | | | | | |
| Net income (loss) | $(1,571) | $65 | ||||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | |
| Depreciation and amortization | | | 686 | | | 266 |
| Stock-based compensation expense | | | 27 | | | 15 |
| Adjustment to reconcile operating lease expense to cash paid | | | 48 | | | 11 |
| Deferred income taxes | | | (123) | | | — |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable | | | 1,013 | | | 229 |
| Inventories | | | 19 | | | (158) |
| Prepaid expenses and other assets | | | 115 | | | 103 |
| Accounts payable | | | (99) | | | (72) |
| Accrued liabilities | | | (61) | | | (231) |
| Accrued income taxes | | | (198) | | | (73) |
| Net cash provided by (used in) operating activities | | | (144) | | | 155 |
| Cash flows from investing activities: | | | | | | |
| Acquisition of Calman Technology Limited, net of cash acquired | | | — | | | (4,278) |
| Purchases of property, plant and equipment | | | (107) | | | (44) |
| Net cash (used in) investing activities | | | (107) | | | (4,322) |
| Cash flows from financing activities: | | | | | | |
| Payment of dividends on preferred stock | | | (300) | | | (300) |
| Repurchases of common stock | | | — | | | (350) |
| Net cash (used in) financing activities | | | (300) | | | (650) |
| | | | | | | |
| Effect of exchange rate changes on cash | | | 57 | | | (67) |
| Net (decrease) in cash and cash equivalents | | | (494) | | | (4,884) |
| Cash and cash equivalents, beginning of period | | | 4,304 | | | 10,091 |
| Cash and cash equivalents, end of period | $3,810 | $5,207 | ||||
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | | |
| Income taxes paid, net | $367 | $331 | ||||
| Interest paid | | | — | | | — |
| | | | | | | |
| Supplemental disclosure of non-cash investing and financing activities: | | | | | | |
| Lease liabilities arising from obtaining right-of-use assets | | $1,186 | | $55 | ||
Notes to Condensed Consolidated Financial Statements
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