Interlink Posts 19% Jump in 2nd-Quarter Revenue

Interlink Electronics Inc. in Camarillo reported revenue for the three months ended June 30 of $8.3 million, up 19% from $7 million in the second quarter of 1999.

Operating income for the quarter reached $851,000, a 48% increase from the $574,000 for 1999.

As a result of the cancellation of the company’s follow-on offering, the company recorded a one-time, nonoperating charge for expenses related to the offering of $769,000 or 7 cents per diluted share.

Excluding that charge and a related tax benefit, net income would have been $699,000 or 6 cents per diluted share, compared with $508,000 or 5 cents per diluted share for the same period in 1999.

With the charge, Interlink reported net income of $68,000 or 1 cent per diluted share.

Interlink Electronics develops interactive remote controls for business communications and home entertainment markets, electronic signature products for network and e-commerce uses, and computer pointing devices. Its manufacturing partners include NEC, InFocus, SONY, Microsoft, SHARP, Toshiba and Mitsubishi.