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Interlink Reports Increase in 4th-Quarter Revenues

Interlink Electronics in Camarillo said that fourth-quarter 1999 revenues reached $7.4 million, a 17% increase over fourth-quarter 1998 and a 3% rise over the third quarter of 1999.

Operating income for the three months increased 86% to $743,000, compared with $400,000 for the same period in 1998.

Net income increased to $646,000 or 9 cents per diluted share, compared with $353,000 or 7 cents per diluted share in the same quarter of the previous year.

Consolidated revenues for fiscal 1999 totaled $28.1 million, a 27% increase over 1998. Operating income for the year grew 175%, reaching $2.4 million versus $888,000 in 1998. Net income increased 424% to $2.1 million, with diluted earnings per share of 32 cents for the 12 months ended Dec. 31, compared with $402,000 and 8 cents per diluted share realized in 1998.

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Interlink is an original equipment manufacturer for Sony, IBM, Microsoft, NEC, Sharp, Toshiba, InFocus Systems and Mitsubishi. The company maintains offices in Camarillo and Tokyo.


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