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Article: Interlink Electronics, Inc. Expects Record Revenues But Anticipates a Loss for the Fourth Quarter.
- Article from:
- Business Wire
- Article date:
- December 17, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CAMARILLO, Calif--(BUSINESS WIRE)--Dec. 17, 1997--Interlink Electronics, Inc. (NASDAQ: LINK), announced today that, despite its expectation that fourth quarter revenues will increase over the prior quarter for the 11th consecutive quarter, it anticipates that it will record a loss for the quarter as a result of costs associated with the introduction of products based on its new "VersaPad(tm)" technology.
The loss is currently forecast to be between $750,000 and $1 million and could exceed that amount.
"The principal reason for the loss relates to lower than anticipated yields in the manufacture of initial production quantities of our new VersaPad ...