Earnings: Interlink, Talon

Interlink Electronics Inc., the Westlake Village manufacturer of sensors, reported net income of $549,000 (7 cents a share) for the second quarter ended June 30, compared to income of $749,000 (10 cents) for the same period a year ago. Revenue in the quarter increased almost 7 percent to $3.3 million. No analysts follow the company. “Our financial performance in the second quarter of 2017 reflects another period of stable revenue, gross profit, net income and EBITDA (earnings before interest, taxes depreciation and amortization),” Chief Executive Steven Bronson said in a statement. “We anticipate revenues for the remainder of the year to be lower compared to the second half of 2016. This is due to a major customer making a design change to their product that eliminated the need for our solution. We expect new and existing customers to replace this revenue stream in 2018.” Bronson also said the company is “actively pursuing acquisitions” to expand technical capabilities and increase revenue. Interlink (LINK) shares closed Thursday down 3 cents, or less than 1 percent, to $8.30 on the Nasdaq. Talon International Inc., the zipper suppliers in Woodland Hills, reported net income of $604,000 (1 cent a share) for the second quarter ended June 30, compared to income of $958,000 (1 cents) for the same period a year ago. Quarterly revenue dropped nearly 11 percent to $12.9 million. No analysts follow the company. “The soft retail, brick-and-mortar apparel market negatively affected our second quarter performance,” Chief Executive Larry Dyne said in a statement. “While the environment may continue to be tough in the near future, we remain focused on our corporate initiatives. By leveraging existing relationships, we are building on new opportunities. … One of the areas of focus is increasing penetration of ecommerce retailers, such as subscription based services and sports licensing. In addition, our Tekfit stretch technology continues to be a unique and innovative product.” Talon (TALN) announced results after market close on Thursday. Shares closed flat at 8 cents on the over-the-counter market.