Interlink Electronics Inc. reported fourth quarter earnings growth.
The Westlake Village touch sensor technology company posted net income of $785,000 (14 cents a share) for the quarter ended Dec. 31, compared with $41,000 (1 cent) in the same period a year earlier. Revenue increased 47 percent to $3 million.
The company’s revenue guidance had been $2.9 million.
For the full year, Interlink reported net income of $1.6 million (27 cents a share) compared with $12,000 (0 cents) in the prior year. Revenue increased 36 percent to $10.3 million. Guidance had been for net income of $1.5 million and revenue of $10.2 million.
Interlink makes touchpads and computer mouse products for rugged environments, such as oil refineries, automobile assembly lines and machine shops. It also serves the medical-device market.
Shares did not trade and closed at $9 on the over-the-counter market.
Mission Valley Bancorp on Thursday reported unaudited year-end results showing its assets dropped 2 percent to $265 million.
The Sun Valley holding company, which operates Mission Valley Bank, posted net income of $1.7 million for the year, but did not provide a comparison to the prior year.
The community bank also saw net loan growth of $20.6 million, or 12.3 percent, but net interest income decreased by 3.4 percent as maturing and renewed loans were re-priced at lower rates. It also said income from less traditional revenue streams such as accounts receivable financing grew 18 percent to $3.2 million.
The bank total risk-based asset portfolio was reported at 18.5 percent, far exceeding federal guidelines for the metric.
Earlier this month, the bank approved its first-ever dividend payment to stockholders. The bank will pay 5 cents a share on or about March 27 to shareholders of record as of March 16.
Shares closed down 17 cents, or 2.7 percent, to $6.13 in over-the-counter trading.