Interlink Electronics, Inc.
LINK Technology Electronic Components
Interlink Electronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.9 million, up 1.81% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS grew 130.9% and free cash flow fell 100.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Interlink Electronics, Inc. (LINK) Beneish M-score
Interlink Electronics, Inc.'s Beneish M-score for fiscal 2025 is −3.21; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −3.21 | 0.02 |
| FY2024 | −3.23 | (2.99) |
| FY2023 | −0.24 | 0.65 |
| FY2022 | −0.89 | 2.15 |
| FY2021 | −3.04 | (0.92) |
| FY2020 | −2.12 | 0.98 |
| FY2017 | −3.10 | (6.63) |
| FY2016 | 3.53 | 6.54 |
| FY2015 | −3.01 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.94 | — | 0.86 | |
| Gross margin index | 1.07 | — | 0.56 | |
| Asset quality index | 0.95 | — | 0.39 | |
| Sales growth index | 1.02 | — | 0.91 | |
| Depreciation index | 1.04 | — | 0.12 | |
| SG&A index | 1.00 | — | −0.17 | |
| Total accruals to total assets | (0.13) | — | −0.60 | |
| Leverage index | 1.34 | — | −0.44 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.21 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| WBX Wallbox N.V. compare | −4.9× |
| DAIO Data I/O Corporation compare | −3.5× |
| LINK Interlink Electronics, Inc. | −3.2× |
| HOLO MicroCloud Hologram Inc. compare | −2.9× |
| CPSH CPS Technologies Corp. compare | −2.8× |
| ELTK Eltek Ltd. compare | −2.0× |
| DSWL Deswell Industries, Inc. compare | −1.8× |
| KULR KULR Technology Group, Inc. compare | 3.1× |
| REFR Research Frontiers Incorporated compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI