Estados financieros detallados de Interlink Electronics, Inc. (LINK): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Interlink Electronics, Inc. registró ingresos de $11.9M en el último ejercicio fiscal, con un CAGR de 5 años del 11.5%.
Márgenes de los últimos 12 meses: margen bruto 37.1%, margen operativo -9.9%, margen neto -7.9%.
Al precio actual de $5.10, LINK presenta beneficios negativos (P/E no significativo) y un ROE del -17.51%. La capitalización bursátil es de $80M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $11.9M | $11.2M | $8.9M | $7.3M | $6.9M | $7.5M | $7.5M | $13.9M | $11.7M | $11.9M |
| Coste de Ventas | $4.9M | $4.3M | $4.0M | $4.0M | $3.3M | $3.4M | $3.6M | $7.4M | $6.8M | $8.2M |
| Beneficio Bruto | $7.0M | $6.9M | $4.9M | $3.3M | $3.6M | $4.1M | $3.9M | $6.6M | $4.8M | $3.7M |
| I+D | $623000 | $829000 | $908000 | $916000 | $625000 | $893000 | $1.2M | $2.3M | $2.1M | $597000 |
| Generales y Administrativos | $3.5M | $3.9M | $3.2M | $2.6M | $2.9M | $3.2M | $3.3M | $4.7M | $4.8M | $5.0M |
| Gastos Operativos | $4.2M | $4.7M | $4.2M | $3.5M | $3.5M | $4.1M | $4.5M | $7.0M | $6.9M | $5.6M |
| Beneficio Operativo | $2.8M | $2.1M | $750000 | -$214000 | $110000 | -$79000 | -$668000 | -$439000 | -$2.0M | -$1.8M |
| EBITDA | $2.9M | $2.3M | $949000 | $52000 | $524000 | $137000 | $1.9M | $588000 | -$1.1M | -$899000 |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $2.9M | $2.1M | $810000 | -$175000 | $18000 | -$129000 | $1.9M | -$275000 | -$2.0M | -$1.8M |
| Impuestos | -$6000 | $874000 | $188000 | $282000 | -$95000 | $605000 | $271000 | $108000 | $27000 | -$191000 |
| Beneficio Neto | $2.9M | $1.3M | $622000 | -$457000 | $113000 | -$734000 | $1.7M | -$383000 | -$2.0M | -$1.6M |
| BPA | $0.39 | $0.17 | $0.09 | $-0.05 | $0.02 | $-0.11 | $0.19 | $-0.08 | $-0.24 | $-0.13 |
| BPA Diluido | $0.39 | $0.17 | $0.09 | $-0.05 | $0.02 | $-0.11 | $0.19 | $-0.08 | $-0.24 | $-0.13 |
| Acciones en Circulación (Diluidas) | $7.4M | $7.4M | $6.6M | $9.9M | $6.6M | $6.6M | $6.6M | $9.9M | $9.9M | $14.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $3.0M | $2.9M | $3.1M | $3.8M |
| Beneficio Bruto | $1.0M | $679000 | $1.3M | $1.7M |
| Beneficio Operativo | -$313000 | -$733000 | -$450000 | $246000 |
| EBITDA | -$79000 | -$517000 | -$231000 | $432000 |
| Beneficio Neto | -$336000 | -$574000 | -$338000 | $248000 |
| BPA | $-0.03 | $-0.04 | $-0.02 | $0.02 |
| BPA Diluido | $-0.03 | $-0.04 | $-0.02 | $0.02 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $6.0M | $7.8M | $6.1M | $5.8M | $6.1M | $10.8M | $10.1M | $4.3M | $3.0M | $2.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.7M | $1.4M | $780000 | $730000 | $1.1M | $1.1M | $1.2M | $2.2M | $1.6M | $1.5M |
| Inventario | $1.3M | $1.2M | $1.1M | $927000 | $866000 | $814000 | $2.1M | $2.5M | $2.0M | $1.8M |
| Activos Corrientes | $9.4M | $10.7M | $8.3M | $7.8M | $8.5M | $13.1M | $13.7M | $9.3M | $6.9M | $6.3M |
| Inmovilizado Material | $310000 | $525000 | $701000 | $836000 | $741000 | $501000 | $356000 | $456000 | $1.5M | $1.2M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | $650000 | $2.5M | $2.7M | $2.6M |
| Activos Intangibles | $44000 | $69000 | $121000 | $171000 | $195000 | $131000 | $76000 | $2.7M | $1.9M | $1.3M |
| Activos Totales | $10.5M | $11.8M | $9.6M | $9.3M | $10.0M | $13.8M | $15.0M | $15.1M | $13.1M | $11.7M |
| Cuentas por Pagar | $324000 | $255000 | $304000 | $218000 | $235000 | $338000 | $273000 | $464000 | $573000 | $985000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | $186000 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $873000 | $703000 | $627000 | $687000 | $1.0M | $1.0M | $1.1M | $1.4M | $1.4M | $1.7M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $873000 | $703000 | $627000 | $761000 | $1.2M | $1.1M | $1.1M | $2.0M | $2.6M | $2.5M |
| Reservas | -$50.7M | -$49.4M | -$48.8M | -$49.3M | -$49.2M | -$50.0M | -$48.7M | -$49.5M | -$51.8M | -$53.8M |
| Patrimonio Neto | $9.6M | $11.1M | $9.0M | $8.6M | $8.8M | $12.7M | $13.8M | $13.0M | $10.5M | $9.2M |
| Deuda Total | 0 | 0 | 0 | $220000 | $545000 | $175000 | $177000 | $159000 | $1.1M | $817000 |
| Deuda Neta | -$6.0M | -$7.8M | -$6.1M | -$5.6M | -$5.6M | -$10.6M | -$9.9M | -$4.1M | -$1.8M | -$1.9M |
| Capital Circulante | $8.5M | $10.0M | $7.6M | $7.1M | $7.5M | $12.0M | $12.6M | $8.0M | $5.5M | $4.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.0M | $2.7M | $2.1M | $1.8M |
| Activos Totales | $12.1M | $11.7M | $11.1M | $11.2M |
| Pasivos Totales | $2.4M | $2.5M | $2.4M | $2.2M |
| Patrimonio Neto | $9.6M | $9.2M | $8.7M | $9.0M |
| Deuda Total | $905000 | $817000 | $723000 | $1.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $2.9M | $1.3M | $622000 | -$457000 | $113000 | -$734000 | $1.7M | -$383000 | -$2.0M | -$1.6M |
| Amortizaciones | $65000 | $190000 | $155000 | $443000 | $293000 | $281000 | $248000 | $863000 | $892000 | $907000 |
| Compensación en Acciones | $119000 | $122000 | $102000 | $75000 | $26000 | $20000 | $15000 | $15000 | $34000 | $43000 |
| Cambio en Capital Circulante | -$1.2M | $474000 | $677000 | -$59000 | -$402000 | $332000 | -$263000 | -$539000 | $808000 | $984000 |
| Flujo de Caja Operativo | $1.9M | $2.0M | $1.6M | $2000 | $39000 | $231000 | -$915000 | -$116000 | -$367000 | -$112000 |
| Inversiones (CapEx) | -$230000 | -$429000 | -$383000 | -$233000 | -$90000 | -$159000 | -$42000 | -$123000 | -$177000 | -$56000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | -$1.7M | -$4.8M | -$314000 | 0 |
| Recompra de Acciones | 0 | 0 | -$2.8M | -$6000 | 0 | 0 | 0 | -$350000 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | -$48000 | -$400000 | -$400000 | -$400000 | -$333000 |
| Flujo de Caja Libre | $1.7M | $1.6M | $1.2M | -$231000 | -$51000 | $72000 | -$957000 | -$239000 | -$544000 | -$168000 |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $653000 | -$356000 | -$543000 | -$286000 |
| Inversiones (CapEx) | -$3000 | -$19000 | 0 | -$1000 |
| Flujo de Caja Libre | $650000 | -$375000 | -$543000 | -$287000 |
| Dividendos Pagados | -$100000 | -$33000 | 0 | 0 |
| Compensación en Acciones | $22000 | $7000 | $7000 | $7000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -6.2% | -20.2% | -18.0% | -5.7% | +8.6% | +0.2% | +86.0% | -16.2% | +1.8% |
| Crecimiento Beneficio Neto (anual) | | -56.4% | -50.6% | -173.5% | +124.7% | -749.6% | +327.8% | -122.9% | -418.0% | +18.6% |
| Crecimiento BPA (anual) | | -56.4% | -44.3% | -149.2% | +142.9% | -650.0% | +272.7% | -141.7% | -203.0% | +45.8% |
| Cambio en Acciones (anual) | | +0.2% | -11.4% | +50.3% | -33.2% | +0.0% | +0.0% | +49.7% | -0.3% | +51.3% |
| Crecimiento FCF (anual) | | -2.4% | -26.0% | -119.3% | +77.9% | +241.2% | -1429.2% | +75.0% | -127.6% | +69.1% |
| Margen Bruto | 58.9% | 61.5% | 55.1% | 45.3% | 52.4% | 54.3% | 51.5% | 47.1% | 41.5% | 31.3% |
| Margen Operativo | 24.0% | 19.2% | 8.4% | -2.9% | 1.6% | -1.1% | -8.9% | -3.1% | -17.6% | -15.4% |
| Margen EBITDA | 24.5% | 20.9% | 10.7% | 0.7% | 7.6% | 1.8% | 25.9% | 4.2% | -9.1% | -7.6% |
| Margen Neto | 24.3% | 11.3% | 7.0% | -6.3% | 1.6% | -9.8% | 22.3% | -2.7% | -17.0% | -13.6% |
| Margen FCF | 13.9% | 14.5% | 13.4% | -3.2% | -0.7% | 1.0% | -12.8% | -1.7% | -4.7% | -1.4% |
| Tasa Impositiva Efectiva | -0.2% | 41.0% | 23.2% | -161.1% | -527.8% | -469.0% | 13.9% | -39.3% | -1.4% | 10.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.22 | $0.22 | $0.18 | $-0.02 | $-0.01 | $0.01 | $-0.14 | $-0.02 | $-0.06 | $-0.01 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.06 | $0.04 | $0.04 | $0.02 |
| Acciones en Circulación (Básicas) | $7.3M | $7.3M | $6.6M | $9.8M | $6.6M | $6.5M | $6.6M | $9.9M | $9.9M | $14.9M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -17.51% |
| Rentabilidad sobre capital invertido | -15.73% |
| Rentabilidad sobre activos | -13.76% |
| Margen bruto | 37.09% |
| Margen operativo | -9.88% |
| Margen neto | -7.90% |
Salud financiera
| Deuda / Patrimonio | 0.11 |
| Ratio corriente | 4.58 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 8.00 | 13.65 | 9.86 | -45.28 | 200.00 | -39.09 | 19.11 | -71.72 | -17.33 | -29.85 |
| P/VC | 2.38 | 1.53 | 0.68 | 2.42 | 2.99 | 2.20 | 1.73 | 4.31 | 3.91 | 6.28 |
| P/V | 1.92 | 1.53 | 0.69 | 2.83 | 3.83 | 3.74 | 3.20 | 4.03 | 3.51 | 4.87 |
| Margen Bruto | 58.9% | 61.5% | 55.1% | 45.3% | 52.4% | 54.3% | 51.5% | 47.1% | 41.5% | 31.3% |
| Margen Operativo | 24.0% | 19.2% | 8.4% | -2.9% | 1.6% | -1.1% | -8.9% | -3.1% | -17.6% | -15.4% |
| Margen Neto | 24.3% | 11.3% | 7.0% | -6.3% | 1.6% | -9.8% | 22.3% | -2.7% | -17.0% | -13.6% |