Earnings: Interlink Electronics, Second Sight
Summary
The Westlake Village sensor technology company reported net income of $118,000 (2 cents a share) on revenue of $2.6 million for the quarter ending March 31. In a release, the company attributed the 11 percent drop in revenue to the loss of a major customer who implemented a design change to their automotive product. “For example, our recent attainment of ISO 13485 Certification has exciting implications for sensor technology development in the medical device market.” The quarterly results were released Wednesday. The Sylmar medical device firm, which has developed a prosthetic retina that can restore a form of vision in blind patients, had a net loss of $9.8 million (-17 cents a share) during the quarter ended March 31, compared to a net loss of $7.5 million (-16 cents) in the same quarter a year ago. The company attributed its widening losses to larger expenses for research and development, regulatory matters and sales.
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