What caused LINK's EPS to surge in late 2024?

The EPS of Interlink Electronics (LINK) did not surge in late 2024; in fact, the company reported a loss of 6 cents per share for the quarter ended September 30, 2024, which is lower than the same quarter last year.

1. **Revenue Decline**: The company's revenue for the quarter was approximately $2.7 million, which is a decrease of 13% from the prior-year quarter. This decline in revenue, coupled with changes in product mix, impacted the gross margin, which was 41.4% for the current quarter compared to 47.4% in the prior-year quarter.
2. **Gross Margin Impact**: The decline in sales and changes in product mix also impacted the gross margin, which was 41.4% for the current quarter compared to 47.4% in the prior-year quarter. This indicates that the company's profitability has been affected by operational factors.
3. **Operating Expenses**: The company's operating expenses were higher than the gross profit, resulting in a loss from operations of $476,000. This suggests that the company's expenses were not well-managed, which could have contributed to the negative EPS.
4. **Comparing with Previous Quarters**: If we compare the EPS of the fourth quarter of 2024 with the previous quarter's EPS, it shows a decline. For instance, the second quarter of 2024 had an EPS of -0.04, while the fourth quarter had an EPS of -0.06. This indicates a downward trend in profitability over the course of the year.

In conclusion, the EPS of Interlink Electronics did not surge in late 2024; instead, it was negative and lower than the previous year's EPS. The company's revenue decline, gross margin impact, operating expenses, and declining profitability over the course of the year are the key factors that contribute to this conclusion.