SAN FRANCISCO, Nov. 12, 2026 (GLOBE NEWSWIRE) — Olema Oncology, Inc. (formerly Olema Pharmaceuticals, Inc.) (“Olema” or “Olema Oncology”, Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies for breast cancer and beyond, announced that, effective today, it has changed its corporate name from “Olema Pharmaceuticals, Inc.” to “Olema Oncology, Inc.” pursuant to the Company’s Eighth Amended and Restated Certificate of Incorporation filed with the Secretary of State of Delaware.

The Company’s common stock will continue to be listed and trade on the Nasdaq Global Select Market under the ticker symbol “OLMA.” Pursuant to Delaware law, no action was required by stockholders of the Company to effect the name change. Stock certificates reflecting the prior corporate name will continue to be valid.

About Olema Oncology
Olema Oncology is a clinical-stage biopharmaceutical company committed to transforming the standard of care and improving outcomes for patients living with breast cancer and beyond. Olema is advancing a pipeline of novel therapies by leveraging our deep understanding of endocrine-driven cancers, nuclear receptors, and mechanisms of acquired resistance. Our lead product candidate, palazestrant (OP-1250), is a proprietary, orally available complete estrogen receptor antagonist (CERAN) and a selective estrogen receptor degrader (SERD), currently in two Phase 3 clinical trials. In addition, Olema is developing OP-3136, a potent lysine acetyltransferase 6 (KAT6) inhibitor, now in a Phase 1 clinical study. Olema is headquartered in San Francisco and has operations in Cambridge, Massachusetts. For more information, please visit www.olema.com.

Media and Investor Relations Contact
Courtney O’Konek
Vice President, Corporate Communications
Olema Oncology
media@olema.com

Pending Transformative Acquisition Expected to Close in Q4

FREMONT, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Interlink Electronics, Inc. (Nasdaq: LINK) (“Interlink” or the “Company”), a global leader in sensor technology and printed electronic solutions, today reported its results for the quarter ended September 30, 2026.

Pending Transformative Acquisition

Subject to satisfactory completion of due diligence, execution of all necessary documentation, and availability of financing, we currently anticipate that the acquisition described in our May 11, 2026 release will close before year-end. This transformative transaction is projected to result in a combined $50 million in revenue and over $4 million in Adjusted EBITDA for 2026 on a pro forma basis.

Q3 2026 Highlights

  • We established a new 4,000-square-foot R&D center for next-generation smart functional textiles at the Advanced Manufacturing Park (AMP) in Rotherham, UK. The center will drive research, product development, and rapid prototyping using our award-winning Conductive Transfer process to build solutions that integrate sensors, microelectronics, and embedded intelligence for smart textile applications. Interlink joins a prestigious ecosystem at the AMP alongside industry leaders like Boeing, Rolls-Royce, and McLaren Automotive.
  • We also added a 10,000-square-foot facility adjacent to our Irvine, Scotland footprint, dedicated to high-volume conductive transfer printing and high-volume printed electrodes for medical and diagnostics applications. This expansion will enable us to serve the emerging opportunities in both the medical and wearables markets.

“We continue to invest in our business and take the necessary steps to drive long-term growth,” said Steven N. Bronson, Chairman, President, and CEO. “We feel confident that our existing technologies and capabilities, coupled with adding additional sales and marketing resources, will position us for organic growth in the coming years.”

Consolidated Financial Results

(Amounts in thousands except per share data and percentages)

      Three Months Ended September 30,
      Nine Months Ended September 30,
 
      2026         2025         $ ∆     % ∆         2026         2025         $ ∆   % ∆  
Revenue   $ 3,059       $ 2,959       $ 100     3.4   %   $ 9,903       $ 9,037       $ 866   9.6 %
Gross profit   $ 1,142       $ 1,238       $ (96 )   (7.8 ) %   $ 4,150       $ 3,725       $ 425   11.4 %
Gross margin     37.3   %     41.8   %                 41.9   %     41.2   %            
(Loss) from operations   $ (368 )     $ (313 )                 $ (572 )     $ (1,096 )              
Net (loss)   $ (316 )     $ (336 )                 $ (406 )     $ (1,041 )              
Net (loss) applicable to common stockholders   $ (316 )     $ (436 )                 $ (406 )     $ (1,341 )              
Earnings (loss) per common share – diluted   $ (0.02 )     $ (0.03 )                 $ (0.03 )     $ (0.09 )              
Adjusted EBITDA   $ (176 )     $ (61 )                 $ 79       $ (361 )              

Revenue for the third quarter of 2026 increased 3% to $3.06 million, compared to $2.96 million in the third quarter of 2025, and for the first nine months of 2026 increased 10% to $9.90 million, compared to $9.04 million in the first nine months of 2025. The revenue increase for the quarter was driven by higher shipments of our force-sensing and gas‑sensor products, partially offset by lower sales of our Calman printed electronics products. The revenue increase for the first nine months of the year was driven by higher shipments of our force-sensing products, partially offset by lower sales of our gas‑sensor and Calman printed electronics products. Revenues fluctuate periodically in response to changes in customer demand, which can vary with order flow and production cycles, affecting both the timing and volume of shipments.

Gross margin for the third quarter of 2026 was 37.3%, a decrease from 41.8% for the third quarter of 2025. The decrease in gross margin was due to higher materials and production expenses for our Calman printed electronics products, and changes in the mix of our products and services. Gross margin for the first nine months of 2026 was 41.9%, compared with 41.2% for the first nine months of 2025. The slight increase in gross margin was due to higher revenue and changes in the mix of our products and services.

Net income/loss for the third quarter of 2026 was a loss of $316,000, compared to a loss of $336,000 in same quarter last year, and for the first nine months of 2026 was a loss of $406,000, compared to a loss of $1,041,000 in the first nine months of 2025. The improvement in net income/loss for the nine-month period was driven primarily by higher revenue and lower operating expenses.

Adjusted EBITDA, a non‑GAAP financial measure, for the third quarter of 2026 was $(176,000), versus $(61,000) in the same quarter last year, and for the first nine months of 2026 was $79,000, versus $(361,000) in the first nine months of 2025.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our advanced printed-electronics manufacturing center in Shenzhen, China; and our multiple facilities in Irvine, Scotland, and our smart textile and wearables product development footprint located in the Evolution Advanced Manufacturing Park in Rotherham, England.

For more information, please visit www.InterlinkElectronics.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements in our press releases include statements about our projected financial and operating performance, our acquisition program, our strategy and prospects, and our opportunities for organic growth and synergies. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company’s forward-looking statements include, among other things, the following: the failure to satisfy closing conditions for the pending acquisition; integration risks for acquired businesses; our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates and tariffs; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of the respective release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measure

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measure: Adjusted EBITDA. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results, such as amortization expense related to our recent acquisitions. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
             
    September 30,   December 31,
    2026     2025  
    (in thousands)
ASSETS            
Current assets            
Cash and cash equivalents   $ 2,262     $ 2,724  
Accounts receivable, net     1,654       1,542  
Inventories     1,940       1,801  
Prepaid expenses and other current assets     298       236  
Total current assets     6,154       6,303  
Property, plant and equipment, net     444       474  
Intangible assets, net     861       1,333  
Goodwill     2,541       2,586  
Right-of-use assets     1,067       760  
Deferred tax assets     218       202  
Other assets     85       80  
Total assets   $ 11,370     $ 11,738  
             
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Current liabilities            
Accounts payable   $ 946     $ 985  
Accrued liabilities     293       330  
Lease liabilities, current     464       324  
Accrued income taxes     —       24  
Total current liabilities     1,703       1,663  
             
Long-term liabilities            
Lease liabilities, long term     659       493  
Deferred tax liabilities     254       361  
Total long-term liabilities     913       854  
Total liabilities     2,616       2,517  
             
Stockholders’ equity            
Preferred stock     —       —  
Common stock     16       16  
Additional paid-in-capital     62,630       62,594  
Accumulated other comprehensive income     309       406  
Accumulated deficit     (54,201 )     (53,795 )
Total stockholders’ equity     8,754       9,221  
Total liabilities and stockholders’ equity   $ 11,370     $ 11,738  
                 

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands, except per share data)
Revenue   $ 3,059     $ 2,959     $ 9,903     $ 9,037  
Cost of revenue     1,917       1,721       5,753       5,312  
Gross profit     1,142       1,238       4,150       3,725  
Operating expenses:                        
Engineering, research and development     316       354       881       1,151  
Selling, general and administrative     1,194       1,197       3,841       3,670  
Total operating expenses     1,510       1,551       4,722       4,821  
(Loss) from operations     (368 )     (313 )     (572 )     (1,096 )
Other income (expense), net     (11 )     3       34       33  
(Loss) before income taxes     (379 )     (310 )     (538 )     (1,063 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
                         
Net (loss) applicable to common stockholders   $ (316 )   $ (436 )   $ (406 )   $ (1,341 )
Earnings (loss) per common share – basic and diluted   $ (0.02 )   $ (0.03 )   $ (0.03 )   $ (0.09 )
Weighted average common shares outstanding – basic and diluted     15,752       14,813       15,751       14,802  
                                 

INTERLINK ELECTRONICS, INC.
RECONCILIATION OF CONSOLIDATED NET INCOME (LOSS) TO CONSOLIDATED ADJUSTED EBITDA
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands)
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest (income)     (1 )     (5 )     (6 )     (18 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Depreciation expense     42       50       134       144  
Amortization expense     140       182       453       540  
EBITDA     (198 )     (83 )     43       (397 )
Adjustments to arrive at Adjusted EBITDA:                        
Stock-based compensation expense     22       22       36       36  
Adjusted EBITDA   $ (176 )   $ (61 )   $ 79     $ (361 )

Pending Transformative Acquisition Expected to Close in Q4

FREMONT, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Interlink Electronics, Inc. (Nasdaq: LINK) (“Interlink” or the “Company”), a global leader in sensor technology and printed electronic solutions, today reported its results for the quarter ended September 30, 2026.

Pending Transformative Acquisition

Subject to satisfactory completion of due diligence, execution of all necessary documentation, and availability of financing, we currently anticipate that the acquisition described in our May 11, 2026 release will close before year-end. This transformative transaction is projected to result in a combined $50 million in revenue and over $4 million in Adjusted EBITDA for 2026 on a pro forma basis.

Q3 2026 Highlights

  • We established a new 4,000-square-foot R&D center for next-generation smart functional textiles at the Advanced Manufacturing Park (AMP) in Rotherham, UK. The center will drive research, product development, and rapid prototyping using our award-winning Conductive Transfer process to build solutions that integrate sensors, microelectronics, and embedded intelligence for smart textile applications. Interlink joins a prestigious ecosystem at the AMP alongside industry leaders like Boeing, Rolls-Royce, and McLaren Automotive.
  • We also added a 10,000-square-foot facility adjacent to our Irvine, Scotland footprint, dedicated to high-volume conductive transfer printing and high-volume printed electrodes for medical and diagnostics applications. This expansion will enable us to serve the emerging opportunities in both the medical and wearables markets.

“We continue to invest in our business and take the necessary steps to drive long-term growth,” said Steven N. Bronson, Chairman, President, and CEO. “We feel confident that our existing technologies and capabilities, coupled with adding additional sales and marketing resources, will position us for organic growth in the coming years.”

Consolidated Financial Results

(Amounts in thousands except per share data and percentages)

      Three Months Ended September 30,
      Nine Months Ended September 30,
 
      2026         2025         $ ∆     % ∆         2026         2025         $ ∆   % ∆  
Revenue   $ 3,059       $ 2,959       $ 100     3.4   %   $ 9,903       $ 9,037       $ 866   9.6 %
Gross profit   $ 1,142       $ 1,238       $ (96 )   (7.8 ) %   $ 4,150       $ 3,725       $ 425   11.4 %
Gross margin     37.3   %     41.8   %                 41.9   %     41.2   %            
(Loss) from operations   $ (368 )     $ (313 )                 $ (572 )     $ (1,096 )              
Net (loss)   $ (316 )     $ (336 )                 $ (406 )     $ (1,041 )              
Net (loss) applicable to common stockholders   $ (316 )     $ (436 )                 $ (406 )     $ (1,341 )              
Earnings (loss) per common share – diluted   $ (0.02 )     $ (0.03 )                 $ (0.03 )     $ (0.09 )              
Adjusted EBITDA   $ (176 )     $ (61 )                 $ 79       $ (361 )              

Revenue for the third quarter of 2026 increased 3% to $3.06 million, compared to $2.96 million in the third quarter of 2025, and for the first nine months of 2026 increased 10% to $9.90 million, compared to $9.04 million in the first nine months of 2025. The revenue increase for the quarter was driven by higher shipments of our force-sensing and gas‑sensor products, partially offset by lower sales of our Calman printed electronics products. The revenue increase for the first nine months of the year was driven by higher shipments of our force-sensing products, partially offset by lower sales of our gas‑sensor and Calman printed electronics products. Revenues fluctuate periodically in response to changes in customer demand, which can vary with order flow and production cycles, affecting both the timing and volume of shipments.

Gross margin for the third quarter of 2026 was 37.3%, a decrease from 41.8% for the third quarter of 2025. The decrease in gross margin was due to higher materials and production expenses for our Calman printed electronics products, and changes in the mix of our products and services. Gross margin for the first nine months of 2026 was 41.9%, compared with 41.2% for the first nine months of 2025. The slight increase in gross margin was due to higher revenue and changes in the mix of our products and services.

Net income/loss for the third quarter of 2026 was a loss of $316,000, compared to a loss of $336,000 in same quarter last year, and for the first nine months of 2026 was a loss of $406,000, compared to a loss of $1,041,000 in the first nine months of 2025. The improvement in net income/loss for the nine-month period was driven primarily by higher revenue and lower operating expenses.

Adjusted EBITDA, a non‑GAAP financial measure, for the third quarter of 2026 was $(176,000), versus $(61,000) in the same quarter last year, and for the first nine months of 2026 was $79,000, versus $(361,000) in the first nine months of 2025.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our advanced printed-electronics manufacturing center in Shenzhen, China; and our multiple facilities in Irvine, Scotland, and our smart textile and wearables product development footprint located in the Evolution Advanced Manufacturing Park in Rotherham, England.

For more information, please visit www.InterlinkElectronics.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements in our press releases include statements about our projected financial and operating performance, our acquisition program, our strategy and prospects, and our opportunities for organic growth and synergies. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company’s forward-looking statements include, among other things, the following: the failure to satisfy closing conditions for the pending acquisition; integration risks for acquired businesses; our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates and tariffs; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of the respective release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measure

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measure: Adjusted EBITDA. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results, such as amortization expense related to our recent acquisitions. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
             
    September 30,   December 31,
    2026     2025  
    (in thousands)
ASSETS            
Current assets            
Cash and cash equivalents   $ 2,262     $ 2,724  
Accounts receivable, net     1,654       1,542  
Inventories     1,940       1,801  
Prepaid expenses and other current assets     298       236  
Total current assets     6,154       6,303  
Property, plant and equipment, net     444       474  
Intangible assets, net     861       1,333  
Goodwill     2,541       2,586  
Right-of-use assets     1,067       760  
Deferred tax assets     218       202  
Other assets     85       80  
Total assets   $ 11,370     $ 11,738  
             
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Current liabilities            
Accounts payable   $ 946     $ 985  
Accrued liabilities     293       330  
Lease liabilities, current     464       324  
Accrued income taxes     —       24  
Total current liabilities     1,703       1,663  
             
Long-term liabilities            
Lease liabilities, long term     659       493  
Deferred tax liabilities     254       361  
Total long-term liabilities     913       854  
Total liabilities     2,616       2,517  
             
Stockholders’ equity            
Preferred stock     —       —  
Common stock     16       16  
Additional paid-in-capital     62,630       62,594  
Accumulated other comprehensive income     309       406  
Accumulated deficit     (54,201 )     (53,795 )
Total stockholders’ equity     8,754       9,221  
Total liabilities and stockholders’ equity   $ 11,370     $ 11,738  
                 

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands, except per share data)
Revenue   $ 3,059     $ 2,959     $ 9,903     $ 9,037  
Cost of revenue     1,917       1,721       5,753       5,312  
Gross profit     1,142       1,238       4,150       3,725  
Operating expenses:                        
Engineering, research and development     316       354       881       1,151  
Selling, general and administrative     1,194       1,197       3,841       3,670  
Total operating expenses     1,510       1,551       4,722       4,821  
(Loss) from operations     (368 )     (313 )     (572 )     (1,096 )
Other income (expense), net     (11 )     3       34       33  
(Loss) before income taxes     (379 )     (310 )     (538 )     (1,063 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
                         
Net (loss) applicable to common stockholders   $ (316 )   $ (436 )   $ (406 )   $ (1,341 )
Earnings (loss) per common share – basic and diluted   $ (0.02 )   $ (0.03 )   $ (0.03 )   $ (0.09 )
Weighted average common shares outstanding – basic and diluted     15,752       14,813       15,751       14,802  
                                 

INTERLINK ELECTRONICS, INC.
RECONCILIATION OF CONSOLIDATED NET INCOME (LOSS) TO CONSOLIDATED ADJUSTED EBITDA
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands)
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest (income)     (1 )     (5 )     (6 )     (18 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Depreciation expense     42       50       134       144  
Amortization expense     140       182       453       540  
EBITDA     (198 )     (83 )     43       (397 )
Adjustments to arrive at Adjusted EBITDA:                        
Stock-based compensation expense     22       22       36       36  
Adjusted EBITDA   $ (176 )   $ (61 )   $ 79     $ (361 )

Pending Transformative Acquisition Expected to Close in Q4

FREMONT, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Interlink Electronics, Inc. (Nasdaq: LINK) (“Interlink” or the “Company”), a global leader in sensor technology and printed electronic solutions, today reported its results for the quarter ended September 30, 2026.

Pending Transformative Acquisition

Subject to satisfactory completion of due diligence, execution of all necessary documentation, and availability of financing, we currently anticipate that the acquisition described in our May 11, 2026 release will close before year-end. This transformative transaction is projected to result in a combined $50 million in revenue and over $4 million in Adjusted EBITDA for 2026 on a pro forma basis.

Q3 2026 Highlights

  • We established a new 4,000-square-foot R&D center for next-generation smart functional textiles at the Advanced Manufacturing Park (AMP) in Rotherham, UK. The center will drive research, product development, and rapid prototyping using our award-winning Conductive Transfer process to build solutions that integrate sensors, microelectronics, and embedded intelligence for smart textile applications. Interlink joins a prestigious ecosystem at the AMP alongside industry leaders like Boeing, Rolls-Royce, and McLaren Automotive.
  • We also added a 10,000-square-foot facility adjacent to our Irvine, Scotland footprint, dedicated to high-volume conductive transfer printing and high-volume printed electrodes for medical and diagnostics applications. This expansion will enable us to serve the emerging opportunities in both the medical and wearables markets.

“We continue to invest in our business and take the necessary steps to drive long-term growth,” said Steven N. Bronson, Chairman, President, and CEO. “We feel confident that our existing technologies and capabilities, coupled with adding additional sales and marketing resources, will position us for organic growth in the coming years.”

Consolidated Financial Results

(Amounts in thousands except per share data and percentages)

      Three Months Ended September 30,
      Nine Months Ended September 30,
 
      2026         2025         $ ∆     % ∆         2026         2025         $ ∆   % ∆  
Revenue   $ 3,059       $ 2,959       $ 100     3.4   %   $ 9,903       $ 9,037       $ 866   9.6 %
Gross profit   $ 1,142       $ 1,238       $ (96 )   (7.8 ) %   $ 4,150       $ 3,725       $ 425   11.4 %
Gross margin     37.3   %     41.8   %                 41.9   %     41.2   %            
(Loss) from operations   $ (368 )     $ (313 )                 $ (572 )     $ (1,096 )              
Net (loss)   $ (316 )     $ (336 )                 $ (406 )     $ (1,041 )              
Net (loss) applicable to common stockholders   $ (316 )     $ (436 )                 $ (406 )     $ (1,341 )              
Earnings (loss) per common share – diluted   $ (0.02 )     $ (0.03 )                 $ (0.03 )     $ (0.09 )              
Adjusted EBITDA   $ (176 )     $ (61 )                 $ 79       $ (361 )              

Revenue for the third quarter of 2026 increased 3% to $3.06 million, compared to $2.96 million in the third quarter of 2025, and for the first nine months of 2026 increased 10% to $9.90 million, compared to $9.04 million in the first nine months of 2025. The revenue increase for the quarter was driven by higher shipments of our force-sensing and gas‑sensor products, partially offset by lower sales of our Calman printed electronics products. The revenue increase for the first nine months of the year was driven by higher shipments of our force-sensing products, partially offset by lower sales of our gas‑sensor and Calman printed electronics products. Revenues fluctuate periodically in response to changes in customer demand, which can vary with order flow and production cycles, affecting both the timing and volume of shipments.

Gross margin for the third quarter of 2026 was 37.3%, a decrease from 41.8% for the third quarter of 2025. The decrease in gross margin was due to higher materials and production expenses for our Calman printed electronics products, and changes in the mix of our products and services. Gross margin for the first nine months of 2026 was 41.9%, compared with 41.2% for the first nine months of 2025. The slight increase in gross margin was due to higher revenue and changes in the mix of our products and services.

Net income/loss for the third quarter of 2026 was a loss of $316,000, compared to a loss of $336,000 in same quarter last year, and for the first nine months of 2026 was a loss of $406,000, compared to a loss of $1,041,000 in the first nine months of 2025. The improvement in net income/loss for the nine-month period was driven primarily by higher revenue and lower operating expenses.

Adjusted EBITDA, a non‑GAAP financial measure, for the third quarter of 2026 was $(176,000), versus $(61,000) in the same quarter last year, and for the first nine months of 2026 was $79,000, versus $(361,000) in the first nine months of 2025.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our advanced printed-electronics manufacturing center in Shenzhen, China; and our multiple facilities in Irvine, Scotland, and our smart textile and wearables product development footprint located in the Evolution Advanced Manufacturing Park in Rotherham, England.

For more information, please visit www.InterlinkElectronics.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements in our press releases include statements about our projected financial and operating performance, our acquisition program, our strategy and prospects, and our opportunities for organic growth and synergies. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company’s forward-looking statements include, among other things, the following: the failure to satisfy closing conditions for the pending acquisition; integration risks for acquired businesses; our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates and tariffs; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of the respective release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measure

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measure: Adjusted EBITDA. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results, such as amortization expense related to our recent acquisitions. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
             
    September 30,   December 31,
    2026     2025  
    (in thousands)
ASSETS            
Current assets            
Cash and cash equivalents   $ 2,262     $ 2,724  
Accounts receivable, net     1,654       1,542  
Inventories     1,940       1,801  
Prepaid expenses and other current assets     298       236  
Total current assets     6,154       6,303  
Property, plant and equipment, net     444       474  
Intangible assets, net     861       1,333  
Goodwill     2,541       2,586  
Right-of-use assets     1,067       760  
Deferred tax assets     218       202  
Other assets     85       80  
Total assets   $ 11,370     $ 11,738  
             
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Current liabilities            
Accounts payable   $ 946     $ 985  
Accrued liabilities     293       330  
Lease liabilities, current     464       324  
Accrued income taxes     —       24  
Total current liabilities     1,703       1,663  
             
Long-term liabilities            
Lease liabilities, long term     659       493  
Deferred tax liabilities     254       361  
Total long-term liabilities     913       854  
Total liabilities     2,616       2,517  
             
Stockholders’ equity            
Preferred stock     —       —  
Common stock     16       16  
Additional paid-in-capital     62,630       62,594  
Accumulated other comprehensive income     309       406  
Accumulated deficit     (54,201 )     (53,795 )
Total stockholders’ equity     8,754       9,221  
Total liabilities and stockholders’ equity   $ 11,370     $ 11,738  
                 

INTERLINK ELECTRONICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands, except per share data)
Revenue   $ 3,059     $ 2,959     $ 9,903     $ 9,037  
Cost of revenue     1,917       1,721       5,753       5,312  
Gross profit     1,142       1,238       4,150       3,725  
Operating expenses:                        
Engineering, research and development     316       354       881       1,151  
Selling, general and administrative     1,194       1,197       3,841       3,670  
Total operating expenses     1,510       1,551       4,722       4,821  
(Loss) from operations     (368 )     (313 )     (572 )     (1,096 )
Other income (expense), net     (11 )     3       34       33  
(Loss) before income taxes     (379 )     (310 )     (538 )     (1,063 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
                         
Net (loss) applicable to common stockholders   $ (316 )   $ (436 )   $ (406 )   $ (1,341 )
Earnings (loss) per common share – basic and diluted   $ (0.02 )   $ (0.03 )   $ (0.03 )   $ (0.09 )
Weighted average common shares outstanding – basic and diluted     15,752       14,813       15,751       14,802  
                                 

INTERLINK ELECTRONICS, INC.
RECONCILIATION OF CONSOLIDATED NET INCOME (LOSS) TO CONSOLIDATED ADJUSTED EBITDA
(unaudited)
                         
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026     2025     2026     2025  
    (in thousands)
Net (loss)   $ (316 )   $ (336 )   $ (406 )   $ (1,041 )
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest (income)     (1 )     (5 )     (6 )     (18 )
Income tax expense (benefit)     (63 )     26       (132 )     (22 )
Depreciation expense     42       50       134       144  
Amortization expense     140       182       453       540  
EBITDA     (198 )     (83 )     43       (397 )
Adjustments to arrive at Adjusted EBITDA:                        
Stock-based compensation expense     22       22       36       36  
Adjusted EBITDA   $ (176 )   $ (61 )   $ 79     $ (361 )

LiveWorld accelerates its AI investment

CAMPBELL, Calif. and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for third quarter 2026.

Three Months 2026 Financial and Business Highlights

  • Total three months revenues of $3.0 million – an increase of approximately 5%
  • Healthcare revenues of $2.7 million in Q3 2026
  • Net loss from operations of $413,000
  • Net Cash of $6.1 million

Management Commentary

“Topline revenue increased 5% for the period ended September 30, as compared to the three months ended September 30, 2025. Additionally, for the nine months ended September 30 topline revenue grew 9%, as compared to the same period in 2025,” commented David Houston, Chief Financial Officer of LiveWorld. “During the third quarter, we increased our investment in LiveInsight AI™, which raised operating costs compared with 2025. As we move through the fourth quarter of 2026, we expect to accelerate our investment in the development and marketing of LiveInsight AI, which will continue to affect LiveWorld’s operating results for the foreseeable future.

“Our category leading LiveInsight AI Intelligence Systems empowers pharma marketers to make better decisions faster, through a continuous model of discovery analysis, and decision making,” said Peter Friedman, Chairman and CEO.  “With 16 patents pending, including 48 hallucination prevention mechanisms, LiveInsight AI provides unparalleled levels of quality, precision, relevance, and trusted results.”

Financial Review for the Three and Nine Months Ended September 30, 2026

Total revenues for the three months ended September 30, 2026 were approximately $3.0 million, as compared to approximately $2.8 million for the three months ended September 30, 2025. This was an increase of approximately $134,000 or 5% period-over-period.

Total revenues for the nine months ended September 30, 2026 were approximately $8.8 million, as compared to approximately $8.1 million for the nine months ended September 30, 2025. This was an increase of approximately $739,000 or 9% period-over-period.

The company reported a net loss for the three months of approximately $413,000 or 14% of total revenues. This compares to net income of approximately $195,000 or 7% of total revenues reported for the three months of 2025. This was a decrease of approximately 311% when comparing the two periods.

The company reported a net loss for the nine months of approximately $703,000 or 8% of total revenues. This compares to net loss of approximately $172,000 or 2% of total revenues reported for the three months of 2025. This was an increase of approximately 308% when comparing the two periods.

The company finished the quarter with approximately $6.6 million in cash and cash equivalents, compared to approximately $7.3 million at the end of 2025. The net cash available for operations was approximately $6.1 million at the end of September 30, 2026, compared to $5.7 million at the end of 2025. The company defines net cash available for operations as cash, less media expenditure commitments.

Detailed financial information may be downloaded at www.liveworld.com/ir or at https://www.otcmarkets.com/stock/LVWD/overview.

About LiveWorld

LiveWorld is a Human-Led, AI-Powered intelligence systems company. We help brands listen smarter, engage more meaningfully, and act with confidence through intelligence systems, full-service digital agency solutions, and social media content moderation services. With deep expertise in healthcare and pharma, LiveWorld combines compliance, engagement, and insight to transform customer relationships across social and digital channels.

Headquartered in Campbell, California, with an additional office in New York City, LiveWorld serves leading brands in healthcare and beyond. Learn more at www.liveworld.com and follow @LiveWorld.

“Safe Harbor” Statement Under The Private Securities Litigation Reform Act
This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

LiveWorld Contacts
IR Contact:
David Houston
LiveWorld
dhouston@liveworld.com
(408) 615-8496

PR Contact:
Matthew Hammer
LiveWorld
mhammer@liveworld.com
(737) 212-9739

LIVEWORLD, INC.
UNAUDITED CONDENSED BALANCE SHEETS
(In thousands, except share data)
       
  September 30   December 31,
    2026       2025  
ASSETS      
Current assets      
Cash and cash equivalent $ 6,623     $ 7,313  
Accounts receivable, net   2,027       1,309  
Prepaid expenses   246       246  
Total current assets   8,896       8,868  
       
Property and equipment, net   30       18  
Other assets   28       27  
Total assets $ 8,954     $ 8,913  
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities      
Accounts payable $ 684     $ 242  
Accrued employee expenses   845       595  
Other accrued liabilities   493       1,555  
Deferred revenue   1,706       761  
Total current liabilities   3,728       3,153  
Total liabilities   3,728       3,153  
       
Stockholders’ equity      
Common stock: $0.001 par value, 100,000,000 shares authorized 45,633,442 issued and outstanding as of September 30, 2026 and December 31, 2025 respectively   34       34  
Additional paid-in capital   144,941       144,773  
Accumulated deficit   (139,749 )     (139,047 )
Total stockholders’ equity   5,226       5,760  
Total liabilities and stockholders’ equity $ 8,954     $ 8,913  
               

LIVEWORLD, INC.
CONDENSED STATEMENT OF OPERATIONS
(In thousands, except per share data)
               
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025     2026       2025  
Total revenues $ 2,976     $ 2,842   $ 8,812     $ 8,073  
Cost of revenues   1,912       1,335     4,781       4,171  
Gross Margin   1,064       1,507             4,031       3,902  
Operating Expense              
Product development   450       359              1,342       996  
Sales and marketing   369       369              1,241       1,264  
General and administrative   671       612               2,166       1,860  
Total operating expense   1,490       1,340     4,749       4,120  
Income from operations   (426 )     167     (718 )     (218 )
Income before tax   (426 )     167     (718 )     (218 )
Other Income               19       32     52       69  
Provision for income taxes                  6       4     37       23  
Net income from operations             (413 )     195     (703 )     (172 )
               
Earnings per share analysis from operations:              
Basic income per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing basic loss per share   45,633,442       45,633,442     45,633,442       45,633,442  
Diluted net income (loss) per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing diluted income (loss) per share   45,633,442       54,992,048     45,633,442       45,633,442  
               
               
Departmental allocation of stock-based compensation:              
Cost of revenues $ 12     $ 21   $ 42     $ 62  
Product development   6                        6     16       15  
Sales and marketing   2       8     9       24  
General and administrative   28       47     101       141  
Total stock-based compensation $ 48     $ 82   $ 168     $ 242  
                             

LIVEWORLD, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025       2026       2025  
Cash flows from operating activities:              
Net income (loss) $ (413 )   $ 195     $ (703 )   $ (172 )
Adjustments to reconcile net income (loss)
provided by (used in) operating activities:
       
Depreciation of long-lived assets   4       5       13       16  
Stock-based compensation   48       82       168       242  
Changes in operating assets and liabilities:              
Accounts receivable   (88 )     2,118       (718 )     (1,079 )
Other assets   76       9     ——     (24 )
Accounts payable   206       103       442       138  
Accrued liabilities   (407 )     (13 )     (811 )     794  
Deferred revenue   (234 )     (352 )     945       1,171  
Net cash provided by (used in) operating activities   (808 )     2,147       (664 )     1,086  
Cash flows from investing activities:              
Purchase of property and equipment   (10 )   —–     (26 )     (4 )
Net cash provided by (used in) investing activities   (10 )   —–     (26 )     (4 )
Cash flows from financing activities:              
Proceeds from exercise of stock options ——   —–   ——   —–
Net cash provided by (used for) financing activities ——   —–   ——   —–
Change in cash and cash equivalent   (818 )     2,147       (690 )     1,082  
Cash and cash equivalents, beginning of period   7,441       5,538       7,313       6,603  
Cash and cash equivalents, end of period $ 6,623     $ 7,685     $ 6,623     $ 7,685  
               
Supplemental disclosure of non-cash financing and investing activities:            
Income tax paid $ 6     $ 4     $ 37     $ 23  

LiveWorld accelerates its AI investment

CAMPBELL, Calif. and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for third quarter 2026.

Three Months 2026 Financial and Business Highlights

  • Total three months revenues of $3.0 million – an increase of approximately 5%
  • Healthcare revenues of $2.7 million in Q3 2026
  • Net loss from operations of $413,000
  • Net Cash of $6.1 million

Management Commentary

“Topline revenue increased 5% for the period ended September 30, as compared to the three months ended September 30, 2025. Additionally, for the nine months ended September 30 topline revenue grew 9%, as compared to the same period in 2025,” commented David Houston, Chief Financial Officer of LiveWorld. “During the third quarter, we increased our investment in LiveInsight AI™, which raised operating costs compared with 2025. As we move through the fourth quarter of 2026, we expect to accelerate our investment in the development and marketing of LiveInsight AI, which will continue to affect LiveWorld’s operating results for the foreseeable future.

“Our category leading LiveInsight AI Intelligence Systems empowers pharma marketers to make better decisions faster, through a continuous model of discovery analysis, and decision making,” said Peter Friedman, Chairman and CEO.  “With 16 patents pending, including 48 hallucination prevention mechanisms, LiveInsight AI provides unparalleled levels of quality, precision, relevance, and trusted results.”

Financial Review for the Three and Nine Months Ended September 30, 2026

Total revenues for the three months ended September 30, 2026 were approximately $3.0 million, as compared to approximately $2.8 million for the three months ended September 30, 2025. This was an increase of approximately $134,000 or 5% period-over-period.

Total revenues for the nine months ended September 30, 2026 were approximately $8.8 million, as compared to approximately $8.1 million for the nine months ended September 30, 2025. This was an increase of approximately $739,000 or 9% period-over-period.

The company reported a net loss for the three months of approximately $413,000 or 14% of total revenues. This compares to net income of approximately $195,000 or 7% of total revenues reported for the three months of 2025. This was a decrease of approximately 311% when comparing the two periods.

The company reported a net loss for the nine months of approximately $703,000 or 8% of total revenues. This compares to net loss of approximately $172,000 or 2% of total revenues reported for the three months of 2025. This was an increase of approximately 308% when comparing the two periods.

The company finished the quarter with approximately $6.6 million in cash and cash equivalents, compared to approximately $7.3 million at the end of 2025. The net cash available for operations was approximately $6.1 million at the end of September 30, 2026, compared to $5.7 million at the end of 2025. The company defines net cash available for operations as cash, less media expenditure commitments.

Detailed financial information may be downloaded at www.liveworld.com/ir or at https://www.otcmarkets.com/stock/LVWD/overview.

About LiveWorld

LiveWorld is a Human-Led, AI-Powered intelligence systems company. We help brands listen smarter, engage more meaningfully, and act with confidence through intelligence systems, full-service digital agency solutions, and social media content moderation services. With deep expertise in healthcare and pharma, LiveWorld combines compliance, engagement, and insight to transform customer relationships across social and digital channels.

Headquartered in Campbell, California, with an additional office in New York City, LiveWorld serves leading brands in healthcare and beyond. Learn more at www.liveworld.com and follow @LiveWorld.

“Safe Harbor” Statement Under The Private Securities Litigation Reform Act
This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

LiveWorld Contacts
IR Contact:
David Houston
LiveWorld
dhouston@liveworld.com
(408) 615-8496

PR Contact:
Matthew Hammer
LiveWorld
mhammer@liveworld.com
(737) 212-9739

LIVEWORLD, INC.
UNAUDITED CONDENSED BALANCE SHEETS
(In thousands, except share data)
       
  September 30   December 31,
    2026       2025  
ASSETS      
Current assets      
Cash and cash equivalent $ 6,623     $ 7,313  
Accounts receivable, net   2,027       1,309  
Prepaid expenses   246       246  
Total current assets   8,896       8,868  
       
Property and equipment, net   30       18  
Other assets   28       27  
Total assets $ 8,954     $ 8,913  
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities      
Accounts payable $ 684     $ 242  
Accrued employee expenses   845       595  
Other accrued liabilities   493       1,555  
Deferred revenue   1,706       761  
Total current liabilities   3,728       3,153  
Total liabilities   3,728       3,153  
       
Stockholders’ equity      
Common stock: $0.001 par value, 100,000,000 shares authorized 45,633,442 issued and outstanding as of September 30, 2026 and December 31, 2025 respectively   34       34  
Additional paid-in capital   144,941       144,773  
Accumulated deficit   (139,749 )     (139,047 )
Total stockholders’ equity   5,226       5,760  
Total liabilities and stockholders’ equity $ 8,954     $ 8,913  
               

LIVEWORLD, INC.
CONDENSED STATEMENT OF OPERATIONS
(In thousands, except per share data)
               
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025     2026       2025  
Total revenues $ 2,976     $ 2,842   $ 8,812     $ 8,073  
Cost of revenues   1,912       1,335     4,781       4,171  
Gross Margin   1,064       1,507             4,031       3,902  
Operating Expense              
Product development   450       359              1,342       996  
Sales and marketing   369       369              1,241       1,264  
General and administrative   671       612               2,166       1,860  
Total operating expense   1,490       1,340     4,749       4,120  
Income from operations   (426 )     167     (718 )     (218 )
Income before tax   (426 )     167     (718 )     (218 )
Other Income               19       32     52       69  
Provision for income taxes                  6       4     37       23  
Net income from operations             (413 )     195     (703 )     (172 )
               
Earnings per share analysis from operations:              
Basic income per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing basic loss per share   45,633,442       45,633,442     45,633,442       45,633,442  
Diluted net income (loss) per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing diluted income (loss) per share   45,633,442       54,992,048     45,633,442       45,633,442  
               
               
Departmental allocation of stock-based compensation:              
Cost of revenues $ 12     $ 21   $ 42     $ 62  
Product development   6                        6     16       15  
Sales and marketing   2       8     9       24  
General and administrative   28       47     101       141  
Total stock-based compensation $ 48     $ 82   $ 168     $ 242  
                             

LIVEWORLD, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025       2026       2025  
Cash flows from operating activities:              
Net income (loss) $ (413 )   $ 195     $ (703 )   $ (172 )
Adjustments to reconcile net income (loss)
provided by (used in) operating activities:
       
Depreciation of long-lived assets   4       5       13       16  
Stock-based compensation   48       82       168       242  
Changes in operating assets and liabilities:              
Accounts receivable   (88 )     2,118       (718 )     (1,079 )
Other assets   76       9     ——     (24 )
Accounts payable   206       103       442       138  
Accrued liabilities   (407 )     (13 )     (811 )     794  
Deferred revenue   (234 )     (352 )     945       1,171  
Net cash provided by (used in) operating activities   (808 )     2,147       (664 )     1,086  
Cash flows from investing activities:              
Purchase of property and equipment   (10 )   —–     (26 )     (4 )
Net cash provided by (used in) investing activities   (10 )   —–     (26 )     (4 )
Cash flows from financing activities:              
Proceeds from exercise of stock options ——   —–   ——   —–
Net cash provided by (used for) financing activities ——   —–   ——   —–
Change in cash and cash equivalent   (818 )     2,147       (690 )     1,082  
Cash and cash equivalents, beginning of period   7,441       5,538       7,313       6,603  
Cash and cash equivalents, end of period $ 6,623     $ 7,685     $ 6,623     $ 7,685  
               
Supplemental disclosure of non-cash financing and investing activities:            
Income tax paid $ 6     $ 4     $ 37     $ 23  

LiveWorld accelerates its AI investment

CAMPBELL, Calif. and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for third quarter 2026.

Three Months 2026 Financial and Business Highlights

  • Total three months revenues of $3.0 million – an increase of approximately 5%
  • Healthcare revenues of $2.7 million in Q3 2026
  • Net loss from operations of $413,000
  • Net Cash of $6.1 million

Management Commentary

“Topline revenue increased 5% for the period ended September 30, as compared to the three months ended September 30, 2025. Additionally, for the nine months ended September 30 topline revenue grew 9%, as compared to the same period in 2025,” commented David Houston, Chief Financial Officer of LiveWorld. “During the third quarter, we increased our investment in LiveInsight AI™, which raised operating costs compared with 2025. As we move through the fourth quarter of 2026, we expect to accelerate our investment in the development and marketing of LiveInsight AI, which will continue to affect LiveWorld’s operating results for the foreseeable future.

“Our category leading LiveInsight AI Intelligence Systems empowers pharma marketers to make better decisions faster, through a continuous model of discovery analysis, and decision making,” said Peter Friedman, Chairman and CEO.  “With 16 patents pending, including 48 hallucination prevention mechanisms, LiveInsight AI provides unparalleled levels of quality, precision, relevance, and trusted results.”

Financial Review for the Three and Nine Months Ended September 30, 2026

Total revenues for the three months ended September 30, 2026 were approximately $3.0 million, as compared to approximately $2.8 million for the three months ended September 30, 2025. This was an increase of approximately $134,000 or 5% period-over-period.

Total revenues for the nine months ended September 30, 2026 were approximately $8.8 million, as compared to approximately $8.1 million for the nine months ended September 30, 2025. This was an increase of approximately $739,000 or 9% period-over-period.

The company reported a net loss for the three months of approximately $413,000 or 14% of total revenues. This compares to net income of approximately $195,000 or 7% of total revenues reported for the three months of 2025. This was a decrease of approximately 311% when comparing the two periods.

The company reported a net loss for the nine months of approximately $703,000 or 8% of total revenues. This compares to net loss of approximately $172,000 or 2% of total revenues reported for the three months of 2025. This was an increase of approximately 308% when comparing the two periods.

The company finished the quarter with approximately $6.6 million in cash and cash equivalents, compared to approximately $7.3 million at the end of 2025. The net cash available for operations was approximately $6.1 million at the end of September 30, 2026, compared to $5.7 million at the end of 2025. The company defines net cash available for operations as cash, less media expenditure commitments.

Detailed financial information may be downloaded at www.liveworld.com/ir or at https://www.otcmarkets.com/stock/LVWD/overview.

About LiveWorld

LiveWorld is a Human-Led, AI-Powered intelligence systems company. We help brands listen smarter, engage more meaningfully, and act with confidence through intelligence systems, full-service digital agency solutions, and social media content moderation services. With deep expertise in healthcare and pharma, LiveWorld combines compliance, engagement, and insight to transform customer relationships across social and digital channels.

Headquartered in Campbell, California, with an additional office in New York City, LiveWorld serves leading brands in healthcare and beyond. Learn more at www.liveworld.com and follow @LiveWorld.

“Safe Harbor” Statement Under The Private Securities Litigation Reform Act
This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

LiveWorld Contacts
IR Contact:
David Houston
LiveWorld
dhouston@liveworld.com
(408) 615-8496

PR Contact:
Matthew Hammer
LiveWorld
mhammer@liveworld.com
(737) 212-9739

LIVEWORLD, INC.
UNAUDITED CONDENSED BALANCE SHEETS
(In thousands, except share data)
       
  September 30   December 31,
    2026       2025  
ASSETS      
Current assets      
Cash and cash equivalent $ 6,623     $ 7,313  
Accounts receivable, net   2,027       1,309  
Prepaid expenses   246       246  
Total current assets   8,896       8,868  
       
Property and equipment, net   30       18  
Other assets   28       27  
Total assets $ 8,954     $ 8,913  
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities      
Accounts payable $ 684     $ 242  
Accrued employee expenses   845       595  
Other accrued liabilities   493       1,555  
Deferred revenue   1,706       761  
Total current liabilities   3,728       3,153  
Total liabilities   3,728       3,153  
       
Stockholders’ equity      
Common stock: $0.001 par value, 100,000,000 shares authorized 45,633,442 issued and outstanding as of September 30, 2026 and December 31, 2025 respectively   34       34  
Additional paid-in capital   144,941       144,773  
Accumulated deficit   (139,749 )     (139,047 )
Total stockholders’ equity   5,226       5,760  
Total liabilities and stockholders’ equity $ 8,954     $ 8,913  
               

LIVEWORLD, INC.
CONDENSED STATEMENT OF OPERATIONS
(In thousands, except per share data)
               
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025     2026       2025  
Total revenues $ 2,976     $ 2,842   $ 8,812     $ 8,073  
Cost of revenues   1,912       1,335     4,781       4,171  
Gross Margin   1,064       1,507             4,031       3,902  
Operating Expense              
Product development   450       359              1,342       996  
Sales and marketing   369       369              1,241       1,264  
General and administrative   671       612               2,166       1,860  
Total operating expense   1,490       1,340     4,749       4,120  
Income from operations   (426 )     167     (718 )     (218 )
Income before tax   (426 )     167     (718 )     (218 )
Other Income               19       32     52       69  
Provision for income taxes                  6       4     37       23  
Net income from operations             (413 )     195     (703 )     (172 )
               
Earnings per share analysis from operations:              
Basic income per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing basic loss per share   45,633,442       45,633,442     45,633,442       45,633,442  
Diluted net income (loss) per share $ (0.01 )   $ 0.00   $ (0.02 )   $ (0.00 )
Shares used in computing diluted income (loss) per share   45,633,442       54,992,048     45,633,442       45,633,442  
               
               
Departmental allocation of stock-based compensation:              
Cost of revenues $ 12     $ 21   $ 42     $ 62  
Product development   6                        6     16       15  
Sales and marketing   2       8     9       24  
General and administrative   28       47     101       141  
Total stock-based compensation $ 48     $ 82   $ 168     $ 242  
                             

LIVEWORLD, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026       2025       2026       2025  
Cash flows from operating activities:              
Net income (loss) $ (413 )   $ 195     $ (703 )   $ (172 )
Adjustments to reconcile net income (loss)
provided by (used in) operating activities:
       
Depreciation of long-lived assets   4       5       13       16  
Stock-based compensation   48       82       168       242  
Changes in operating assets and liabilities:              
Accounts receivable   (88 )     2,118       (718 )     (1,079 )
Other assets   76       9     ——     (24 )
Accounts payable   206       103       442       138  
Accrued liabilities   (407 )     (13 )     (811 )     794  
Deferred revenue   (234 )     (352 )     945       1,171  
Net cash provided by (used in) operating activities   (808 )     2,147       (664 )     1,086  
Cash flows from investing activities:              
Purchase of property and equipment   (10 )   —–     (26 )     (4 )
Net cash provided by (used in) investing activities   (10 )   —–     (26 )     (4 )
Cash flows from financing activities:              
Proceeds from exercise of stock options ——   —–   ——   —–
Net cash provided by (used for) financing activities ——   —–   ——   —–
Change in cash and cash equivalent   (818 )     2,147       (690 )     1,082  
Cash and cash equivalents, beginning of period   7,441       5,538       7,313       6,603  
Cash and cash equivalents, end of period $ 6,623     $ 7,685     $ 6,623     $ 7,685  
               
Supplemental disclosure of non-cash financing and investing activities:            
Income tax paid $ 6     $ 4     $ 37     $ 23  

Delivered a Solid, Profitable Quarter Driven By Increased Demand in Tape Storage Solutions

CAMARILLO, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Qualstar Corporation (OTC: QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today reported financial results for the quarter ended September 30, 2026.

2026 and Recent Highlights

  • Recently filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, and reaffirmed its strategic decision to pursue a listing on a national securities exchange. 
  • The data storage business segment reported a 25% increase in revenues for the nine months ended September 30, 2026.
  • Strategic customer wins across multiple verticals.

Management Commentary

“We are very pleased with quarterly results,” said Steven N. Bronson, President and CEO. Mr. Bronson continued, “We are committed to driving organic growth through sales and product expansion.”

Consolidated Financial Results (Unaudited)

(Amounts in thousands except per share data and percentages)

                                                       
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026   2025     $ ∆   % ∆       2026   2025     $ ∆   % ∆  
                                                       
Revenues   $ 2,043     $ 2,018     $ 25   1.2 %   $ 5,570   $ 5,107     $ 463   9.1 %
Adjusted gross profit   $ 934     $ 692     $ 242   35.0 %   $ 2,069   $ 1,783     $ 286   16.0 %
Adjusted gross margin     45.7 %     34.3 %                 37.1 %   34.9 %            
                                                       
Adjusted income from operations   $ 432     $ 39                 $ 355   $ 179              
                                                       
Adjusted net income   $ 392     $ 219                 $ 198   $ 606              
                                                       
Adjusted earnings per share   $ 0.09     $ 0.05                 $ 0.05   $ 0.14              
                                                       
Adjusted EBITDA   $ 374     $ 70                 $ 342   $ 124              


Non-GAAP financial measures.
To supplement our financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measures: Adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. These non-GAAP financial measures exclude the net realizable value charge of $970,000 recorded in June 2026 on our slow-moving power supplies inventory due to the decreased demand from our customers in this segment. Management believes these measures provide useful information to investors by isolating the impact of this discrete item and allowing investors to better assess the Company’s operating performance. These measures should not be considered an alternative to, or more meaningful than, the corresponding measures prepared in accordance with U.S. GAAP. The Adjusted EBITDA non-GAAP financial measure is discussed below.

Revenue for the quarter increased 1% to $2.04 million, compared with $2.02 million in the prior-year quarter, and for the first nine months of 2026 increased 9% to $5.57 million, compared with $5.11 million in the first nine months of 2025, primarily driven by higher sales of data-storage products, offset in part by lower sales of power-supply products.

Adjusted gross margin for the quarter was 45.7%, compared with 34.3% in the prior-year quarter, and for the first nine months of 2026 was 37.1%, compared with 34.9% for the first nine months of 2025. The increases in adjusted gross profit and adjusted gross margin percentage for the 2026 periods were due to increases in revenues and favorable changes in our product mix.

Adjusted EBITDA for the third quarter of 2026 was $374,000, compared with $70,000 in the third quarter of 2025, and for the first nine months of 2026 was $342,000, compared with $124,000 for the first nine months of 2025.

The Company ended the quarter with $2.0 million in cash, cash equivalents, and marketable securities and no debt.

Qualstar makes available its annual financial statements, quarterly financial statements, and other significant reports and amendments to such reports, free of charge, on its website as soon as reasonably practicable after such reports are prepared. Please visit www.qualstar.com to view the Company’s financial results in more detail.

About Qualstar Corporation

Qualstar Corporation, founded in 1984, manufactures and markets data storage system products and compact, high-efficiency power solutions.

Our data storage systems are marketed under the Qualstar™ brand and include highly scalable automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in the network computing environment. Our products, sold through resellers, system integrators and OEMs, range from entry-level to enterprise and are a cost-effective solution for organizations requiring backup, recovery and archival storage of critical electronic information.

The Company’s power solutions, marketed under the N2Power™ brand, include standard, semi-custom and custom versions and provide OEM designers with increased functionality while reducing thermal loads and cooling requirements and lowering operating costs. These products are sold to OEMs in a wide range of markets, including telecom/networking equipment, audio/visual, industrial, gaming and medical.

More information is available at www.qualstar.com and www.n2power.com or by phone at 805-583-7744.

Adjusted EBITDA Non-GAAP Financial Measure

Adjusted EBITDA is a non-GAAP financial measure. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for non-routine expenses that may not be indicative of our core business operating results such as severance compensation, provisions (recoveries) for inventory net realizable value, gains/losses on marketable securities, gains/losses on foreign currency transactions, and non-cash expenses such as stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) is allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

The following table reconciles Net Income (Loss) to Adjusted EBITDA for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest income     (10 )     (21 )     (33 )     (97 )
Depreciation and amortization expense     1       2       3       5  
EBITDA     383       200       (802 )     514  
Adjustments to arrive at Adjusted EBITDA:                        
Employee Retention Credits     —       —       —       (239 )
Provisions (recoveries) for inventory net realizable value, net     (64 )     (22 )     934       35  
(Gains) losses on marketable securities, net     50       (158 )     189       (303 )
(Gains) losses on foreign currency transactions, net     —       (1 )     1       (27 )
Stock-based compensation expense     5       51       20       144  
Adjusted EBITDA   $ 374     $ 70     $ 342     $ 124  

The following tables reconcile gross profit, gross margin, income (loss) from operations, net income (loss), and earnings (loss) per share as prepared in accordance with GAAP to adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Gross profit   $ 934     $ 692     $ 1,099     $ 1,783  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     –       —       970       —  
Adjusted gross profit   $ 934     $ 692     $ 2,069     $ 1,783  
                         
Gross margin percentage     45.7 %     34.3 %     19.7 %     34.9 %
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     — %     — %     17.4 %     — %
Adjusted gross margin percentage     45.7 %     34.3 %     37.1 %     34.9 %
                         
      (in thousands)
Income (loss) from operations   $ 432     $ 39     $ (615 )   $ 179  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted income from operations   $ 432     $ 39     $ 355     $ 179  
                         
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted net income   $ 392     $ 219     $ 198     $ 606  
                         
Net earnings (loss) per share   $ 0.09     $ 0.05     $ (0.19 )   $ 0.14  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       0.24       —  
Adjusted net earnings per share   $ 0.09     $ 0.05     $ 0.05     $ 0.14  


Contact Information:

Steven N. Bronson
Chief Executive Officer
Qualstar Corporation
805-617-4419
IR@Qualstar.com

Delivered a Solid, Profitable Quarter Driven By Increased Demand in Tape Storage Solutions

CAMARILLO, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Qualstar Corporation (OTC: QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today reported financial results for the quarter ended September 30, 2026.

2026 and Recent Highlights

  • Recently filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, and reaffirmed its strategic decision to pursue a listing on a national securities exchange. 
  • The data storage business segment reported a 25% increase in revenues for the nine months ended September 30, 2026.
  • Strategic customer wins across multiple verticals.

Management Commentary

“We are very pleased with quarterly results,” said Steven N. Bronson, President and CEO. Mr. Bronson continued, “We are committed to driving organic growth through sales and product expansion.”

Consolidated Financial Results (Unaudited)

(Amounts in thousands except per share data and percentages)

                                                       
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026   2025     $ ∆   % ∆       2026   2025     $ ∆   % ∆  
                                                       
Revenues   $ 2,043     $ 2,018     $ 25   1.2 %   $ 5,570   $ 5,107     $ 463   9.1 %
Adjusted gross profit   $ 934     $ 692     $ 242   35.0 %   $ 2,069   $ 1,783     $ 286   16.0 %
Adjusted gross margin     45.7 %     34.3 %                 37.1 %   34.9 %            
                                                       
Adjusted income from operations   $ 432     $ 39                 $ 355   $ 179              
                                                       
Adjusted net income   $ 392     $ 219                 $ 198   $ 606              
                                                       
Adjusted earnings per share   $ 0.09     $ 0.05                 $ 0.05   $ 0.14              
                                                       
Adjusted EBITDA   $ 374     $ 70                 $ 342   $ 124              


Non-GAAP financial measures.
To supplement our financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measures: Adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. These non-GAAP financial measures exclude the net realizable value charge of $970,000 recorded in June 2026 on our slow-moving power supplies inventory due to the decreased demand from our customers in this segment. Management believes these measures provide useful information to investors by isolating the impact of this discrete item and allowing investors to better assess the Company’s operating performance. These measures should not be considered an alternative to, or more meaningful than, the corresponding measures prepared in accordance with U.S. GAAP. The Adjusted EBITDA non-GAAP financial measure is discussed below.

Revenue for the quarter increased 1% to $2.04 million, compared with $2.02 million in the prior-year quarter, and for the first nine months of 2026 increased 9% to $5.57 million, compared with $5.11 million in the first nine months of 2025, primarily driven by higher sales of data-storage products, offset in part by lower sales of power-supply products.

Adjusted gross margin for the quarter was 45.7%, compared with 34.3% in the prior-year quarter, and for the first nine months of 2026 was 37.1%, compared with 34.9% for the first nine months of 2025. The increases in adjusted gross profit and adjusted gross margin percentage for the 2026 periods were due to increases in revenues and favorable changes in our product mix.

Adjusted EBITDA for the third quarter of 2026 was $374,000, compared with $70,000 in the third quarter of 2025, and for the first nine months of 2026 was $342,000, compared with $124,000 for the first nine months of 2025.

The Company ended the quarter with $2.0 million in cash, cash equivalents, and marketable securities and no debt.

Qualstar makes available its annual financial statements, quarterly financial statements, and other significant reports and amendments to such reports, free of charge, on its website as soon as reasonably practicable after such reports are prepared. Please visit www.qualstar.com to view the Company’s financial results in more detail.

About Qualstar Corporation

Qualstar Corporation, founded in 1984, manufactures and markets data storage system products and compact, high-efficiency power solutions.

Our data storage systems are marketed under the Qualstar™ brand and include highly scalable automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in the network computing environment. Our products, sold through resellers, system integrators and OEMs, range from entry-level to enterprise and are a cost-effective solution for organizations requiring backup, recovery and archival storage of critical electronic information.

The Company’s power solutions, marketed under the N2Power™ brand, include standard, semi-custom and custom versions and provide OEM designers with increased functionality while reducing thermal loads and cooling requirements and lowering operating costs. These products are sold to OEMs in a wide range of markets, including telecom/networking equipment, audio/visual, industrial, gaming and medical.

More information is available at www.qualstar.com and www.n2power.com or by phone at 805-583-7744.

Adjusted EBITDA Non-GAAP Financial Measure

Adjusted EBITDA is a non-GAAP financial measure. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for non-routine expenses that may not be indicative of our core business operating results such as severance compensation, provisions (recoveries) for inventory net realizable value, gains/losses on marketable securities, gains/losses on foreign currency transactions, and non-cash expenses such as stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) is allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

The following table reconciles Net Income (Loss) to Adjusted EBITDA for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest income     (10 )     (21 )     (33 )     (97 )
Depreciation and amortization expense     1       2       3       5  
EBITDA     383       200       (802 )     514  
Adjustments to arrive at Adjusted EBITDA:                        
Employee Retention Credits     —       —       —       (239 )
Provisions (recoveries) for inventory net realizable value, net     (64 )     (22 )     934       35  
(Gains) losses on marketable securities, net     50       (158 )     189       (303 )
(Gains) losses on foreign currency transactions, net     —       (1 )     1       (27 )
Stock-based compensation expense     5       51       20       144  
Adjusted EBITDA   $ 374     $ 70     $ 342     $ 124  

The following tables reconcile gross profit, gross margin, income (loss) from operations, net income (loss), and earnings (loss) per share as prepared in accordance with GAAP to adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Gross profit   $ 934     $ 692     $ 1,099     $ 1,783  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     –       —       970       —  
Adjusted gross profit   $ 934     $ 692     $ 2,069     $ 1,783  
                         
Gross margin percentage     45.7 %     34.3 %     19.7 %     34.9 %
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     — %     — %     17.4 %     — %
Adjusted gross margin percentage     45.7 %     34.3 %     37.1 %     34.9 %
                         
      (in thousands)
Income (loss) from operations   $ 432     $ 39     $ (615 )   $ 179  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted income from operations   $ 432     $ 39     $ 355     $ 179  
                         
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted net income   $ 392     $ 219     $ 198     $ 606  
                         
Net earnings (loss) per share   $ 0.09     $ 0.05     $ (0.19 )   $ 0.14  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       0.24       —  
Adjusted net earnings per share   $ 0.09     $ 0.05     $ 0.05     $ 0.14  


Contact Information:

Steven N. Bronson
Chief Executive Officer
Qualstar Corporation
805-617-4419
IR@Qualstar.com

Delivered a Solid, Profitable Quarter Driven By Increased Demand in Tape Storage Solutions

CAMARILLO, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) — Qualstar Corporation (OTC: QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today reported financial results for the quarter ended September 30, 2026.

2026 and Recent Highlights

  • Recently filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, and reaffirmed its strategic decision to pursue a listing on a national securities exchange. 
  • The data storage business segment reported a 25% increase in revenues for the nine months ended September 30, 2026.
  • Strategic customer wins across multiple verticals.

Management Commentary

“We are very pleased with quarterly results,” said Steven N. Bronson, President and CEO. Mr. Bronson continued, “We are committed to driving organic growth through sales and product expansion.”

Consolidated Financial Results (Unaudited)

(Amounts in thousands except per share data and percentages)

                                                       
    Three Months Ended September 30,   Nine Months Ended September 30,
    2026   2025     $ ∆   % ∆       2026   2025     $ ∆   % ∆  
                                                       
Revenues   $ 2,043     $ 2,018     $ 25   1.2 %   $ 5,570   $ 5,107     $ 463   9.1 %
Adjusted gross profit   $ 934     $ 692     $ 242   35.0 %   $ 2,069   $ 1,783     $ 286   16.0 %
Adjusted gross margin     45.7 %     34.3 %                 37.1 %   34.9 %            
                                                       
Adjusted income from operations   $ 432     $ 39                 $ 355   $ 179              
                                                       
Adjusted net income   $ 392     $ 219                 $ 198   $ 606              
                                                       
Adjusted earnings per share   $ 0.09     $ 0.05                 $ 0.05   $ 0.14              
                                                       
Adjusted EBITDA   $ 374     $ 70                 $ 342   $ 124              


Non-GAAP financial measures.
To supplement our financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measures: Adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. These non-GAAP financial measures exclude the net realizable value charge of $970,000 recorded in June 2026 on our slow-moving power supplies inventory due to the decreased demand from our customers in this segment. Management believes these measures provide useful information to investors by isolating the impact of this discrete item and allowing investors to better assess the Company’s operating performance. These measures should not be considered an alternative to, or more meaningful than, the corresponding measures prepared in accordance with U.S. GAAP. The Adjusted EBITDA non-GAAP financial measure is discussed below.

Revenue for the quarter increased 1% to $2.04 million, compared with $2.02 million in the prior-year quarter, and for the first nine months of 2026 increased 9% to $5.57 million, compared with $5.11 million in the first nine months of 2025, primarily driven by higher sales of data-storage products, offset in part by lower sales of power-supply products.

Adjusted gross margin for the quarter was 45.7%, compared with 34.3% in the prior-year quarter, and for the first nine months of 2026 was 37.1%, compared with 34.9% for the first nine months of 2025. The increases in adjusted gross profit and adjusted gross margin percentage for the 2026 periods were due to increases in revenues and favorable changes in our product mix.

Adjusted EBITDA for the third quarter of 2026 was $374,000, compared with $70,000 in the third quarter of 2025, and for the first nine months of 2026 was $342,000, compared with $124,000 for the first nine months of 2025.

The Company ended the quarter with $2.0 million in cash, cash equivalents, and marketable securities and no debt.

Qualstar makes available its annual financial statements, quarterly financial statements, and other significant reports and amendments to such reports, free of charge, on its website as soon as reasonably practicable after such reports are prepared. Please visit www.qualstar.com to view the Company’s financial results in more detail.

About Qualstar Corporation

Qualstar Corporation, founded in 1984, manufactures and markets data storage system products and compact, high-efficiency power solutions.

Our data storage systems are marketed under the Qualstar™ brand and include highly scalable automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in the network computing environment. Our products, sold through resellers, system integrators and OEMs, range from entry-level to enterprise and are a cost-effective solution for organizations requiring backup, recovery and archival storage of critical electronic information.

The Company’s power solutions, marketed under the N2Power™ brand, include standard, semi-custom and custom versions and provide OEM designers with increased functionality while reducing thermal loads and cooling requirements and lowering operating costs. These products are sold to OEMs in a wide range of markets, including telecom/networking equipment, audio/visual, industrial, gaming and medical.

More information is available at www.qualstar.com and www.n2power.com or by phone at 805-583-7744.

Adjusted EBITDA Non-GAAP Financial Measure

Adjusted EBITDA is a non-GAAP financial measure. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for non-routine expenses that may not be indicative of our core business operating results such as severance compensation, provisions (recoveries) for inventory net realizable value, gains/losses on marketable securities, gains/losses on foreign currency transactions, and non-cash expenses such as stock-based compensation expense.

We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) is allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

The following table reconciles Net Income (Loss) to Adjusted EBITDA for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA):                        
Interest income     (10 )     (21 )     (33 )     (97 )
Depreciation and amortization expense     1       2       3       5  
EBITDA     383       200       (802 )     514  
Adjustments to arrive at Adjusted EBITDA:                        
Employee Retention Credits     —       —       —       (239 )
Provisions (recoveries) for inventory net realizable value, net     (64 )     (22 )     934       35  
(Gains) losses on marketable securities, net     50       (158 )     189       (303 )
(Gains) losses on foreign currency transactions, net     —       (1 )     1       (27 )
Stock-based compensation expense     5       51       20       144  
Adjusted EBITDA   $ 374     $ 70     $ 342     $ 124  

The following tables reconcile gross profit, gross margin, income (loss) from operations, net income (loss), and earnings (loss) per share as prepared in accordance with GAAP to adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted net income, and adjusted earnings per share for the three and nine months ended September 30, 2026 and 2025:

                         
    Three Months Ended
September 30,
  Nine Months Ended
September 30,
    2026     2025     2026     2025  
      (in thousands)
Gross profit   $ 934     $ 692     $ 1,099     $ 1,783  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     –       —       970       —  
Adjusted gross profit   $ 934     $ 692     $ 2,069     $ 1,783  
                         
Gross margin percentage     45.7 %     34.3 %     19.7 %     34.9 %
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     — %     — %     17.4 %     — %
Adjusted gross margin percentage     45.7 %     34.3 %     37.1 %     34.9 %
                         
      (in thousands)
Income (loss) from operations   $ 432     $ 39     $ (615 )   $ 179  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted income from operations   $ 432     $ 39     $ 355     $ 179  
                         
      (in thousands)
Net income (loss)   $ 392     $ 219     $ (772 )   $ 606  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       970       —  
Adjusted net income   $ 392     $ 219     $ 198     $ 606  
                         
Net earnings (loss) per share   $ 0.09     $ 0.05     $ (0.19 )   $ 0.14  
Add-back: Net realizable value charge of $970 recorded in June 2026 on our slow-moving power supplies inventory     —       —       0.24       —  
Adjusted net earnings per share   $ 0.09     $ 0.05     $ 0.05     $ 0.14  


Contact Information:

Steven N. Bronson
Chief Executive Officer
Qualstar Corporation
805-617-4419
IR@Qualstar.com

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