Immersion Earnings Reports

Immersion Corporation reported a substantial increase in total revenues to $616.2 million and GAAP net income attributable to Immersion stockholders of $27.2 million, or $0.83 per diluted share, for the second quarter of fiscal year 2025. These results reflect the inclusion of Barnes & Noble Education's financial information following Immersion's acquisition of a controlling interest in the company. The company also declared a special cash dividend of $0.245 per share.

Immersion Corporation reported a significant increase in revenue and net income for the second quarter of 2024. Total revenues reached $99.4 million, compared to $7.0 million in the same quarter of the previous year. GAAP net income attributable to Immersion stockholders was $28.9 million, or $0.89 per diluted share, compared to $7.0 million, or $0.21 per diluted share, in the second quarter of 2023. The company's investment in Barnes & Noble Education contributed to the increased revenue and stockholders' equity.

Immersion Corporation reported Q4 2023 financial results, with total revenues of $10.4 million and GAAP net income of $16.0 million, or $0.49 per diluted share. Non-GAAP net income was $16.9 million, or $0.52 per diluted share. The company repurchased 319,017 shares during the quarter.

Immersion Corporation reported a decrease in revenue for Q3 2023, with total revenues of $9.5 million compared to $14.0 million in Q3 2022. Despite the revenue decline, the company's GAAP net income was $2.7 million, or $0.08 per diluted share. Immersion repurchased 1.5% of shares outstanding and increased the quarterly dividend by 50 percent. They also announced the filing of a second patent lawsuit against Meta.

Immersion Corporation reported a decrease in revenue compared to the same quarter last year, but net income improved significantly. The company repurchased 1.3% of shares outstanding and extended its share repurchase program.

Immersion Corporation reported its Q1 2023 financial results, showing a GAAP net income of $8.3 million, or $0.25 per diluted share, and a non-GAAP net income of $11.0 million, or $0.33 per diluted share. The company's total revenues were $7.1 million. They also declared their third consecutive quarterly dividend.

Immersion Corporation reported a decrease in total revenues for Q4 2022, from $9.7 million to $9.2 million. However, GAAP net income significantly increased to $19.7 million, or $0.60 per diluted share, compared to $1.3 million, or $0.04 per diluted share, in Q4 2021. The company declared its second consecutive quarterly dividend of $0.03 per share.

Immersion Corporation reported a significant increase in revenue and net income for the third quarter of 2022. Total revenues increased to $14.0 million, and GAAP net income reached $7.7 million, or $0.23 per diluted share. The company also repurchased 7 percent of shares outstanding year to date and announced a quarterly dividend.

Immersion Corporation reported a decrease in total revenues to $8.0 million compared to $11.0 million in the second quarter of 2021. The company filed a legal complaint against Meta Platforms, Inc. alleging patent infringement and closed a multi-year renewal license with Google / FitBit.

Immersion Corporation reported first quarter 2022 financial results with total revenues of $7.3 million and GAAP net income of $5.1 million, or $0.15 per diluted share. The company's cash position increased by $11.5 million sequentially, inclusive of $4.4 million in stock repurchases.

Immersion Corporation reported total revenues of $9.7 million for Q4 2021, compared to $10.9 million in Q4 2020. GAAP net income was $1.3 million, or $0.04 per diluted share, compared to $8.1 million, or $0.30 per diluted share, in the fourth quarter of 2020.

Immersion Corporation reported its third quarter 2021 financial results, with total revenues of $7.2 million, a slight decrease from $7.6 million in the third quarter of 2020. GAAP net income increased to $3.8 million, or $0.12 per diluted share, compared to $2.9 million, or $0.11 per diluted share, in the same period last year. Non-GAAP net income also increased to $4.7 million, or $0.15 per diluted share, from $4.1 million, or $0.15 per diluted share, in the third quarter of 2020.

Immersion Corporation reported a strong second quarter with total revenues of $11.0 million, a significant increase from $5.7 million in the same quarter last year. The company achieved GAAP net income of $5.3 million, or $0.17 per diluted share, compared to a net loss last year. Non-GAAP net income was $7.2 million, or $0.23 per diluted share. Cash and cash equivalents totaled $107.3 million.

Immersion Corporation reported financial results for the first quarter ended March 31, 2021, with total revenues of $7.2 million, a GAAP net income of $2.0 million, and cash and cash equivalents totaling $102.6 million.

Immersion Corporation reported a strong fourth quarter with a 40% increase in revenue compared to the previous quarter. The company achieved GAAP net income of $8.1 million, or $0.30 per diluted share, and non-GAAP net income of $8.0 million, or $0.29 per diluted share. Cash and cash equivalents increased to $59.5 million.

Immersion Corporation reported a profitable third quarter, with earnings per share of $0.11 on a GAAP basis and $0.15 on a non-GAAP basis. The company saw continued sequential improvement in revenue and earnings and announced a leadership transition.

Immersion Corporation reported a 22% increase in revenue compared to the same quarter last year. GAAP operating expenses decreased by 35% year-over-year. The company repurchased $12 million of common stock during the quarter.

Immersion Corporation reported a positive fourth quarter, with a 5% increase in total revenues to $11.5 million compared to $10.9 million in the fourth quarter of 2018. GAAP net income was $979 thousand, or $0.03 per diluted share, compared to a GAAP net loss of $3.1 million, or $0.10, in the fourth quarter of 2018. Non-GAAP net income was $3.1 million, or $0.10 per diluted share, compared to a non-GAAP net loss of $678 thousand, or $0.02, in the fourth quarter of 2018.