Loading...
•
Mar 31, 2021
Immersion Q1 2021 Earnings Report
Immersion reported a 14% revenue growth, positive operating cash flow, and strong profitability in Q1 2021.
Key Takeaways
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.
Total revenues were $7.2 million, compared to $6.3 million in the first quarter of 2020.
GAAP operating expenses declined 57% from $10.8 million in the first quarter of 2020 to $4.6 million.
GAAP net income was $2.0 million, or $0.07 per diluted share, compared to GAAP net loss of $4.8 million, or $0.16, in the first quarter of 2020.
Cash and cash equivalents totaled $102.6 million as of March 31, 2021.
Immersion
Immersion
Forward Guidance
Immersion expects continued sequential improvement in revenue and operating income for the remainder of the year.