Immersion Q1 2022 Earnings Report
Key Takeaways
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.
Total revenues were $7.3 million, compared to $7.2 million in the first quarter of 2021.
GAAP operating expenses declined 20% to $3.7 million from $4.6 million in the first quarter of 2021.
GAAP net income was $5.1 million, or $0.15 per diluted share, compared to $2.0 million, or $0.07 per diluted share, in the first quarter of 2021.
Cash, cash equivalents and short-term investments was $146.5 million as of March 31, 2022.
Immersion
Immersion
Immersion Revenue by Segment
Forward Guidance
We are laser-focused on ensuring our relevant intellectual property for the AR/VR/metaverse market is recognized, either through the execution of licenses or by proactive enforcement.
Revenue & Expenses
Visualization of income flow from segment revenue to net income