Immersion Q1 2023 Earnings Report
Key Takeaways
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.
Total revenues were $7.1 million, a slight decrease from $7.3 million in Q1 2022.
GAAP net income increased to $8.3 million, or $0.25 per diluted share, compared to $5.1 million, or $0.15 per diluted share, in Q1 2022.
Non-GAAP net income rose to $11.0 million, or $0.33 per diluted share, compared to $6.9 million, or $0.20 per diluted share, in Q1 2022.
The company declared its third consecutive quarterly dividend of $0.03 per share and continues to execute a $50 million stock repurchase program.
Immersion
Immersion
Immersion Revenue by Segment
Forward Guidance
Immersion Corporation did not provide specific financial forward guidance in its earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income