Immersion Q2 2021 Earnings Report
Key Takeaways
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.
Total revenues reached $11.0 million, up from $5.7 million in Q2 2020.
GAAP net income was $5.3 million, or $0.17 per diluted share, a significant improvement from the net loss in Q2 2020.
Non-GAAP net income was $7.2 million, or $0.23 per diluted share.
Cash and cash equivalents totaled $107.3 million as of June 30, 2021.
Immersion
Immersion
Immersion Revenue by Segment
Immersion Revenue by Geographic Location
Forward Guidance
The Company has not reconciled the non-GAAP financial measures guidance to the corresponding GAAP measures on a forward-looking basis due to the uncertainty and the potential variability of many of the costs and expenses that may be incurred in the future. Accordingly, reconciliations of the Company’s forward-looking non-GAAP financial measures to the corresponding GAAP measures are not available without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income