Immersion Q3 2021 Earnings Report
Key Takeaways
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.
Total revenues were $7.2 million, a slight decrease from $7.6 million in Q3 2020.
Royalty and license revenues amounted to $7.1 million, compared to $7.5 million in Q3 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 Q3 2020.
Non-GAAP net income increased to $4.7 million, or $0.15 per diluted share, from $4.1 million, or $0.15 per diluted share, in Q3 2020.
Immersion
Immersion
Immersion Revenue by Segment
Forward Guidance
The press release includes forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those projected in the forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income