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Sep 30, 2021
Immersion Q3 2021 Earnings Report
Immersion's financial performance remained relatively stable with a slight decrease in revenue and an increase in net income compared to the same quarter last year.
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
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.