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Immersion Q3 2025 Earnings Report
Immersion Corporation reported its third quarter of fiscal year 2025 results, showing significant increases in total revenues, GAAP net income, and non-GAAP net income compared to the previous quarter.
Key Takeaways
Immersion Corporation announced strong financial performance for the third quarter of fiscal 2025, with total revenues reaching $474.8 million, a substantial increase from $9.5 million in the prior quarter. GAAP net income attributable to Immersion stockholders was $15.5 million, or $0.47 per diluted share, and non-GAAP net income was $20.8 million, or $0.63 per diluted share.
Total revenues for the quarter were $474.8 million, significantly up from $9.5 million in the three months ended September 30, 2023.
GAAP Net income attributable to Immersion stockholders was $15.5 million ($0.47 per diluted share) for the quarter.
Non-GAAP Net income attributable to Immersion stockholders was $20.8 million ($0.63 per diluted share) for the quarter.
The company's operating expenses were $79.6 million, with non-GAAP operating expenses at $74.2 million.
Immersion
Immersion
Immersion Revenue by Segment
Revenue by Segment
Royalty and license Revenue
CapyFin.comProduct and other Revenue
CapyFin.comRental income Revenue
CapyFin.com Forward Guidance
The company plans to pay a quarterly dividend of $0.045 per share on April 25, 2025. Future dividends are subject to Board review and approval, and the Board reserves the right to adjust or withdraw the dividend.
Positive Outlook
- Continued focus on building the business and creating long-term shareholder value.
- Commitment to returning value to shareholders through dividends.
- Strategic alignment of fiscal year end with Barnes & Noble Education for improved comparability.
- Ongoing efforts to protect intellectual property through new or renewal license agreements and proactive enforcement.
- Pursuing thoughtful capital allocation to increase long-term stockholder value.
Challenges Ahead
- Financial results of certain fiscal quarters may not be comparable to prior fiscal quarters due to a change in fiscal year end.
- The company did not recast condensed consolidated financial statements for prior periods due to impracticality and cost.
- Future quarterly dividends are subject to review and approval by the Board and may be adjusted or withdrawn.
- Inherent uncertainties, risks, and changes in circumstances could cause actual results to differ materially from forward-looking statements.
- Risks include litigation outcomes, market changes, adoption of products, renewal of licensing arrangements, and loss of major customers.