Immersion Q4 2019 Earnings Report
Key Takeaways
Immersion Corporation reported a positive fourth quarter, with a 5% increase in total revenues to $11.5 million compared to $10.9 million in the fourth quarter of 2018. GAAP net income was $979 thousand, or $0.03 per diluted share, compared to a GAAP net loss of $3.1 million, or $0.10, in the fourth quarter of 2018. Non-GAAP net income was $3.1 million, or $0.10 per diluted share, compared to a non-GAAP net loss of $678 thousand, or $0.02, in the fourth quarter of 2018.
Total revenues grew five percent to $11.5 million.
GAAP net income was $979 thousand, or $0.03 per diluted share.
Non-GAAP net income was $3.1 million, or $0.10 per diluted share.
Cash, cash equivalents and short-term investments totaled $89.5 million.
Immersion
Immersion
Immersion Revenue by Segment
Forward Guidance
Immersion is projecting total revenues for the year of $31 to $35 million. Non-GAAP net income per diluted share is anticipated to be in the range of $0.04 to $0.19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income