Immersion Q4 2021 Earnings Report
Key Takeaways
Immersion Corporation reported total revenues of $9.7 million for Q4 2021, compared to $10.9 million in Q4 2020. GAAP net income was $1.3 million, or $0.04 per diluted share, compared to $8.1 million, or $0.30 per diluted share, in the fourth quarter of 2020.
Total revenues were $9.7 million, a decrease from $10.9 million in Q4 2020.
GAAP operating expenses decreased by 31% to $3.9 million from $5.7 million in Q4 2020.
GAAP net income was $1.3 million, or $0.04 per diluted share, compared to $8.1 million, or $0.30 per diluted share, in Q4 2020.
Non-GAAP net income was $5.8 million, or $0.17 per diluted share, compared to $8.0 million, or $0.29 per diluted share in Q4 2020.
Immersion
Immersion
Immersion Revenue by Segment
Immersion Revenue by Geographic Location
Forward Guidance
The company is currently focused on pursuing opportunities to drive the adoption of our haptics intellectual property in the automotive industry, especially in the burgeoning electric vehicle market; establishing industry technical standards for haptics in mobility and gaming; and ensuring that our intellectual property is recognized in the emerging AR/VR/metaverse market, either through execution of licenses or by proactive enforcement.
Revenue & Expenses
Visualization of income flow from segment revenue to net income