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Dec 31, 2022
Immersion Q4 2022 Earnings Report
Immersion's financial performance for Q4 2022 was reported, showing a mix of revenue decrease and significant net income increase.
Key Takeaways
Immersion Corporation reported a decrease in total revenues for Q4 2022, from $9.7 million to $9.2 million. However, GAAP net income significantly increased to $19.7 million, or $0.60 per diluted share, compared to $1.3 million, or $0.04 per diluted share, in Q4 2021. The company declared its second consecutive quarterly dividend of $0.03 per share.
Total revenues decreased slightly to $9.2 million compared to $9.7 million in Q4 2021.
GAAP net income increased significantly to $19.7 million, or $0.60 per diluted share.
Non-GAAP net income increased to $14.8 million, or $0.45 per diluted share.
The company declared a quarterly dividend of $0.03 per share.
Immersion
Immersion
Forward Guidance
Immersion is focused on protecting its intellectual property through new and renewed license agreements and proactive enforcement. They are also pursuing thoughtful capital allocation to increase long-term shareholder value.
Positive Outlook
- Focus on protecting intellectual property.
- Execution of new license agreements.
- Renewal of existing agreements.
- Proactive enforcement of intellectual property rights.
- Pursuit of thoughtful capital allocation.