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Dec 31, 2023
Immersion Q4 2023 Earnings Report
Immersion reported an increase in revenue and net income for Q4 2023 compared to the previous year.
Key Takeaways
Immersion Corporation reported Q4 2023 financial results, with total revenues of $10.4 million and GAAP net income of $16.0 million, or $0.49 per diluted share. Non-GAAP net income was $16.9 million, or $0.52 per diluted share. The company repurchased 319,017 shares during the quarter.
Total revenues for Q4 2023 were $10.4 million, up from $9.2 million in Q4 2022.
GAAP net income for Q4 2023 was $16.0 million, or $0.49 per diluted share.
Non-GAAP net income for Q4 2023 was $16.9 million, or $0.52 per diluted share.
The company repurchased 319,017 shares in Q4 2023.
Immersion
Immersion
Immersion Revenue by Segment
Revenue by Segment
Royalty and license Revenue
CapyFin.com Forward Guidance
Immersion continues to focus on protecting its intellectual property, renewing license deals, and allocating capital thoughtfully. The company's strong balance sheet positions it well for 2024.
Positive Outlook
- Focus on protecting intellectual property
- Renewing license agreements
- Thoughtful capital allocation
- Strong balance sheet
- Increasing stockholder's equity
Challenges Ahead
- Inability to predict litigation outcomes
- Costs associated with litigation
- Risks related to initiating litigation
- Unanticipated changes in markets
- Effects of macroeconomic climate