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Immersion Corporation  (IMMR)
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Price: $8.3700 $0.04 0.480%
Day's High: $8.56 Week Perf: 12.8 %
Day's Low: $ 8.23 30 Day Perf: 20.26 %
Volume (M): 966 52 Wk High: $ 9.25
Volume (M$): $ 8,083 52 Wk Avg: $7.05
Open: $8.35 52 Wk Low: $5.94



 Market Capitalization (Millions $) 273
 Shares Outstanding (Millions) 33
 Employees -
 Revenues (TTM) (Millions $) 34
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 0

Immersion Corporation
Immersion Corporation is a leading haptic technology company based in San Jose, California. They specialize in creating and licensing advanced touch feedback and vibration technologies. Their haptic technology allows users to experience realistic tactile sensations when interacting with digital devices or virtual reality environments. Immersion's technology enhances the user experience in various industries, including gaming, automotive, healthcare, and consumer electronics. They have a strong portfolio of over 3,900 issued or pending patents and are recognized for their innovative and immersive touch solutions.


   Company Address: 2999 N.E. 191st Street, Suite 610 Aventura 33180 FL
   Company Phone Number: 467-1900   Stock Exchange / Ticker: NASDAQ IMMR
   


   

Stock Performances by Major Competitors

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Immersion Corporation

Striking Discrepancy: Immersion Corporation's Strong Revenue Growth Overshadowed by Earnings Decline in Q4 2023



Immersion Corporation, a leading provider of haptics technologies, recently released its financial results for the fourth quarter and full year ended December 31, 2023. The company witnessed an increase in revenue but experienced a decline in earnings per share (EPS) during this period. Additionally, Immersion Corporation entered into a significant licensing agreement with Meta Platforms, Inc. (formerly known as Facebook, Inc.) to integrate cutting-edge haptic technologies into VR and gaming products.
Financial Results Overview:
In the fourth quarter of 2023, Immersion Corporation reported a revenue growth of 13.269% to $10.38 million compared to the same reporting period in the previous year. This increase was higher than the revenue improvement reported by its competitors within the Computer Peripherals & Office Equipment sector.

Product Service News

Immersion Corporation and Meta Platforms, Inc. Forge Partnership to Elevate VR and Gaming Experiences with Cutting-edge Haptic Technologies

Published Wed, Feb 14 2024 2:00 PM UTC

Immersion Corporation Signs License Agreement with Meta Platforms, Inc. (formerly known as Facebook, Inc.), Enabling Breakthrough Haptic Technologies in VR and Gaming ProductsIn a groundbreaking move for haptic technology advancements in the virtual reality (VR) and gaming industries, Immersion Corporation announced its recent license agreement with Meta Platforms, Inc. (for...

Immersion Corporation

Immersion Corporation's Revenue Plummets and Profits Diminish Significantly During Q3 2023

Immersion Corporation (IMMR) has experienced a significant decline in profitability during the third quarter of the 2023 earnings season. Net profit per share has plunged by -65.22% from $0.23 per share in the previous year to $0.08 per share. The company's profit also dropped by -61.9% from $0.21 per share in the previous reporting period.
The decline in profitability is also reflected in the company's revenue figures. The revenue has faded by -32.3% to $9.48 million from $14.01 million in the corresponding reporting period a year before. However, there has been a sequential increase in revenue by 35.787% from $6.98 million.

Contract

Razer and Immersion's Licensing Agreement Ushers in a New Era of Immersive Gaming Experience

Published Thu, Nov 2 2023 6:00 PM UTC

Immersion Signs Licensing Agreement with Razer: A Boost to Gaming Experience
AVENTURA, Fla. - Immersion Corporation (NASDAQ: IMMR), a pioneering company specializing in haptic technology patents, has recently announced the signing of a multi-year license agreement with Razer (Asia-Pacific) Pte. Ltd. This agreement aims to incorporate Immersion's cutting-edge patents into...

Immersion Corporation

Immersion Corporation's Resilience Shines as Q2 2023 Report Reveals Positive Growth amidst Sector Struggles


Introduction
The Immersion Corporation has recently released its fiscal second-quarter earnings report for 2023, showcasing notable improvements in the company's financial performance. While the Computer Peripherals & Office Equipment sector struggled, Immersion Corporation managed to achieve positive bottom-line growth and a significant increase in net income. This article will delve into the key facts and figures from the report, shedding light on the company's financial health and prospects for the future.
Positive Bottom-line Growth
In the fiscal second quarter of 2023, the Immersion Corporation's bottom-line turned positive, reporting a profit of $0.21 per share. This marks a significant improvement from a loss of $-0.05 per share in the same period a year before. The company's profitability, however, declined by -16% from the previous reporting period, where earnings per share stood at $0.25. This drop is attributed to various factors related to market competition and industry challenges.






 

Immersion's Segments
 
 
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Immersion does not provide revenue guidance.

Earnings Outlook
Immersion Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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