Immersion Corp Stock Price, News & Analysis

Immersion (Nasdaq: IMMR) announced that its Board adopted a temporary shareholder rights plan to reduce the likelihood any person or group can acquire control without compensating shareholders. The plan is triggered if any person/group acquires beneficial ownership of more than 9.99% of outstanding common stock and remains in effect through October 31, 2026. The Board approved the plan after receiving a November 3, 2025 letter from shareholder Scott A. Larson and cited concerns about inaccuracies in that letter.

The company said it has paused its share repurchase program, maintains a closed insider trading window, and cannot release current financials while a BNED investigation and restatement continues. The Board emphasized management and directors hold significant ownership and highlighted prior capital returns via repurchases and special dividends.

Immersion (Nasdaq: IMMR)delinquency compliance alert from Nasdaq on September 29, 2025 for failing to timely file its Form 10-Q for the quarter ended July 31, 2025. The company previously received a Nasdaq notice on August 20, 2025 for failing to timely file its Form 10-K for the year ended April 30, 2025.

Under Nasdaq rules Immersion has until October 20, 2025 to submit a plan to regain compliance and, if accepted, until February 9, 2026 to regain compliance. The delays stem from audit committee investigations and an ongoing restatement, including consolidation work for subsidiary BNED.

Immersion Corporation (NASDAQ:IMMR), a haptics technology provider, has received a delinquency compliance alert from Nasdaq on August 20, 2025. The notice was issued due to the company's failure to file its Annual Report (Form 10-K) for the fiscal year ended April 30, 2025, within the required timeframe.

The delay is attributed to an ongoing internal investigation by the audit committee of Barnes & Noble Education (BNED), a subsidiary of Immersion. The company has 60 calendar days to submit a compliance plan to Nasdaq. The filing completion depends on BNED's investigation conclusion and the consolidation of its financial information.

Immersion (IMMR) reported strong financial results for Q3 fiscal 2025. Total revenues reached $474.8 million for the quarter ending January 31, 2025, compared to $9.5 million in the previous comparable period.

The company achieved GAAP net income of $15.5 million ($0.47 per diluted share) and Non-GAAP net income of $20.8 million ($0.63 per diluted share). Operating expenses increased to $79.6 million GAAP and $74.2 million Non-GAAP.

Notable events include the acquisition of a 42% stake in Barnes & Noble Education on June 10, 2024, which later reduced to 32.3%. The company returned over $9 million to shareholders through dividends and buybacks, with the next quarterly dividend of $0.045 per share scheduled for April 25, 2025.

Immersion (IMMR) reported strong financial results for Q2 FY2025. Total revenues reached $616.2 million, compared to $7.0 million in the previous comparable period. GAAP net income attributable to stockholders was $27.2 million ($0.83 per diluted share), up from $7.0 million ($0.21 per diluted share). Non-GAAP net income was $40.2 million ($1.22 per diluted share), compared to $8.4 million ($0.26 per diluted share).

The company acquired a 42% stake in Barnes & Noble Education on June 10, 2024, which was later reduced to 41.2%. The Board declared a special cash dividend of $0.245 per share, payable on January 24, 2025, to stockholders of record on January 10, 2025.

Immersion (NASDAQ: IMMR) reported strong Q2 2024 financial results, with total revenues reaching $99.4 million, up from $7.0 million in Q2 2023. GAAP net income attributable to Immersion stockholders was $28.9 million ($0.89 per diluted share), while non-GAAP net income was $37.0 million ($1.14 per diluted share). The company's standalone royalty and license revenue increased to $52.4 million. Immersion also acquired a 42% stake in Barnes & Noble Education, gaining control through board appointments. The company's non-GAAP stockholders' equity grew by $53.0 million to $236.1 million. A quarterly dividend of $0.045 per share was declared, payable on October 18, 2024.

Barnes & Noble Education (NYSE: BNED) has completed significant equity and refinancing transactions to strengthen its balance sheet and support future growth. The company received $95 million in new equity capital from a $50 million private investment and a $45 million equity rights offering. Additionally, $34 million of second lien debt was converted to equity. BNED has also extended its asset-based loan facility, providing access to a $325 million revolving loan maturing in 2028. A 1-for-100 reverse stock split will take effect on June 11, 2024, to meet NYSE listing requirements. These initiatives aim to enhance financial flexibility and reduce interest expenses.

Barnes & Noble Education (BNED) announced the results of its $45 million equity rights offering, which concluded on June 5, 2024. Shareholders subscribed for approximately 71% of the 900 million shares offered at $0.05 per share. The remaining shares will be purchased by Immersion and other existing stockholders under a backstop agreement, totaling $12.9 million. Additionally, BNED will receive $50 million through a private investment led by Immersion. These transactions include converting $34 million of second lien debt to equity and refinancing the company's ABL facility. Proceeds will be used to reduce debt and cover transaction expenses. The transactions are expected to close around June 10, 2024.

Barnes & Noble Education (BNED) announced shareholder approval for significant equity and refinancing transactions led by Immersion These transactions include a $50 million equity investment and a $45 million equity rights offering, yielding $95 million in new equity capital.

Additionally, $34 million in second lien debt will be converted to equity. BNED will also refinance its asset-backed loan facility, accessing a $325 million facility maturing in 2028. These measures aim to enhance BNED's financial position, reduce interest expenses, and support strategic innovation investments.

The shareholder meeting also approved the appointment of five new directors to the board, along with two reappointments, effective with the transaction's closure.