Welcome to our dedicated page for Immersion news (Ticker: IMMR), a resource for investors and traders seeking the latest updates and insights on Immersion stock.
Immersion Corporation (NASDAQ: IMMR) is a technology and intellectual property licensing company focused on haptic, or touch feedback, technology, and it also consolidates the operations of Barnes & Noble Education following the acquisition of a controlling interest. The IMMR news feed highlights how these two components of the business appear in company announcements, earnings releases, and regulatory updates.
News about Immersion frequently covers financial results, including quarterly and fiscal year earnings releases that discuss royalty and license revenue from haptics, consolidated results that include Barnes & Noble Education, and the company’s use of non-GAAP measures. These releases describe how Barnes & Noble Education’s campus bookstore and education services business is reflected in Immersion’s consolidated revenues and operating metrics.
Another recurring news theme involves regulatory and reporting developments. Immersion has issued press releases and filed reports regarding delayed SEC filings, Nasdaq delinquency compliance alert notices, and the planned restatement of certain previously issued interim financial statements. Related items detail internal investigations at Barnes & Noble Education concerning the recording of cost of sales and digital sales, and the anticipated impact on Immersion’s financial reporting and internal controls.
Investors following IMMR news will also see updates on capital allocation and governance, such as announcements of quarterly and special dividends, changes to the dividend level, and the adoption of a temporary shareholder rights plan intended to address potential control transactions. Board decisions about fiscal year changes and shareholder meeting timing are also reported through company releases and Form 8-K filings.
By monitoring this news stream, readers can track how Immersion’s haptics licensing business, its consolidated Barnes & Noble Education operations, dividend policies, and SEC and Nasdaq interactions evolve over time.
Immersion Corporation (NASDAQ: IMMR) reported Q4 2021 revenues of $9.7 million, down from $10.9 million in Q4 2020. GAAP net income decreased to $1.3 million ($0.04 per share) from $8.1 million ($0.30 per share) in the previous year, driven by tax treatments for foreign subsidiaries. For FY 2021, revenues rose to $35.1 million, up from $30.5 million in 2020, with net income of $12.5 million ($0.39 per share), significantly improved from $5.4 million ($0.19 per share) in 2020. Immersion continues to focus on profitability and expanding its haptic technology in automotive and gaming sectors.
Immersion Corporation (NASDAQ: IMMR) has entered a partnership with Nissha to integrate its Active Sensing™ haptic technology into automotive products. This collaboration will allow Nissha to enhance user interface solutions in vehicles, utilizing Immersion's advanced haptic systems for features like programmable buttons and sliders with tactile feedback. Immersion's technology is already prevalent in the automotive industry, powering various interfaces. The partnership aims to innovate the user experience in automotive designs, aligning with the trend of increasing haptic integration in vehicles.
Immersion Corporation (NASDAQ: IMMR) has announced a licensing agreement with Duck-il, a South Korea-based automotive supplier, for the integration of its haptic technology in automotive interfaces. The partnership aims to enhance tactile user experiences in vehicles, a growing trend in modern automotive designs. Immersion is expected to report its financial results for Q4 2021 and the fiscal year 2021 on February 24, 2022.
Immersion Corporation (NASDAQ: IMMR) reported its third-quarter financial results for the period ending September 30, 2021. Total revenues were $7.2 million, a decrease from $7.6 million year-over-year. The company generated $7.1 million in royalty and license revenues, down from $7.5 million in the previous year. Operating expenses showed a significant decline, with GAAP expenses at $3.5 million, down 30%, and non-GAAP expenses at $2.8 million, down 22%. GAAP net income rose to $3.8 million ($0.12 per diluted share), compared to $2.9 million ($0.11 per diluted share) a year earlier.
Immersion Corporation (NASDAQ: IMMR) reported strong financial results for Q2 2021, achieving total revenues of $11.0 million, up from $5.7 million in Q2 2020. Royalty and license revenues rose to $10.9 million, with GAAP net income of $5.3 million or $0.17 per diluted share. Notable operating expense reductions were recorded, with GAAP expenses falling 23% to $5.2 million. The company highlighted successful partnerships in automotive, gaming, and mobile markets, including expanded agreements with Stanley Electric and AsusTek.
Immersion Corporation (NASDAQ: IMMR) has signed a license agreement with TITAN Haptics, allowing mobile phone and wearable OEMs that use TITAN's Linear Magnetic Ram (LMR) actuators access to Immersion's haptic patents. This partnership aims to enhance haptic feedback technology in mobile devices and expand Immersion's reach in China and global markets. LMR technology is praised for its compact design and ability to deliver diverse haptic experiences, including realistic button clicks, thus facilitating the development of virtual buttons without compromising tactile feel.
Immersion Corporation (NASDAQ: IMMR) has expanded its licensing agreement with Stanley Electric Co., Ltd. to enhance automotive haptic technology. This move signifies the growing adoption of haptics in new car models, providing high-fidelity touch feedback across various in-vehicle interfaces, such as entertainment and climate control systems. Nobumitsu Shimada of Immersion emphasized the importance of technological advancements in promoting this trend. Immersion continues to lead in touch feedback technology across sectors, including automotive and consumer electronics.
Immersion Corporation (NASDAQ: IMMR), a leader in haptic technology, will release its Q2 2021 financial results on August 16, 2021, after market close. A conference call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Participants should call 866-548-4713 and enter conference ID: 1989215 at least ten minutes early. A replay will be available until August 26, 2021, at 888-203-1112. The call will also be accessible through a live and archived webcast on Immersion's Investor Relations website.
Immersion Corporation (NASDAQ: IMMR) reported preliminary fiscal second quarter results for the period ending June 30, 2021, expecting revenues of $10.5 to $11.0 million. GAAP operating expenses are projected to be $5.1 to $5.5 million, with net income anticipated between $5.0 and $5.5 million or $0.16 to $0.18 per diluted share. Non-GAAP operating expenses are expected at $3.9 to $4.3 million, and non-GAAP net income is forecasted to be $6.8 to $7.3 million or $0.22 to $0.23 per diluted share.
Immersion Corporation (NASDAQ: IMMR) has renewed its license agreement with ASUS for the use of TouchSense software in ASUS ROG Phones, enhancing the gaming experience through advanced haptic feedback. This renewal highlights ASUSTek's dedication to providing superior haptic experiences in its smartphones. TouchSense technology optimizes performance and delivers precise haptic controls, improving system efficiency and user engagement. This agreement emphasizes Immersion's role as the leading innovator in haptic technology, crucial for gaming and digital interactions.