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 global leader in haptic technology, creating tactile feedback solutions that enhance digital interactions across mobile devices, automotive systems, and consumer electronics. This page provides investors and industry professionals with a centralized source for official company announcements and market-moving developments.
Access real-time updates on earnings reports, technology licensing agreements, and strategic partnerships that shape the future of touch-enabled interfaces. Our curated news feed includes press releases about product innovations, patent filings, and cross-industry applications of IMMR's haptic systems.
Key coverage areas include financial performance updates, R&D breakthroughs in digital tactility, and expansions into emerging markets. Bookmark this page to monitor how Immersion Corp's technology continues to redefine user experiences in gaming, automotive controls, and medical device interfaces.
Immersion Corporation (NASDAQ: IMMR) reported a positive financial performance for Q1 2021, with total revenues reaching $7.2 million, an increase from $6.3 million in Q1 2020. Notably, royalty and license revenues improved to $7.1 million. Operating expenses saw a considerable decline, with GAAP expenses at $4.6 million, down from $10.8 million a year prior. The company achieved a GAAP net income of $2.0 million, compared to a net loss of $4.8 million in the previous year. Cash and cash equivalents stood at $102.6 million as of March 31, 2021.
Immersion Corporation (NASDAQ: IMMR) will report its financial results for Q1 2021 on May 6, 2021, after market close. A conference call for analysts and investors will take place at 2:00 p.m. PT (5:00 p.m. ET). Participants can join the call by dialing 800-367-2403 and using conference ID 8181866. A replay will be available until May 16, 2021, at 8:00 p.m. ET by calling 888-203-1112. The company specializes in haptic technology, enhancing user experiences across mobile, automotive, gaming, and consumer electronics. For more information, visit Immersion's Investor Relations page.
Immersion Corporation (NASDAQ: IMMR) reported Q4 2020 revenues of $10.9 million, a slight decrease from $11.5 million in Q4 2019. GAAP net income surged to $8.1 million, or $0.30 per diluted share, up from $1.0 million in the previous year. Non-GAAP net income also improved to $8.0 million, with operating expenses down 48% year-over-year. For the fiscal year, total revenues were $30.5 million, down from $36.0 million in 2019, but net income shifted from a loss to a profit of $5.4 million.
Immersion Corporation (NASDAQ: IMMR) and StrikerVR are collaborating to enhance haptic technology in virtual reality (VR) peripherals. This partnership will utilize Immersion's advanced haptic and kinesthetic technologies to develop innovative force feedback systems for StrikerVR's upcoming products. The new controllers aim to enrich user experiences by accurately simulating various sensations, such as sounds and physical interactions. This multi-year licensing agreement signifies a major step in the evolving landscape of VR gaming, promising to deliver more immersive experiences for consumers.
Immersion Corporation (NASDAQ: IMMR) announced that the Advanced Television System Committee (ATSC) has accepted its proposal as a Recommended Practice, facilitating haptic feedback in ATSC 3.0 broadcasts. This allows content distributors to enhance mobile apps with haptic features, enriching live sports, advertising, and gaming. Dr. Yeshwant Muthusamy emphasized the integration of haptics to improve viewer experience. ATSC's deployment in 62 markets over the next year aims to reach 75% of U.S. viewers, showcasing advancements in media technology.
Immersion Corporation (NASDAQ: IMMR) has signed a multi-year license agreement with Woory Industrial Co. Ltd to provide haptic technology for automotive touchscreens. This collaboration allows Woory, a top automotive component supplier in Korea, to enhance its product offerings with advanced haptic feedback, improving screen navigation and safety in vehicles. Both companies express optimism about how haptic technologies will innovate automotive Human-Machine Interfaces (HMIs) and enhance user experience. Immersion aims to broaden its ecosystem through this partnership.
Immersion Corporation (NASDAQ: IMMR) announced preliminary results for the fiscal fourth quarter ending December 31, 2020. Expected revenues are between $10.5 million and $11 million, with GAAP operating expenses between $5.6 million and $6.0 million. The company anticipates a GAAP net income ranging from $7.5 million to $8.0 million, translating to approximately $0.27 to $0.29 per diluted share. Immersion will release full results on March 4, 2021.
Immersion Corporation (NASDAQ: IMMR) has entered into a multi-year license agreement with Faurecia, granting the automotive technology leader access to its innovative haptic technologies. This partnership aims to enhance user interfaces in vehicles by enabling advanced tactile feedback systems. As per IHS Markit, the integration of haptic technology is expected to become standard in automobiles, with touch-enabled displays anticipated to reach 95% by 2026. This agreement showcases Immersion's commitment to advancing automotive human-machine interface solutions.
Immersion Corporation (NASDAQ: IMMR) announced its involvement in the ANA Avatar XPRIZE, a competition to create an Avatar System enabling remote experiences in real-time. Currently, 77 teams are competing, promoting innovative technology that enhances sensory interactions across distances. Immersion's haptic technology is key for developing realistic touch experiences, vital for operators to interact within remote environments. The initiative aims to facilitate authentic connections and improve daily lives through immersive experiences.
Immersion Corporation (NASDAQ: IMMR) will release its third-quarter financial results on November 5, 2020, after market close. A conference call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET), where participants can join by dialing 800-289-0438 with conference ID 9501219. A replay of the call will be available until November 10, 2020, at 888-203-1112, using the same ID. The call can also be accessed via a webcast on Immersion's Investor Relations website.
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