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) 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.
Immersion Corporation (NASDAQ: IMMR) has announced a multi-year license renewal with LG Electronics for its TouchSense® software and haptic technologies effective immediately. This renewal underscores the significance of haptics in enhancing user experience in mobile devices. TouchSense software optimizes haptic performance, allowing manufacturers to quickly implement high-quality tactile effects. The financial terms of the agreement remain confidential, but they align with Immersion’s per-unit royalty structure, indicating potential stable revenue streams.