Immersion Corporation Reports First Quarter 2024 Results
Immersion Corporation (IMMR)
Last immersion corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
ir.immersion.com/investor-relations
Company Research
Source: Business Wire
GAAP Net Income of $18.7 million or $0.59 per diluted shareNon-GAAP Net Income of $19.8 million or $0.63 per diluted shareIncreased Total Cash and Short-term Investments By $18.7 Million AVENTURA, Fla.--(BUSINESS WIRE)--Immersion Corporation (Nasdaq: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the first quarter ended March 31, 2024.First Quarter Financial Summary1:Total revenues of $43.8 million, compared to $7.1 million in the first quarter of 2023.GAAP net income was $18.7 million, or $0.59 per diluted share, compared to GAAP net income of $8.3 million, or $0.25 per diluted share, in the first quarter of 2023.GAAP operating expenses of $27.2 million in the first quarter of 2024, compared to $3.8 million in the first quarter of 2023. Non-GAAP operating expenses of $26.1 million in the first quarter of 2024, compared to $2.6 million in the first quarter of 2023.Non-GAAP net income was $19.8 million, or $0.63 per diluted
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News
- Earnings Estimates Rising for Immersion (IMMR): Will It Gain? [Yahoo! Finance]Yahoo! Finance
- Immersion Co. (NASDAQ: IMMR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Immersion Co. (NASDAQ: IMMR) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $11.00 price target on the stock.MarketBeat
- Immersion Co. (NASDAQ: IMMR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Immersion (IMMR) Meets Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
IMMR
Earnings
- 5/8/24 - Beat
IMMR
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/6/24 - Form 4
- IMMR's page on the SEC website