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Stockreport

Immersion Corporation Reports Fourth Quarter and Full Year 2017 Results

Immersion Corp (IMMR)  More Company Research Source: Business Wire
Last immersion corp earnings: 11/1 04:19 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.immersion.com/investor-relations
PDF SAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the fourth quarter and year ended December 31, 2017. Results for the quarter ended December 31, 2017 Total revenues for the fourth quarter of 2017 were $6.9 million, a decrease of 26% compared to $9.3 million for the fourth quarter of 2016. Royalty and license revenues of $6.7 million for the fourth quarter of 2017 were down 25% compared to $8.9 million for the same period last year. Net loss for the fourth quarter of 2017 was $12.3 million, or $(0.42) per diluted share. This compares to net loss of $38.1 million, or $(1.32) per diluted share, for the fourth quarter of 2016. Net loss for the fourth quarter of 2016 includes a tax provision of $26.8 million, primarily related to a non-cash charge of $28.1 million reco [Read more]

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