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Immersion Corporation Reports Results for Second Quarter and Six Months Ended June 30, 2018
Last immersion earnings: 8/2 04:26 pm
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US:NASDAQ Investor Relations: ir.immersion.com/investor-relations
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First half 2018 revenues of $91.6 million First half 2018 operating expenses down 33% over same period last year Strong cash, cash equivalents, and short-term investment position of $137 million Maintaining Annual Revenue Guidance SAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the second quarter ended June 30, 2018. Effective January 1, 2018, the company adopted a new revenue recognition standard ("ASC 606"), which impacted the company’s recognition of revenue from certain of its fixed-fee and per-unit license agreements. The company adopted ASC 606 using the modified retrospective method, which means that the total amount of revenue reported for second quarter 2017 has not been restated in the current fin
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NEWS
NEWS
- Immersion Co. (NASDAQ: IMMR) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating.[MarketBeat]
- Immersion's stock plunges after surprise revenue decline [MarketWatch][MarketWatch]
- Immersion Co. (NASDAQ: IMMR) had its price target lowered by analysts at Craig Hallum from $17.00 to $14.00. They now have a "hold" rating on the stock.[MarketBeat]
- Immersion Co. (NASDAQ: IMMR) was downgraded by analysts at BidaskClub from a "hold" rating to a "sell" rating.[MarketBeat]
- Immersion Corporation (IMMR) CEO Carl Schlachte on Q2 2018 Results - Earnings Call Transcript [Seeking Alpha][Seeking Alpha]
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SEC Filings
SEC Filings
- 8/3/18 - Form 10-Q
- 8/2/18 - Form 8-K
- 7/31/18 - Form 10-Q/A
- IMMR's page on the SEC website
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