Immersion (IMMR) Tops Q1 EPS by 3c; Offers Update on Litigation

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Go back to Immersion (IMMR) Tops Q1 EPS by 3c; Offers Update on Litigation

Immersion Corporation Reports First Quarter 2016 Results; Files Second Complaint Against Apple Inc., AT&T Inc., and AT&T Mobility LLC with U.S. International Trade Commission and in U.S. Feder

May 5, 2016 4:20 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the first quarter ended March 31, 2016.

Results for the quarter ended March 31, 2016

Total revenues for the first quarter of 2016 were $13.6 million, a decrease of 16% compared to $16.3 million for the first quarter of 2015. Royalty and license revenues of $13.4 million for the first quarter of 2016 were down 16% from the same period last year, driven primarily by the absence of revenue from Samsung.

Net loss for the first quarter of... More