Immersion (IMMR) Swings to Q2 Loss
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Immersion Names Sharon Holt to Its Board of Directors
August 4, 2016 4:16 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced that Sharon Holt has joined its Board of Directors, effective August 2, 2016.
Sharons perspective and advice will be critical as we grow and monetize our IP business, explained Immersion President and CEO, Victor Viegas. Her wealth of experience with IP and solutions licensing from her days at Rambus, along with her sales and operational leadership background, make her an outstanding addition to the board.
Sharons background aligns with Immersions strategy, said Immersion... More
Immersion Corporation Reports Second Quarter 2016 Results
August 4, 2016 4:15 PM EDTSAN 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, 2016.
Total revenues for the second quarter of 2016 were $7.9 million, a decrease of 52% compared to $16.2 million for the second quarter of 2015. Royalty and license revenues of $7.6 million for the second quarter of 2016 were down 52% from the same period last year.
Net loss for the second quarter of 2016 was ($5.6) million, or $(0.20) per basic and diluted share. This compares to net income of $1.6... More
