Immersion (IMMR) Reports In-Line Q3 EPS

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Go back to Immersion (IMMR) Reports In-Line Q3 EPS

Immersion Corporation Reports Third Quarter 2016 Results

November 3, 2016 4:15 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 third quarter ended September 30, 2016.

Total revenues for the third quarter of 2016 were $26.3 million, an increase of 84% compared to $14.3 million for the third quarter of 2015. Total revenues for the third quarter of 2016 include recognition of a non-recurring license fee from Samsung of $19.0 million, as previously disclosed. Royalty and license revenues of $26.0 million for the third quarter of 2016 were up 87% from the same period last year.

Net income... More