Immersion (IMMR) Misses Q4 EPS by 9c

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Go back to Immersion (IMMR) Misses Q4 EPS by 9c

Immersion Corporation Reports Fourth Quarter and Full Year 2016 Results

March 2, 2017 4:15 PM EST

Posts Fourth Quarter Revenues of $9.3 million and 2016 Revenues of $57.1 million

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, 2016.

Results for the quarter ended December 31, 2016

Total revenues for the fourth quarter of 2016 were $9.3 million, a decrease of 44% compared to $16.6 million for the fourth quarter of 2015. Royalty and license revenues of $8.9 million for the fourth quarter of 2016 were down 43% compared to $15.8 million for the same period last... More