Immersion (IMMR) Tops Q1 EPS by 99c, Beats on Revenues; Boosts FY18 Revenue Outlook
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Immersion Corporation Reports Results for First Quarter 2018
May 10, 2018 4:15 PM EDTRecord Revenues of $85.4 million 31% Decrease in Operating Expenses Upwardly Revised Annual Revenue Guidance of $108 million to $118 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 first quarter ended March 31, 2018.
Effective January 1, 2018, the company adopted a new revenue recognition standard (ASC 606), which impacted the companys recognition of revenue from certain of its fixed-fee and per-unit license agreements. The... More
