Immersion Corporation Reports Third Quarter 2020 Results
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Immersion (IMMR) Tops Q3 EPS by 6c, Revenues Beat
November 5, 2020 5:38 PM ESTImmersion (NASDAQ: IMMR) reported Q3 EPS of $0.15, $0.06 better than the analyst estimate of $0.09. Revenue for the quarter came in at $7.6 million versus the consensus estimate of $7.45 million.
Third Quarter Financial Summary:
Total revenues of $7.6 million, compared to $10.6 million in the third quarter of 2019. Royalty and license revenues were $7.5 million, compared to $10.5 million in the third quarter of 2019.GAAP operating expenses of $5.0 million declined 58% from $11.8 million in the third quarter of 2019. Non-GAAP operating expenses of $3.6 million declined 65% from non-GAAP operating... More