Immersion (IMMR) Announces Preliminary Results for Q4

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Immersion Announces Preliminary Results for Fiscal Fourth Quarter 2020

February 4, 2021 8:00 AM EST

Company Expects 40% Sequential Revenue Growth and GAAP and Non-GAAP EPS between $0.27 and $0.29 per share

SAN FRANCISCO--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, announced today preliminary results for the fiscal fourth quarter ended December 31, 2020.

Based on preliminary financial data, Immersion expects fiscal fourth quarter:

Revenues to be between $10.5 to $11 million GAAP Operating expenses to be between $5.6 and $6.0 million GAAP Net Income to be between $7.5 and $8.0 million or $0.27 and $0.29 per diluted share Non-GAAP... More