Immersion (IMMR) Misses Q2 EPS by 20c

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Immersion Corporation Reports Second Quarter 2022 Results

August 15, 2022 4:15 PM EDT

AVENTURA, Fla.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2022.

Second Quarter Financial Summary:

Total revenues of $8.0 million, compared to $11.0 million in the second quarter of 2021. Royalty and license revenues were $7.9 million, compared to $10.9 million in the second quarter of 2021. GAAP operating expenses of $3.9 million declined 25% from $5.2 million in the second quarter of 2021. Non-GAAP operating expenses of $2.9 million declined 23% from $3.8 million in the second quarter of 2021. (See... More