Immersion (IMMR) Misses Q3 EPS by 11c

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Go back to Immersion (IMMR) Misses Q3 EPS by 11c

Immersion Corporation Reports Third Quarter 2023 Results

November 13, 2023 9:01 AM EST

GAAP Net Income of $2.7 million or $0.08 per diluted share
Non-GAAP Net Income of $4.0 million or $0.12 per diluted share
Repurchased 1.5% of shares outstanding
Increased quarterly dividend by 50 percent
Announces filing of Second Patent Lawsuit Against Meta

AVENTURA, Fla.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the third quarter ended September 30, 2023.

Third Quarter Financial Summary:

Total revenues of $9.5 million, compared to $14.0 million in... More