IMMERSION CORP. overview

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2023. Second Quarter Financial Summary: Total revenues of $7.0 million, compared to $8.0 million in the second quarter of 2022. Royalty and license revenues were $6.9 million, compared to $7.9 million in the second quarter of 2022. GAAP net income was $7.0 million, or $0.21 per diluted share, compared to GAAP net loss of $1.8...

Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today announced that it has filed a complaint against Valve Corporation in the United States District Court for the Western District of Washington. The complaint alleges that Valve’s handheld video game and augmented and virtual reality (“AR/VR”) systems, including the Steam Deck and Valve Index, infringe seven Immersion patents that cover various uses of haptic effects in connection with...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the first quarter ended March 31, 2023. First Quarter Financial Summary: Total revenues of $7.1 million, compared to $7.3 million in the first quarter of 2022. Royalty and license revenues were $7.0 million, compared to $7.2 million in the first quarter of 2022. GAAP net income was $8.3 million, or $0.25 per diluted share, compared to GAAP net income of $5.1...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today announced that it has signed a multi-year license to Immersion’s technology with Motrex Co., Ltd., a manufacturer and developer of automotive solutions that provides in-car safety information, driving data and passenger entertainment, for use in Motrex’s automotive products. “We are very pleased to establish a partnership with Motrex,” said Eric Singer, Immersion’s President and...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today announced that it has filed patent infringement lawsuits against several companies of the Xiaomi-Group in Germany, France and India. Immersion filed complaints against Xiaomi-Group companies and their agents in the Düsseldorf Regional Court in Germany, the Tribunal judiciaire de Paris (Paris First Instance Civil Court) in France, and the High Court of Delhi, at New Delhi, in India. The...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter ended December 31, 2022. Fourth Quarter Financial Summary: Total revenues of $9.2 million, compared to $9.7 million in the fourth quarter of 2021. Royalty and license revenues were $9.1 million, compared to $9.7 million in the fourth quarter of 2021. GAAP net income was $19.7 million, or $0.60 per diluted share, compared to GAAP net income of...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today announced it has signed a license agreement with Vishay Intertechnology, Inc. (NYSE: VSH)(“Vishay”) to bundle Immersion haptic patent licenses for purchasers of Vishay’s solenoid-based haptic actuators, streamlining the design-in process for Vishay’s game-changing technology. “We are very pleased to establish a partnership with Vishay,” said Eric Singer, Immersion’s President...

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported management changes, a special cash dividend and a new stock repurchase program. Effective immediately, Executive Chairman Eric Singer has been appointed President and CEO and will continue to serve as Chairman of the Board. The Board of Directors believes Eric Singer’s significant experience in operations, transactions and capital allocation as well as his deep technology...