Immersion Corporation, together with its subsidiaries, creates, designs, develops, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses. It also provides software development kits (SDKs) comprising tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects in content. In addition, the company offers reference designs and SDKs; and licenses its patents to implement the licensed software to customers. Further, the company offers engineering and integration services, design kits for actuators, mounting suggestions, controller boards, software libraries, programming examples, and documentation. The company offers its products to mobile communications, wearables, and consumer electronics; console and PC gaming; automotive; and medical markets. Immersion Corporation was incorporated in 1993 and is based in San Francisco, California.
IPO Year: 1999
Exchange: NASDAQ
Website: immersion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2023 | $11.00 | Buy | BWS Financial |
| 11/4/2021 | Buy → Neutral | Colliers Securities |
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BWS Financial initiated coverage of Immersion with a rating of Buy and set a new price target of $11.00
Colliers Securities downgraded Immersion from Buy to Neutral
Colliers Securities resumed coverage of Immersion with a rating of Buy and set a new price target of $15.00
BNED to Receive $95 Million of New Equity Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion Corporation Converts Approximately $34 Million of Second Lien Debt to Equity Shareholders Approve Seven Directors to Serve on Board of Directors Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that its shareholders have voted to approve its previously announced equity and refinancing transactions with Immersion Corporation (NASDAQ:IMMR) ("Immersion"), and certain of the Company's existing shareholders and strategic relationships (co
Immersion Continues to Reject Company's Extensive Efforts to Settle No Shareholder Action Required at This Time Turtle Beach Corporation (NASDAQ:HEAR, the "Company"))), a leading gaming headset and audio accessory brand, today issued the following statement regarding its extensive efforts to reach a settlement with Immersion Corporation (NASDAQ:IMMR, "Immersion"))): In the interest of avoiding another costly and distracting proxy contest, members of the Turtle Beach Board and management team have engaged extensively and in good faith with Immersion, including offering three separate counterproposals that were ultimately rejected. Immersion's submission of a nomination notice, includin
Believes the Stern-Controlled Board's Decision to Challenge Our Special Meeting Demand – Without Any Valid Justification – Reinforces the Need for Objective and Independent Perspectives in the Boardroom Contends the Company is Making Misleading Claims About Murchinson to Distract from Mr. Stern Having Presided Over a More Than 77% Share Price Decline Since Becoming Chairman Puts Forward Proposals to Remove Four Incumbents and Appoint Two Highly Qualified, Independent Director Candidates with Sorely Needed Capital Allocation Acumen and Corporate Governance Expertise Sees a Clear Opportunity to Optimize Nano Dimension's Overcapitalized Balance Sheet, Explore Strategic Options to Maximize V
Announces Special Dividend and $50 Million Stock Repurchase Program Focus on driving multi-year step function increase in valuation 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 experience will help to drive long-term shareholder value creation. Francis
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GAAP Net Income Attributable to Immersion stockholders of $28.9 million or $0.89 per diluted share Non-GAAP Net Income Attributable to Immersion stockholders of $37.0 million or $1.14 per diluted share Immersion Corporation ("Immersion", the "Company", "we", "us" or "our") (NASDAQ:IMMR), a leading provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Consolidated Financial Summary1: • Total revenues of $99.4 million in the second quarter of 2024, compared to $7.0 million in the second quarter of 2023. • GAAP net income attributable to Immersion Corporation stockholders was $28.9 million,
BNED Receives $95 Million of New Equity Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion Corporation Converts Approximately $34 Million of Second Lien Debt to Equity Amends and Extends Four-Year Asset Based Loan Facility to Provide Greater Financial and Operational Flexibility Company to Effectuate a 1-for-100 Reverse Stock Split Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that it has successfully closed its milestone equity and refinancing transactions (the "Transactions") with Immersion Corporation (NASDAQ:IMMR) (
Company to Receive $45 Million of New Equity Capital Through Rights Offering and Backstop Transaction Company to Receive Additional $50 Million of New Equity Capital Through Concurrent Private Investment Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced the results of its fully backstopped $45 million equity rights offering (the "Rights Offering"). The Rights Offering expired at 5:00 P.M. Eastern Time, on June 5, 2024, and the subscription rights are no longer exercisable. The Rights Offering resulted in subscriptions for approximately 641,995,541 shares, or 71%, of the 900,000,000 shares offere
BNED to Receive $95 Million of New Equity Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion Corporation Converts Approximately $34 Million of Second Lien Debt to Equity Shareholders Approve Seven Directors to Serve on Board of Directors Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that its shareholders have voted to approve its previously announced equity and refinancing transactions with Immersion Corporation (NASDAQ:IMMR) ("Immersion"), and certain of the Company's existing shareholders and strategic relationships (co
Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced certain preliminary, unaudited financial results for the twelve months ended April 27, 2024. Preliminary Unaudited Fiscal 2024 Full-Year Financial Highlights Consolidated fiscal year 2024 GAAP revenue of approximately $1,567 million, compared to $1,543 million in the prior year period. Consolidated fiscal year 2024 GAAP net loss from continuing operations of approximately $(63) million, compared to a net loss of $(90) million in the prior year period. Consolidated fiscal year 2024 non-GAAP Adjusted EBITDA from Continuing Operations of appr
Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of patents for haptics, today announced that it has renewed a license with Samsung Electronics Co. to continue to make Immersion's patents available to Samsung and its affiliates. "We are delighted to extend Samsung's license to our patents for the delivery of high-quality haptics in their devices," said Eric Singer, Immersion's President and CEO. Immersion's high-quality touch feedback technology enhances gaming, computing, device interactions, peripheral use, and software experiences. Increasingly, haptics incorporating high-quality tactile effects are being designed into consumer devices and applications for more i
Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, announced today that its registration statement for its fully backstopped $45 million equity rights offering (the "Rights Offering"), was declared effective by the Securities and Exchange Commission ("SEC") on May 14, 2024. The Rights Offering is one of the previously announced proposed transactions (the "Transactions") contemplated by the Company's definitive agreement with Immersion Corporation (NASDAQ:IMMR) ("Immersion"), and certain of the Company's existing shareholders and strategic partners, that will enable the Company to substantially deleverage its balan
GAAP Net Income of $18.7 million or $0.59 per diluted share Non-GAAP Net Income of $19.8 million or $0.63 per diluted share Increased Total Cash and Short-term Investments By $18.7 Million Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the first quarter ended March 31, 2024. First Quarter Financial Summary1: Total revenues of $43.8 million, compared to $7.1 million in the first quarter of 2023. GAAP net income was $18.7 million, or $0.59 per diluted share, compared to GAAP net income of $8.3 million, or $0.25 per diluted share, in the first quarter of 2023. GAAP operating expenses of $2
BNED to Receive $95 Million of New Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion Corporation Eliminates Approximately $34 Million of Debt Through Equitization of Second Lien Term Loan, Reflecting Strong Support of Key Strategic Partners Secures Commitment to Refinance Four-Year Asset Backed Loan Facility to Provide Greater Financial and Operational Flexibility Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that it has entered into a definitive agreement with Immersion Corporation (NASDAQ:IMMR) ("Immersion"), and certa
Believes History of Underperformance, Poor Decision Making and Reckless Capital Allocation Under Incumbent Board Warrant Urgent Change Rubric's Nominees – Thomas A. Lacey and Deborah S. Conrad – Bring Necessary Leadership Experience, Marketing Knowledge, and Financial and Corporate Strategy Expertise to Drive Sustained Growth and Profitability Files Preliminary Proxy Statement for Xperi's 2024 Annual Meeting of Stockholders Rubric Capital Management LP ("Rubric"), an investment advisor whose managed funds and accounts collectively own approximately 9.1% of the outstanding shares of common stock of Xperi Inc. (NYSE:XPER) ("Xperi" or the "Company"), today announced that it has nominate
GAAP Net Income Attributable to Immersion stockholders of $28.9 million or $0.89 per diluted share Non-GAAP Net Income Attributable to Immersion stockholders of $37.0 million or $1.14 per diluted share Immersion Corporation ("Immersion", the "Company", "we", "us" or "our") (NASDAQ:IMMR), a leading provider of technologies for haptics, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Consolidated Financial Summary1: • Total revenues of $99.4 million in the second quarter of 2024, compared to $7.0 million in the second quarter of 2023. • GAAP net income attributable to Immersion Corporation stockholders was $28.9 million,
GAAP Net Income of $18.7 million or $0.59 per diluted share Non-GAAP Net Income of $19.8 million or $0.63 per diluted share Increased Total Cash and Short-term Investments By $18.7 Million Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the first quarter ended March 31, 2024. First Quarter Financial Summary1: Total revenues of $43.8 million, compared to $7.1 million in the first quarter of 2023. GAAP net income was $18.7 million, or $0.59 per diluted share, compared to GAAP net income of $8.3 million, or $0.25 per diluted share, in the first quarter of 2023. GAAP operating expenses of $2
Fourth Quarter GAAP Net Income of $16.0 million or $0.49 per diluted share Fourth Quarter Non-GAAP Net Income of $16.9 million or $0.52 per diluted share Repurchased 1% of shares outstanding Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Summary:1 Total revenues of $10.4 million, compared to $9.2 million in the fourth quarter of 2022. Royalty and license revenues were $10.4 million, compared to $9.1 million in the fourth quarter of 2022. GAAP net income was $16.0 million, or $0.49 per diluted share, compared
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 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 the third quarter of 2022. Royalty and license revenues were $9.5 million, compared to $13.9 million in the third quarter of 2022. GAAP net income was $2.7
GAAP Net Income of $7.0 million or $0.21 per diluted share Non-GAAP Net Income of $9.1 million or $0.28 per diluted share Repurchased 1.3% of shares outstanding Declares Fourth Consecutive Quarterly Dividend 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
GAAP Net Income of $8.3 million or $0.25 per diluted share Non-GAAP Net Income of $11.0 million or $0.33 per diluted share Declares Third Consecutive Quarterly Dividend 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 million, or $0.15
Board Comments on Engagement with Immersion Turtle Beach Corporation (NASDAQ:HEAR, the "Company"))), a leading gaming headset and audio accessory brand, today announced that its Board of Directors (the "Board") has unanimously taken a series of actions consistent with its commitment to acting in the best interest of its shareholders and ensuring best-in-class governance practices. These actions are aligned with shareholder feedback and include: Implementation of a CEO succession plan, effective June 30, 2023; Election of a new independent Chairman and separation of CEO and Chairman roles going forward; Decision by two long tenured directors, Mr. Stark and Mr. Keitel, to not stand
GAAP Net Income of $19.7 million or $0.60 per diluted share Non-GAAP Net Income of $14.8 million or $0.45 per diluted share Declares Quarterly Dividend 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 $1.3 million, or $0.04 per diluted shar
Announces quarterly dividend Repurchases 7 percent of shares outstanding year to date Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the third quarter ended September 30, 2022. Third Quarter Financial Summary: Total revenues of $14.0 million, compared to $7.2 million in the third quarter of 2021. Royalty and license revenues were $13.9 million, compared to $7.1 million in the third quarter of 2021. GAAP operating expenses of $3.1 million declined 12% from $3.5 million in the third quarter of 2021. Non-GAAP operating expenses of $2.3 million declined 18% from $2.8 million in the third quarter of 2
Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today announced that it has signed a license agreement with ELAN Microelectronics Corporation, a leading human-machine interface solution provider, to make Immersion haptic patent licenses available to PC laptop OEMs through ELAN's best-in-class Smart-Haptic Pad™ Technology. "With a haptics API now integrated into Windows 11, advanced haptics technology is critical for PC laptop OEMs to differentiate their devices by making them thinner and providing a more compelling user experience (UX)," said Francis Jose, CEO and General Counsel. "We are pleased to establish a partnership with ELAN," adde
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Shares of Bloom Energy Corporation (NYSE:BE) rose sharply in today's pre-market trading after the company announced a strategic partnership with CoreWeave. Bloom Energy said it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. Bloom Energy shares jumped 12.1% to $16.90 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Shimmick Corporation (NASDAQ:SHIM) gained 53% to $3.09 in pre-market trading after the company received a $27.6 million subcontract for the Sunol Valley Water Treatment Plant Ozonation Project. Aptevo Therapeutics Inc. (NA
BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:IMMR) with a Buy and maintains $11 price target.
Barnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that it has successfully closed its milestone equity and refinancing transactions (the "Transactions") with Immersion Corporation (NASDAQ:IMMR) ("Immersion") and certain of the Company's existing stockholders and strategic partners. These transactions will significantly strengthen BNED's balance sheet with more than $100 million of new equity and provide a strong foundation for future growth and profitability. Through the Transactions: The Company received gross proceeds of $95 million of new equity capital through a $50 million new equity investm
BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:IMMR) with a Buy and maintains $11 price target.
BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:IMMR) with a Buy and maintains $11 price target.
Immersion (NASDAQ:IMMR) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.55 by 7.27 percent. This is a 78.79 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $43.85 million which beat the analyst consensus estimate of $24.93 million by 75.88 percent. This is a 519.83 percent increase over sales of $7.07 million the same period last year.
BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:IMMR) with a Buy and maintains $11 price target.
Barnes & Noble Education, Inc. (NYSE:BNED) shares are trading lower after it announced a short-term shareholder rights plan and a new equity investment. In particular, the company inked a definitive deal with Immersion Corporation (NASDAQ:IMMR) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position. After closing the transactions in June 2024, Barnes & Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion. The deal is projected to infuse net cash proceeds after transaction costs of about $75 mill
BNED to Receive $95 Million of New Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion CorporationEliminates Approximately $34 Million of Debt Through Equitization of Second Lien Term Loan, Reflecting Strong Support of Key Strategic PartnersSecures Commitment to Refinance Four-Year Asset Backed Loan Facility to Provide Greater Financial and Operational FlexibilityBarnes & Noble Education, Inc. (NYSE:BNED) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that it has entered into a definitive agreement with Immersion Corporation (NASDAQ:IMMR) ("Immersion"), and certain of the