Immersion reports Q4 GAAP net income $3.7M; full year net income drops to $4.5M from $64.3M; dividend raised to $0.075

IMMERSION CORP

Q4 GAAP net income $3.7M ($0.12 diluted EPS) vs $(17.7)M ($(0.62)) prior year; Non-GAAP net income $9.9M ($0.30).
Full-year GAAP net income $4.5M ($0.14 diluted EPS) vs $64.3M ($1.90) prior year, a 93% decline; Non-GAAP net income $60.8M ($1.84) vs $116.3M ($3.52).
Full-year revenues $1.7B, up from $1.6B, but operating expenses rose to $345.4M (GAAP) from $313.7M.
Quarterly dividend raised to $0.075/share (from $0.045) in Dec 2025; next payment July 31, 2026; $39.3M available for buybacks.
Immersion owns 32.6% of Barnes & Noble Education (11.2M shares); BNED recently initiated a $0.08 quarterly dividend.

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