Immersion Q2 GAAP net income $7.0M ($0.21 EPS), revenue $7.0M down 12.5% YoY

IMMERSION CORP

2023-Q2 EPS reported $0.47 revenue$14,057,000

Total revenues $7.0M vs $8.0M in Q2 2022; royalty & license revenues $6.9M down 12.7%.
GAAP net income $7.0M ($0.21 diluted EPS) vs net loss of $1.8M ($0.05 loss) a year ago.
Non-GAAP net income $9.1M ($0.28 diluted EPS); non-GAAP OpEx $2.5M vs $2.9M.
Board declared $0.03/share dividend, payable Oct 27 to holders of record Oct 16.
Stock repurchase program extended to Dec 29, 2024; $46.8M remains available; 1.3% shares repurchased in Q2.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IMMERSION CORP reported Second quarter ended June 30, 2023 results: revenue $7.0 million, net income $7.0 million, EPS $0.21 per diluted share.

Period: Second quarter ended June 30, 2023
Revenue: $7.0 million
Net income: $7.0 million
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

Immersion Corporation Reports Second Quarter 2023 Results 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 AVENTURA FL, August 11, 2023 – 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 million, or $ 0.05 per diluted share, in the second quarter of 2022 .

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Source: SEC EDGAR

accession 0001213900-23-065917

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