Immersion Q3 revenue $9.5M (down 32% YoY); GAAP EPS $0.08; dividend raised 50%; filed new patent suit vs Meta

IMMERSION CORP

2023-Q3 EPS reported $0.55 vs consensus $0.34 ▲ beat (+63.4%)

Total revenues $9.5M vs $14.0M Q3 2022; GAAP net income $2.7M ($0.08 diluted) vs $7.7M ($0.23) prior year.
Non-GAAP net income $4.0M ($0.12 diluted); operating expenses $2.0M (non-GAAP) vs $2.3M.
Quarterly dividend increased 50% to $0.045 per share; payable Jan 25, 2024 to holders of record Jan 14, 2024.
Repurchased 1.5% of shares outstanding during Q3.
Filed second patent infringement lawsuit against Meta on Nov 10, alleging five patents infringed by Meta Quest 3; seeks injunction and royalties.

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 the third quarter ended September 30, 2023 results: revenue $ 9.5 million, net income $ 2.7 million, EPS $ 0.08 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $ 9.5 million
Net income: $ 2.7 million
EPS: $ 0.08 per diluted share
Result: reported results

Exact text from the filing

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

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

IMMERSION CORP filing history →

Source: SEC EDGAR

accession 0001213900-23-086146

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