secwatch.observer — SEC 8-K summary
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Issuer:     IMMERSION CORP (IMMR)
CIK:        0001058811
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001213900-23-086146
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058811/000121390023086146/0001213900-23-086146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058811/000121390023086146/immr-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-086146

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