Immersion Q4 GAAP net income $16.0M ($0.49/diluted); declares $0.045 quarterly dividend

IMMERSION CORP

Q4 revenue $10.4M (royalty & license $10.4M) vs $9.2M YoY; FY revenue $33.9M vs $38.5M.
Q4 GAAP net income $16.0M ($0.49 diluted) vs $19.7M ($0.60) YoY; Non-GAAP net income $16.9M ($0.52).
FY 2023 GAAP net income $34.0M ($1.04 diluted) vs $30.7M ($0.92); Non-GAAP net income $38.5M ($1.18).
Cash & short-term investments $160.4M at Dec 31, 2023; repurchased 319,017 shares in Q4 (1% of outstanding).
Quarterly dividend $0.045 per share, payable April 19, 2024 to shareholders of record April 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IMMERSION CORP reported fourth quarter and full year ended December 31, 2023 results: revenue $10.4 million, net income $16.0 million, EPS $0.49 per diluted share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $10.4 million
Net income: $16.0 million
EPS: $0.49 per diluted share
Result: reported results

Exact text from the filing

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

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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 0001213900-24-020789

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