Immersion Q1 revenue $43.8M; GAAP EPS $0.59, non-GAAP EPS $0.63

IMMERSION CORP

2024-Q1 EPS reported $0.55 revenue$45,782,000

Total revenues $43.8M vs $7.1M in Q1 2023, a 517% increase.
GAAP net income $18.7M ($0.59 diluted) vs $8.3M ($0.25) a year ago.
Non-GAAP net income $19.8M ($0.63 diluted) vs $9.5M ($0.29).
Cash and short-term investments grew $18.7M to $179.1M.
Declared Q2 dividend of $0.045/share, payable July 26 to holders of record July 8.

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 0.99

IMMERSION CORP reported the first quarter ended March 31, 2024 results: revenue $ 43.8 million, net income $ 18.7 million, EPS $ 0.59 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $ 43.8 million
Net income: $ 18.7 million
EPS: $ 0.59 per diluted share
Result: reported results

Exact text from the filing

and provider of technologies for haptics, today reported financial results for the first quarter ended March 31, 2024 . First Quarter Financial Summary 1 : • Total revenues of $ 43.8 million, compared to $ 7.1 million in the first quarter of 2023 . • GAAP net income was $ 18.7 million, or $ 0.59 per diluted share, compared to GAAP net income of $ 8.3 million, or $

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Source: SEC EDGAR

accession 0001213900-24-040909

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