Immersion Corporation
Description
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses. It serves markets, including mobility, gaming, automotive, virtual and augmented reality, and wearables, as well as residential, commercial, and industrial Internet of Things. The company was incorporated in 1993 and is headquartered in Aventura, Florida.
About
CEO
Mr. Eric Brandon Singer
Employees
14
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNGS
Address
2999 N.E. 191st Street, Aventura, FL 33180, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Aug 19, 2025 | — | — | — | — |
May 6, 2025 | — | — | — | — |
Mar 5, 2025 | — | — | — | — |
Dec 16, 2024 | 0.34 | 0.83 | 0.49 | 144.12% |
Aug 21, 2024 | 0.34 | 0.89 | 0.55 | 161.76% |
Earnings estimate
Next Quarter
(Jan 2025)
|
Current Year
(Apr 2025)
|
Next Year
(Apr 2026)
|
||
---|---|---|---|---|
Number of analysts | — | 1 | 1 | 0 |
Average estimate | — | 0.14 | 1.57 | 0.00 |
Low estimate | — | 0.14 | 1.57 | 0.00 |
High estimate | — | 0.14 | 1.57 | 0.00 |
Last year EPS | — | 0.52 | — | 1.57 |
[stock_revenue_estimate]
Growth estimates
Current qtr
358.330%
Next qtr. (Jan 2025)
-73.460%
Current year (Apr 2025)
—
Next year (Apr 2026)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Dec 18, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $13.5 |
Aug 26, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | ▲ Raises $11 → $13.5 |
Jul 1, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $11 |
May 23, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $11 |
May 13, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $11 |
Apr 18, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $11 |
Mar 12, 2024 |
BWS Financial
Hamed Khorsand
|
Maintains | Buy | Maintains $11 |
Feb 6, 2023 |
BWS Financial
Hamed Khorsand
|
Initiates | Buy | Announces $11 |
Jun 7, 2022 |
Craig-Hallum
Anthony Stoss
|
Maintains | Buy | ▼ Lowers $12 → $10 |
Nov 4, 2021 |
Colliers Securities
|
Downgrade | Neutral | — |
May 14, 2019 |
Dougherty & Co.
|
Upgrade | Buy | — |
Feb 27, 2019 |
B. Riley FBR
|
Downgrade | Neutral | — |
Feb 27, 2019 |
B. Riley Securities
|
Downgrade | Neutral | — |
Sep 12, 2018 |
Craig-Hallum
Anthony Stoss
|
Upgrade | Buy | ▲ Raises $14 → $15 |
Jun 26, 2018 |
Dougherty & Co.
|
Downgrade | Neutral | — |
Jun 26, 2018 |
Dougherty
|
Downgrade | Neutral | — |
Jun 18, 2018 |
Craig-Hallum
|
Downgrade | Hold | — |
May 5, 2018 |
B. Riley FBR
|
Maintains | Buy | — |
Apr 25, 2017 |
Benchmark
|
Initiates | Buy | — |
Mar 3, 2017 |
Craig-Hallum
Anthony Stoss
|
Downgrade | Hold | ▼ Lowers $11 → $8 |
Apr 18, 2016 |
Lake Street
|
Initiates | Buy | — |
Jun 23, 2015 |
Craig-Hallum
|
Initiates | Buy | — |
Apr 29, 2015 |
Cowen & Co.
|
Initiates | Outperform | — |
Apr 23, 2014 |
B. Riley Securities
|
Maintains | Buy | — |
Apr 23, 2014 |
B. Riley FBR
|
Maintains | Buy | — |
Apr 22, 2014 |
B. Riley Securities
|
Maintains | Buy | — |
Apr 21, 2014 |
B. Riley Securities
|
Initiates | Buy | — |
Apr 21, 2014 |
B. Riley FBR
|
Initiates | Buy | — |
Mar 11, 2014 |
Ascendiant Capital
|
Initiates | Hold | — |
Dec 16, 2013 |
Sidoti & Co.
|
Initiates | Buy | — |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 33.92M | 38.46M | 35.09M | 30.46M | 35.95M |
Cost of revenue | — | 4,000 | 88,000 | 168,000 | 170,000 |
Gross profit | — | 38.46M | 35.00M | 30.29M | 35.78M |
Operating expense | |||||
Research & development | 281,000 | 1.38M | 4.15M | 5.01M | 7.84M |
Selling general and admin | 15.71M | 12.66M | 13.08M | 23.05M | 49.39M |
Other operating expenses | — | — | — | — | — |
Operating income | 17.93M | 24.42M | 17.78M | 2.22M | -21.45M |
Non operating interest income | |||||
Income | — | 2.84M | 374,000 | 271,000 | 1.79M |
Expense | — | — | — | — | — |
Other income expense | -20,000 | -293,000 | -859,000 | 668,000 | 91,000 |
Pretax income | 42.92M | 26.97M | 17.29M | 3.16M | -19.57M |
Tax provision | 8.94M | -3.70M | 4.81M | -2.24M | 471,000 |
Net income | 33.98M | 30.66M | 12.48M | 5.40M | -20.04M |
Basic EPS | 1.05 | 0.92 | 0.40 | 0.19 | -0.64 |
Diluted EPS | 1.04 | 0.92 | 0.39 | 0.19 | -0.64 |
Basic average shares | 32.21M | 33.28M | 31.46M | 28.12M | 31.53M |
Diluted average shares | 32.21M | 33.28M | 31.46M | 28.12M | 31.53M |
EBITDA | 17.99M | 24.56M | 17.87M | 4.15M | -19.25M |
Net income from continuing op. | 33.98M | 30.66M | 12.48M | 5.40M | -20.04M |
Minority interests | — | — | — | — | — |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 215.73M | 190.11M | 175.52M | 96.13M | 124.85M |
Current assets | |||||
Cash | 14.84M | 9.63M | 51.49M | 13.91M | 23.13M |
Cash equivalents | 41.23M | 39.19M | — | 45.61M | 63.35M |
Cash and cash equivalents | 56.07M | 48.82M | 51.49M | 59.52M | 86.48M |
Other short term investments | 104.29M | 100.92M | 86.43M | — | 3.02M |
Accounts receivable | 1.74M | 1.00M | 1.24M | 1.62M | 2.97M |
Other receivables | 8.24M | 7.90M | 13.18M | 12.22M | 413,000 |
Inventory | — | — | — | — | — |
Prepaid assets | 1.92M | 1.58M | 798,000 | 816,000 | 14.08M |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | — | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | 191,000 | 100,000 | 186,000 | 171,000 | — |
Non current assets | |||||
Properties | 247,000 | 653,000 | 1.36M | 1.82M | 2.20M |
Land and improvements | — | — | — | — | — |
Machinery furniture equipment | — | — | — | 4.08M | 4.83M |
Construction in progress | — | — | — | — | — |
Leases | — | — | — | 3.89M | 3.90M |
Accumulated depreciation | — | — | — | -7.76M | -7.50M |
Goodwill | — | — | — | — | — |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | — | — | — | — | — |
Investments and advances | 33.35M | 17.04M | 7.29M | — | — |
Other non current assets | 3.45M | 7.77M | 3.90M | 7.39M | 14.46M |
Total liabilities | 32.63M | 32.41M | 34.23M | 32.15M | 41.09M |
Current liabilities | |||||
Accounts payable | 47,000 | 86,000 | 2,000 | 149,000 | 809,000 |
Accrued expenses | — | — | — | 202,000 | 1.08M |
Short term debt | 39,000 | 486,000 | 1.10M | 1.38M | 1.15M |
Deferred revenue | 4.24M | 4.77M | 4.83M | 5.17M | 4.69M |
Tax payable | 1.73M | 1.28M | 2.06M | — | 46,000 |
Pensions | 3.13M | 2.03M | 555,000 | 1.00M | 2.84M |
Other current liabilities | 8.64M | 5.07M | 8.09M | 1.08M | 1.25M |
Non current liabilities | |||||
Long term debt | — | — | — | — | — |
Provision for risks and charges | — | — | — | — | — |
Deferred liabilities | — | — | — | — | — |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 4.93M | 1.86M | 896,000 | 2.04M | 3.32M |
Shareholders equity | |||||
Common stock | 322.18M | 322.71M | 323.30M | 258.76M | 253.29M |
Retained earnings | -36.04M | -70.02M | -100.68M | -113.16M | -118.57M |
Other shareholders equity | 1.70M | 202,000 | 412,000 | 122,000 | 124,000 |
Total shareholders equity | 183.10M | 157.70M | 141.30M | 63.98M | 83.76M |
Additional paid in capital | — | — | — | — | — |
Treasury stock | 104.74M | 95.20M | 81.73M | 81.73M | 51.09M |
Minority interest | — | — | — | — | — |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||||||||||||||
Net Income | 33.98M | 30.66M | 12.48M | 5.40M | -20.04M | 54.34M | -45.29M | -40.03M | 2.86M | 4.12M | 40.16M | -7.35M | -3.49M | -6.06M | -28.28M | -50.99M | 117.02M | -10.42M | -13.09M | -20.74M | -16.97M | -16.53M | -21.75M | -22.17M | -9.50M | -3.70M |
Depreciation | 67,000 | 140,000 | 99,000 | 1.93M | 2.20M | 855,000 | 968,000 | 910,000 | 1.02M | 567,000 | 663,000 | 703,000 | 1.17M | 2.33M | 2.46M | 1.21M | 1.91M | 1.74M | 1.99M | 2.47M | 3.52M | 4.70M | 6.97M | 6.00M | 2.10M | 500,000 |
Deferred Taxes | 3.53M | -5.10M | 531,000 | -2.48M | 431,000 | 109,000 | -32,000 | 24.27M | — | — | — | — | — | — | — | 7.38M | -7.38M | — | — | — | — | — | — | — | — | — |
Stock-Based Compensation | 3.99M | 3.57M | 2.34M | 4.76M | 5.46M | 8.69M | 6.10M | 6.11M | 5.47M | 5.30M | 4.64M | 3.15M | 3.56M | 3.41M | 4.52M | 5.33M | — | — | — | — | — | — | — | — | — | — |
Other Non-Cash Items | 62,000 | 695,000 | 23,000 | 127,000 | -3,000 | 26,000 | 1,000 | -649,000 | 5.47M | 5.30M | 4.64M | 3.15M | -1.60M | -40,000 | -746,000 | 351,000 | -10.26M | 3.57M | — | — | — | — | — | — | 100,000 | 100,000 |
Accounts Receivable | -1.01M | 735,000 | 248,000 | 1.17M | -2.33M | -245,000 | 576,000 | -171,000 | 1.81M | -2.44M | 1.27M | -504,000 | -567,000 | 2.21M | 3.36M | -1.01M | -317,000 | -503,000 | 791,000 | -500,000 | -1.26M | 135,000 | -344,000 | -2.22M | 400,000 | -1.00M |
Accounts Payable | -41,000 | 84,000 | -148,000 | -660,000 | -2.82M | -3.04M | 696,000 | 5.32M | -19,000 | -10,000 | 341,000 | 8,000 | -47,000 | -902,000 | -1.44M | 1.47M | — | — | — | — | — | — | — | — | — | — |
Other Assets & Liabilities | -1.88M | -4.60M | -1.32M | -4.63M | -5.69M | 13.39M | -6.37M | 47.97M | 7.81M | -7.20M | -25.96M | -3.31M | -4.89M | -3.54M | 3.09M | 17.26M | -14.02M | 10.82M | 13.94M | 1.95M | 240,000 | 7.20M | -665,000 | -1.55M | 1.60M | — |
Operating Cash Flow | 38.69M | 26.19M | 14.26M | 5.61M | -22.79M | 74.12M | -43.35M | 43.74M | 24.42M | 5.63M | 25.76M | -4.16M | -5.88M | -2.58M | -17.04M | -19.00M | 86.96M | 5.20M | 3.63M | -16.82M | -14.47M | -4.51M | -15.79M | -19.94M | -5.30M | -4.10M |
Investing Activities | ||||||||||||||||||||||||||
Capital Expenditures | — | -26,000 | -335,000 | -47,000 | -150,000 | -74,000 | -125,000 | -343,000 | -4.43M | -779,000 | -234,000 | -1.00M | -169,000 | -185,000 | -1.57M | -3.09M | -3.55M | -2.74M | -962,000 | -623,000 | -441,000 | -442,000 | -612,000 | -2.83M | -1.20M | -300,000 |
Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | -100,000 | — | -2.32M | -2.59M | -2.39M | — | — | — | — | — | — | — | — | — | — |
Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | 964,000 | — | — | — | — | — | — | — | — | — | -2.06M | — | — |
Purchase of Investments | -190.35M | -165.36M | -123.42M | — | -8.93M | -17.69M | -23.81M | -32.81M | -44.91M | -42.95M | -94.93M | -43.94M | -48.91M | -48.85M | -97.98M | -59.24M | -96.72M | — | — | — | — | -5,000 | -3.56M | -21.87M | -4.80M | -2.90M |
Sale of Investments | 193.75M | 135.98M | 36.08M | 3.00M | 20.00M | 26.00M | 35.00M | 40.00M | 48.00M | 57.00M | 77.00M | 54.00M | 49.00M | 44.00M | 75.00M | 89.98M | 45.11M | — | — | — | — | 2.55M | 3.38M | 24.27M | 400,000 | 3.80M |
Investing Cash Flow | 3.40M | -29.43M | -87.68M | 2.95M | 10.92M | 8.24M | 11.07M | 7.84M | -1.34M | 13.27M | -18.17M | 9.31M | 26,000 | -3.88M | -24.31M | 27.65M | -55.16M | -2.74M | -1.99M | -2.54M | -2.01M | 2.10M | -795,000 | -8.99M | -6.10M | 100,000 |
Financing Activities | ||||||||||||||||||||||||||
Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Financing Charges | -1.23M | -173,000 | — | — | — | — | 518,000 | 2.39M | — | — | — | — | — | — | — | 220,000 | 13.51M | 36,000 | — | — | — | 50,000 | — | — | -800,000 | -100,000 |
Financing Cash Flow | -16.91M | -13.41M | 59.19M | -30.64M | -2.58M | 218,000 | 518,000 | 1.97M | 367,000 | -14.62M | 198,000 | -5.60M | -6.31M | -9,000 | 134,000 | -17.84M | 26.56M | 1.29M | 2.25M | 1.48M | 893,000 | 369,000 | 763,000 | 779,000 | 48.80M | 5.30M |
Other Cash Details | ||||||||||||||||||||||||||
End Cash Position | 56.07M | 48.82M | 51.49M | 59.52M | 86.48M | 110.99M | 24.62M | 56.87M | 25.01M | 14.38M | 14.14M | 4.56M | 7.30M | 12.24M | 19.83M | 64.77M | 86.49M | 32.01M | 28.17M | 25.54M | 21.74M | 8.72M | 10.38M | 23.47M | 46.60M | 2.60M |
Income Tax Paid | 1.79M | 1.41M | 88,000 | 65,000 | 160,000 | 151,000 | 191,000 | 419,000 | 156,000 | 47,000 | 18,000 | 21,000 | 3.30M | 34,000 | 54,000 | 1.59M | — | — | — | — | — | — | — | — | — | — |
Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Free Cash Flow | 20.60M | 40.15M | 17.11M | -25,000 | -34.25M | 69.85M | -43.95M | 21.70M | 5.62M | -488,000 | 20.92M | -8.49M | -1.13M | -4.47M | -22.48M | -35.85M | 80.96M | 2.59M | 1.24M | -16.17M | -13.02M | 446,000 | -13.54M | -20.09M | -3.60M | -3.80M |
Top Institutional Holders
Holder | Date Reported | Shares | Value | % Held |
---|---|---|---|---|
Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 906,047 | 7.52M | 2.81% |
iShares Russell 2000 ETF | Nov 30, 2024 | 871,177 | 7.23M | 2.70% |
Vanguard Extended Market Index Fund | Sep 30, 2024 | 470,383 | 3.90M | 1.46% |
Royce Small-Cap Opportunity Fund | Sep 30, 2024 | 363,494 | 3.02M | 1.13% |
World Funds Tr-Philotimo Focused Growth & Income Fd | Sep 30, 2024 | 325,000 | 2.70M | 1.01% |
Fidelity Small Cap Index Fund | Oct 31, 2024 | 307,299 | 2.55M | 0.95% |
iShares Russell 2000 Value ETF | Nov 30, 2024 | 297,494 | 2.47M | 0.92% |
Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 269,044 | 2.23M | 0.83% |
WisdomTree Tr-WisdomTree Small Cap Dividend Fd | Sep 30, 2024 | 176,950 | 1.47M | 0.55% |
Fidelity Extended Market Index Fund | Nov 30, 2024 | 163,362 | 1.36M | 0.51% |
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