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
Phone
408 467 1900
Website
Chart Image
× Enlarged Chart
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format

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

20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998
Operating Activities
Net Income33.98M30.66M12.48M5.40M-20.04M54.34M-45.29M-40.03M2.86M4.12M40.16M-7.35M-3.49M-6.06M-28.28M-50.99M117.02M-10.42M-13.09M-20.74M-16.97M-16.53M-21.75M-22.17M-9.50M-3.70M
Depreciation67,000140,00099,0001.93M2.20M855,000968,000910,0001.02M567,000663,000703,0001.17M2.33M2.46M1.21M1.91M1.74M1.99M2.47M3.52M4.70M6.97M6.00M2.10M500,000
Deferred Taxes3.53M-5.10M531,000-2.48M431,000109,000-32,00024.27M7.38M-7.38M
Stock-Based Compensation3.99M3.57M2.34M4.76M5.46M8.69M6.10M6.11M5.47M5.30M4.64M3.15M3.56M3.41M4.52M5.33M
Other Non-Cash Items62,000695,00023,000127,000-3,00026,0001,000-649,0005.47M5.30M4.64M3.15M-1.60M-40,000-746,000351,000-10.26M3.57M100,000100,000
Accounts Receivable-1.01M735,000248,0001.17M-2.33M-245,000576,000-171,0001.81M-2.44M1.27M-504,000-567,0002.21M3.36M-1.01M-317,000-503,000791,000-500,000-1.26M135,000-344,000-2.22M400,000-1.00M
Accounts Payable-41,00084,000-148,000-660,000-2.82M-3.04M696,0005.32M-19,000-10,000341,0008,000-47,000-902,000-1.44M1.47M
Other Assets & Liabilities-1.88M-4.60M-1.32M-4.63M-5.69M13.39M-6.37M47.97M7.81M-7.20M-25.96M-3.31M-4.89M-3.54M3.09M17.26M-14.02M10.82M13.94M1.95M240,0007.20M-665,000-1.55M1.60M
Operating Cash Flow38.69M26.19M14.26M5.61M-22.79M74.12M-43.35M43.74M24.42M5.63M25.76M-4.16M-5.88M-2.58M-17.04M-19.00M86.96M5.20M3.63M-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 Acquisitions964,000-2.06M
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 Investments193.75M135.98M36.08M3.00M20.00M26.00M35.00M40.00M48.00M57.00M77.00M54.00M49.00M44.00M75.00M89.98M45.11M2.55M3.38M24.27M400,0003.80M
Investing Cash Flow3.40M-29.43M-87.68M2.95M10.92M8.24M11.07M7.84M-1.34M13.27M-18.17M9.31M26,000-3.88M-24.31M27.65M-55.16M-2.74M-1.99M-2.54M-2.01M2.10M-795,000-8.99M-6.10M100,000
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges-1.23M-173,000518,0002.39M220,00013.51M36,00050,000-800,000-100,000
Financing Cash Flow-16.91M-13.41M59.19M-30.64M-2.58M218,000518,0001.97M367,000-14.62M198,000-5.60M-6.31M-9,000134,000-17.84M26.56M1.29M2.25M1.48M893,000369,000763,000779,00048.80M5.30M
Other Cash Details
End Cash Position56.07M48.82M51.49M59.52M86.48M110.99M24.62M56.87M25.01M14.38M14.14M4.56M7.30M12.24M19.83M64.77M86.49M32.01M28.17M25.54M21.74M8.72M10.38M23.47M46.60M2.60M
Income Tax Paid1.79M1.41M88,00065,000160,000151,000191,000419,000156,00047,00018,00021,0003.30M34,00054,0001.59M
Interest Paid
Free Cash Flow20.60M40.15M17.11M-25,000-34.25M69.85M-43.95M21.70M5.62M-488,00020.92M-8.49M-1.13M-4.47M-22.48M-35.85M80.96M2.59M1.24M-16.17M-13.02M446,000-13.54M-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%
Immersion (IMMR) Ascends But Remains Behind Market: Some Facts to Note Article
Immersion (IMMR) Ascends But Remains Behind Market: Some Facts to Note
Immersion (IMMR) closed the most recent trading day at $8.30, moving +0.12% from the previous trading session.
Zacks Investment Research Neutral
Feb 6, 2025
Why Immersion (IMMR) Outpaced the Stock Market Today Article
Why Immersion (IMMR) Outpaced the Stock Market Today
Immersion (IMMR) closed at $8.51 in the latest trading session, marking a +1.07% move from the prior day.
Zacks Investment Research Positive
Jan 31, 2025
MoneyShow's Best Investment Ideas For 2025: Part 7 Article
MoneyShow's Best Investment Ideas For 2025: Part 7
MoneyShow presents top investment ideas for 2025 from their contributors. This year's edition presents a broad mix of theme-based stock picks, momentum-driven high-flyers and beaten-up stocks with turnaround potential, along with some speculative plays and ETFs. Part 7 includes Village Super Market, MARA Holdings, Hess Midstream, ASML Holding and Ares Capital, among others.
Seeking Alpha Positive
Jan 29, 2025
Scroll to Top

Markets

Crypto

how to invest

Who we are