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Immersion CorporationNasdaqGS:IMMR Stock Report

Market Cap US$239.4m
Share Price
n/a
1Y-0.1%
7D1.9%
1D1.9%
Portfolio Value
​
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Immersion Corporation

NasdaqGS:IMMR Stock Report

Market Cap: US$239.4m

Immersion (IMMR) Stock Overview

Engages in the business of intellectual property (IP) that engages user sense of touch when operating digital devices in North America, Europe, and Asia. More details

IMMR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends3/6

Rewards

Trading at 96.1% below our estimate of its fair value

Risk Analysis

Earnings have declined by 1.6% per year over past 5 years

Profit margins (0.6%) are lower than last year (2.2%)

Large one-off items impacting financial results


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Immersion Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Immersion
Historical stock prices
Current Share PriceUS$7.35
52 Week HighUS$8.05
52 Week LowUS$5.25
Beta1
1 Month Change-2.13%
3 Month Change11.70%
1 Year Change-0.14%
3 Year Change9.70%
5 Year Change0.41%
Change since IPO-60.54%

Recent News & Updates

Recent updates

Seeking Alpha • Jun 22

Immersion Corporation: Another Value Play For The Patient Investor

Summary Immersion remains a value play, trading ~26.4% below its estimated $9/share underlying value. IMMR's upside is now more tied to BNED's turnaround and ongoing equity investments, as patent monetization catalysts have weakened and patent portfolio value is uncertain. The company maintains strong liquidity, no debt, and a forward dividend yield near 4.5%, providing a moderate baseline return for patient investors. While no near-term catalyst is evident, management's activist background and recent events suggest ongoing efforts to unlock shareholder value. Read the full article on Seeking Alpha
Seeking Alpha • Mar 22

Immersion: Cheap But Lacking Catalysts - Hold

Summary Immersion Corporation's Q3/FY25 results were boosted by the consolidation of Barnes & Noble Education and substantial gains from investments in marketable securities. However, core licensing revenues of $8.4 million were down by more than 40% from an already muted second quarter numbers and are not likely to recover meaningfully anytime soon. While the company trades at a negative enterprise value, market participants are not likely to re-rate the core business without new high- profile licensing agreements. With the fall rush now in the rear view mirror, the consolidation of Barnes & Noble Education will become a headwind for the next couple of quarters. Given the near-term headwinds, I don't see a compelling reason to initiate or add to existing positions in the shares. Read the full article on Seeking Alpha
Analysis Article • Mar 15

Immersion (NASDAQ:IMMR) Will Pay A Dividend Of $0.045

Immersion Corporation ( NASDAQ:IMMR ) has announced that it will pay a dividend of $0.045 per share on the 25th of...
Seeking Alpha • Mar 04

Immersion: Undervalued, With A Bevy Of Potential Catalysts On Tap

Summary Immersion a holding company with a myriad of interests in public companies and a patent portfolio, is trading at as much as a 34.4% discount to its underlying value. Better yet, there are many ways IMMR could bridge this valuation gap, and then some. Tapping into an existing share repurchase program could add material upward pressure to IMMR stock. Other catalysts, like further patent litigation success, could send this $8 per share stock back up towards $14 per share. Read the full article on Seeking Alpha
Analysis Article • Dec 24

Here's Why We Think Immersion (NASDAQ:IMMR) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Dec 18

Immersion: Core Licensing Business Not Likely To Attract New Investors, Hold

Summary Immersion Corporation reported somewhat confusing quarterly results, with numbers and comparisons heavily impacted by the consolidation of Barnes & Noble Education. While the consolidation of Barnes & Noble Education made the numbers appear strong, Immersion's core licensing revenues were down by more than 70% on a sequential basis. The company declared a $0.245 per share special cash dividend for the quarter which is payable on January 24, 2025, to stockholders of record on January 10, 2025. With Immersion's licensing operations often viewed as "patent trolling", market participants remain hesitant to assign meaningful value to the core business. While the company continues to trade at bargain levels, I do not expect market participants to re-rate the core business without additional high-profile licensing agreements. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04

Immersion Corporation: This Company Delivered 3 Years' Worth Of Revenue In One Quarter

Summary Removing Barnes & Noble's P&L contribution, Immersion's haptic business generated $52m in Q2 after winning license agreements from OEMs. With no R&D spending and only 14 employees, Immersion is more focused on maximising its existing patent portfolio in the niche haptic technology market. Sales driven by Immersion's haptic licensing deals could grow due to VR adoption, especially from Meta, in the years ahead. Overall, due to the limited communication from management and lack of investor marketing, it's hard to judge the company and its valuation, hence the "hold" recommendation. Read the full article on Seeking Alpha
Seeking Alpha • Aug 22

Immersion Corporation: Cheap For Good Reason - Hold

Summary After the close of Tuesday's regular session, Immersion Corporation reported strong Q2/2024 results as licensing operations benefited from the recognition of some large settlement and renewal deals. In addition, the recent acquisition of a controlling stake in Barnes & Noble Education has turned out to be a major winner. However, the required consolidation of Barnes & Noble Education's highly seasonal operations will make it more difficult for investors to assess the performance of Immersion's core licensing business. While valuation appears undemanding, the inherent unpredictability of the core licensing business and the company's disappointing approach to shareholder capital returns are keeping me sidelined. Consequently, I am initiating coverage of Immersion Corporation with "Hold". Read the full article on Seeking Alpha
Analysis Article • Jul 29

There's No Escaping Immersion Corporation's (NASDAQ:IMMR) Muted Earnings Despite A 44% Share Price Rise

Immersion Corporation ( NASDAQ:IMMR ) shares have continued their recent momentum with a 44% gain in the last month...
Seeking Alpha • Jul 21

Immersion Corp.: The Technology Is Great, But The Business Model Is Not Appealing

Summary Immersion Corp designs haptic feedback technology and licenses it to major tech companies like Sony, Microsoft, Nintendo, and Samsung. IMMR's financial performance has been inconsistent, with sporadic revenue growth and a heavy reliance on litigation revenues for boosts. IMMR's future potential lies in the growing demand for haptic technology in AR/VR sets and consumer products, but its inconsistent revenue stream makes it uncertain. Read the full article on Seeking Alpha
Analysis Article • Jul 17

Is It Too Late To Consider Buying Immersion Corporation (NASDAQ:IMMR)?

Immersion Corporation ( NASDAQ:IMMR ), is not the largest company out there, but it led the NASDAQGS gainers with a...
Seeking Alpha • Jul 09

Immersion: A Value Play In A Unique Market Segment

Summary Immersion Corp. licenses haptic technology to various tech companies for use in mobility, gaming, and automotive markets. Immersion has a strong balance sheet with solid cash-on-hand position, making it a value proposition with a P/E ratio of 9.32. Risks include dependence on licensing arrangements, particularly with Samsung Electronics, and sensitivity to technology companies' ability to do business. Read the full article on Seeking Alpha
Seeking Alpha • May 08

Immersion: An Able Capital Allocator Is Leading A Transformation

Summary Immersion has a new CEO, Eric Singer, who is focused on unlocking value for shareholders. Eric Singer is the founder of VIEX Capital Advisors and has a long track record of implementing shareholder friendly policies. IMMR's 34% stake in Barnes & Noble Education is transforming the company. With a current dividend yield of 2.4% and a discount to the underlying value of the company, an investment today provides a great entry point. Read the full article on Seeking Alpha
Analysis Article • Mar 18

Immersion's (NASDAQ:IMMR) Profits May Not Reveal Underlying Issues

Following the solid earnings report from Immersion Corporation ( NASDAQ:IMMR ), the market responded by bidding up the...
Seeking Alpha • Jan 19

Immersion: Undervalued, But More Than Just Financial Engineering Needed

Summary Immersion Corporation develops haptic technology for gaming, mobility, automotive, and VR/AR, but has struggled to grow revenue. The company generates revenue mainly from licensing its patents, with key licensees including Samsung, Google, Sony, Microsoft, and Panasonic. Immersion's haptic technology aims to provide confirmation, realism, and rich communication in digital experiences, but revenue stagnation and reliance on lawsuits are concerns. Read the full article on Seeking Alpha
Analysis Article • Apr 01

Is Immersion Corporation (NASDAQ:IMMR) Potentially Undervalued?

While Immersion Corporation ( NASDAQ:IMMR ) might not be the most widely known stock at the moment, it received a lot...
Analysis Article • Feb 28

Here's Why We Think Immersion (NASDAQ:IMMR) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Shareholder Returns

IMMRUS TechUS Market
7D1.9%1.8%-0.1%
1Y-0.1%43.6%11.9%

Return vs Industry: IMMR underperformed the US Tech industry which returned 43.6% over the past year.

Return vs Market: IMMR underperformed the US Market which returned 11.9% over the past year.

Price Volatility

Is IMMR's price volatile compared to industry and market?
IMMR volatility
IMMR Average Weekly Movement7.2%
Tech Industry Average Movement10.9%
Market Average Movement6.8%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.9%

Stable Share Price: IMMR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: IMMR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19933,082Eric Singerwww.immersion.com

Immersion Corporation, together with its subsidiaries, engages in the business of intellectual property (IP) that engages user sense of touch when operating digital devices in North America, Europe, and Asia. It operates through two segments, Immersion and Barnes & Noble Education. The company offers software, related tools, and technical assistance related to integrating its patented technology; educational content and general merchandise, and digital and physical textbooks through its bookstore locations, including virtual bookstores, and bookstore-affiliated e-commerce websites; and marketing services, including promotional activities and advertisements, as well as operates as a textbook wholesaler, and bookstore management hardware and software provider.

Immersion Corporation Fundamentals Summary

How do Immersion's earnings and revenue compare to its market cap?
IMMR fundamental statistics
Market capUS$239.42m
Earnings (TTM)US$11.21m
Revenue (TTM)US$1.73b
21.8x
P/E Ratio
0.1x
P/S Ratio

Is IMMR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IMMR income statement (TTM)
RevenueUS$1.73b
Cost of RevenueUS$1.36b
Gross ProfitUS$373.23m
Other ExpensesUS$362.02m
EarningsUS$11.21m

Last Reported Earnings

Jul 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin21.54%
Net Profit Margin0.65%
Debt/Equity Ratio22.1%

How did IMMR perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
80%
Payout Ratio

Does IMMR pay a reliable dividends?

See IMMR dividend history and benchmarks
When do you need to buy IMMR by to receive an upcoming dividend?
Immersion dividend dates
Ex Dividend DateOct 16 2026
Dividend Pay DateOct 30 2026
Days until Ex dividend24 days
Days until Dividend pay date38 days

Does IMMR pay a reliable dividends?

See IMMR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 22:07
End of Day Share Price 2026/09/21 00:00
Earnings2026/07/31
Annual Earnings2026/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Immersion Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David WilliamsAscendiant Capital Markets LLC
Hamed KhorsandBWS Financial Inc.
Scott SearleStoneX Financial, Inc.