Immersion Corporation

NasdaqGS:IMMR Stock Report

Market Cap: US$239.4m

Immersion Past Earnings Performance

Past criteria checks 0/6

Immersion's earnings have been declining at an average annual rate of -1.6%, while the Tech industry saw earnings growing at 19.4% annually. Revenues have been growing at an average rate of 78% per year. Immersion's return on equity is 3.3%, and it has net margins of 0.6%.

Key information

-1.56%

Earnings growth rate

-1.63%

EPS growth rate

Tech Industry Growth14.32%
Revenue growth rate77.99%
Return on equity3.29%
Net Margin0.65%
Last Earnings Update31 Jul 2026

Recent past performance updates

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...

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...

Revenue & Expenses Breakdown

How Immersion makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:IMMR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Jul 261,733113000
30 Apr 261,73153010
31 Jan 261,746-183030
31 Oct 251,698163040
31 Jul 251,664362990
30 Apr 251,556642770
30 Jun 2416366640
30 Apr 2413753240
31 Mar 247144390
31 Dec 233434160
30 Sep 233338140
30 Jun 233743140
31 Mar 233834130
31 Dec 223831130
30 Sep 223912130
30 Jun 22328130
31 Mar 223516130
31 Dec 213512130
30 Sep 213619140
30 Jun 213718160
31 Mar 213112170
31 Dec 20305230
30 Sep 2031-2280
30 Jun 2034-6330
31 Mar 2037-14440
31 Dec 1936-20490
30 Sep 1935-24520
30 Jun 1933-27540
31 Mar 1931-27500
31 Dec 1811154480
30 Sep 1810745510
30 Jun 1811045540
31 Mar 1811137600
31 Dec 1735-45670
30 Sep 1737-71690
30 Jun 1752-59680
31 Mar 1753-50640
31 Dec 1657-40590
30 Sep 1664-1530
30 Jun 1652-8490
31 Mar 16610450
31 Dec 15633430
30 Sep 15603420

Quality Earnings: IMMR has a large one-off gain of $11.6M impacting its last 12 months of financial results to 31st July, 2026.

Growing Profit Margin: IMMR's current net profit margins (0.6%) are lower than last year (2.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: IMMR's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: IMMR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IMMR had negative earnings growth (-69.1%) over the past year, making it difficult to compare to the Tech industry average (82.1%).

Return on Equity

High ROE: IMMR's Return on Equity (3.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 04:08
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.