Last $10.55 USD
Change Today +0.12 / 1.15%
Volume 90.7K
IMMR On Other Exchanges
Symbol
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As of 2:47 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

immersion corporation (IMMR) Snapshot

Open
$10.38
Previous Close
$10.43
Day High
$10.57
Day Low
$10.13
52 Week High
08/2/13 - $16.73
52 Week Low
04/22/13 - $9.63
Market Cap
296.9M
Average Volume 10 Days
269.0K
EPS TTM
$1.41
Shares Outstanding
28.1M
EX-Date
--
P/E TM
7.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for IMMERSION CORPORATION (IMMR)

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immersion corporation (IMMR) Details

Immersion Corporation, an intellectual property (IP) and technology licensing company, creates, designs, develops, and licenses technologies in North America, Europe, the Far East, and internationally. It provides haptic technologies that allow people to use their sense of touch when operating various digital devices. The company licenses its software under the TouchSense brand to original equipment manufacturers (OEMs) or their suppliers. It offers a range of software for incorporation into mobile devices, video console gaming systems, consumer electronics, medical simulation and surgical robotic systems, and automotive controls. The company also licenses its customers to implement the licensed software in their products. In addition, it offers turn-key engineering and integration services, design kits for prototyping, authoring tools, and application programming interfaces, as well as develops hardware and software technologies that are compatible with industry standards. The company sells its products through a direct sales force. Immersion Corporation was founded in 1993 and is headquartered in San Jose, California.

105 Employees
Last Reported Date: 02/27/14
Founded in 1993

immersion corporation (IMMR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $347.3K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $175.6K
Senior Vice President of Sales & Marketing
Total Annual Compensation: $227.4K
Compensation as of Fiscal Year 2012.

immersion corporation (IMMR) Key Developments

Immersion Corporation Presents at Sidoti & Company's Eighteenth Annual Emerging Growth Institutional Investor Forum, Mar-18-2014 10:40 AM

Immersion Corporation Presents at Sidoti & Company's Eighteenth Annual Emerging Growth Institutional Investor Forum, Mar-18-2014 10:40 AM. Venue: The Grand Hyatt Hotel, New York, New York, United States.

Immersion Corporation Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

Immersion Corporation reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2013. Total revenues for the fourth quarter of 2013 were $12.1 million, an increase of 36% compared to $8.9 million for the fourth quarter of 2012. Royalty and license revenues of $11.6 million for the fourth quarter of 2013 were up 52% from the same period last year. Net income for the fourth quarter of 2013 was $37.4 million, or $1.26 per diluted common share, compared to a net loss of $402,000, or $0.01 per share, for the fourth quarter of 2012. Adjusted EBITDA for the fourth quarter of 2013 was $2.0 million, compared to $610,000 in the fourth quarter of 2012, in each case reflecting the change in accounting method. Operating income was $0.648 million against operating loss of $0.373 million a year ago. Income from continuing operations was $37.403 million or $1.26 per diluted share against loss from continuing operations of $0.402 million or $0.01 per diluted share a year ago. Revenues for fiscal 2013 were $47.5 million, an increase of 48% as compared to $32.2 million for fiscal 2012. Royalty and license revenue for fiscal 2013 totaled $46.2 million, an increase of 59% over $29.0 million for fiscal 2012. Net income for fiscal 2013 was $40.2 million, or $1.37 per diluted common share, as compared to a net loss of $7.2 million, or $0.26 per share, for fiscal 2012, in each case reflecting the change in accounting method. Net income for 2013 included an income tax benefit of $36.5 million, or $1.24 per diluted common share, resulting primarily from the release of a tax valuation allowance relating to net deferred tax assets. Adjusted EBITDA for fiscal 2013 was $8.9 million, compared to a loss of $2.9 million in fiscal 2012, in each case reflecting the change in accounting method. Operating income was $3.604 million against operating loss of $6.728 million a year ago. Income from continuing operations was $40.155 million or $1.37 per diluted share against loss from continuing operations of $7.350 million or $0.27 per diluted share a year ago. Cash generated from operations was $21.2 million. Based on its current outlook, the company expects revenues for 2014 to be in the range of $54 million to $62 million, reflecting growth of 14% to 31% over the prior year, which included a one-time benefit of more than $2.0 million related to a contract renewal transition, and the company expects Non-GAAP net income for 2014 to be in the range of $8 million to $15 million, which results in Non-GAAP earnings per share of $0.27 to $0.50, assuming 30 million shares outstanding.

Immersion Corporation Enters into Multi-Year License Agreement with Tokai Rika

Immersion Corporation announced that it has entered into a multi-year licensing arrangement with Tokai Rika. Under the agreement, Tokai Rika can offer Immersion's haptic technology for their touch pad interfaces to automotive OEMs. Advancements in haptic technology have resulted in high quality, low-latency tactile interfaces that are now available with streamlined and cost efficient design options. In the automotive environment, haptic feedback has numerous benefits, including promoting safety by reducing secondary glance rates and task completion times, reducing visual distraction, frustration and confusion, instilling confidence in drivers by delivering a positive user experience, providing automakers with interior design flexibility and lowering cost.

 

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Valuation IMMR Industry Range
Price/Earnings 7.6x
Price/Sales 6.3x
Price/Book 3.7x
Price/Cash Flow 7.3x
TEV/Sales 4.7x
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