Last $13.38 USD
Change Today -0.07 / -0.52%
Volume 104.8K
IMMR On Other Exchanges
Symbol
Exchange
IMMR is not on other exchanges.
As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

immersion corporation (IMMR) Snapshot

Open
$13.47
Previous Close
$13.45
Day High
$13.55
Day Low
$13.29
52 Week High
08/2/13 - $16.73
52 Week Low
03/27/14 - $9.69
Market Cap
379.3M
Average Volume 10 Days
175.0K
EPS TTM
$1.39
Shares Outstanding
28.3M
EX-Date
--
P/E TM
9.6x
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: $351.3K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $281.1K
Senior Vice President of Sales & Marketing
Total Annual Compensation: $253.2K
Compensation as of Fiscal Year 2013.

immersion corporation (IMMR) Key Developments

Immersion Corporation Appoints Jack Saltich as a Member of the Audit Committee of the Board

On July 23, 2014, the board of directors of Immersion Corporation appointed Jack Saltich, a current member of board, to serve as a member of the Audit Committee of the board.

Immersion Corporation and Huawei Device (Dongguan) Co., Ltd Enter into Multi-Year License Agreement

Immersion Corporation announced that it has entered into a multi-year worldwide license agreement with Huawei Device (Dongguan) Co. Ltd. This first direct license agreement with Huawei for Immersion's haptic software, TouchSense 3000, enables Huawei to add tactile feedback to certain Huawei branded mobile devices to create rich, multi-dimensional user experiences. Immersion TouchSense software creates an unlimited number of customizable, high-quality, power-efficient tactile effects that enhance mobile user interfaces, applications and services. The technology enables device manufacturers to create distinctive and intuitive user experiences by adding touch feedback throughout the device for better usability, greater realism and enhanced interactivity.

Immersion Receives Non-Compliance Notice From NASDAQ

On July 7, 2014, Immersion Corporation received a deficiency letter from The Listing Qualifications Department of The NASDAQ Stock Market LLC (NASDAQ) indicating that it was no longer in compliance with NASDAQ’s audit committee composition requirements as such requirements are set forth in NASDAQ Listing Rule 5605. The deficiency letter states that Immersion has until the earlier of Immersion’s next annual shareholder’s meeting or June 6, 2015; or if the next annual shareholders’ meeting is held before December 2, 2014, then Immersion must evidence compliance no later than December 3, 2014 to comply with Rule 5605. No later than the Compliance Deadline, Immersion must submit to NASDAQ documentation, including the biographies of any new directors, evidencing compliance with the listing rules. Immersion intends to regain compliance in advance of the Compliance Deadline by identifying a director who meets the NASDAQ listing rules, including Rule 5605, to serve on the Audit Committee of the Board of Directors of Immersion and will submit documentation to NASDAQ regarding such director. This deficiency is the result of the expiration of Mr. John Fichthorn’s term of service on Immersion’s Board of Directors.

 

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IMMR

Industry Average

Valuation IMMR Industry Range
Price/Earnings 9.9x
Price/Sales 7.8x
Price/Book 4.9x
Price/Cash Flow 9.4x
TEV/Sales 6.1x
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