3 weeks ago
Company Results at Top End or Exceeds Preliminary Announcement;
Reports Over 40% Sequential Quarterly Revenue Growth and GAAP and Non-GAAP EPS of $0.30 and $0.29 per share
SAN FRANCISCO–(BUSINESS WIRE)–#haptics–Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter Financial Summary:
Total revenues of $10.9 million, compared to $11.5 million in the fourth quarter of 2019. Royalty and license revenues were $10.9 million, compared to $11.4 million in the fourth quarter of 2019.
GAAP operating expenses of $5.7 million declined 48% from $11.0 million in the fourth quarter of 2019. Non-GAAP operating expenses of $3.5 million declined 58% from non-GAAP operating expenses of $8.3 million in the fourth quarter of 2019. (See attached table for a reconciliation of GAAP to non-GAAP financial measure
Company Results at Top End or Exceeds Preliminary Announcement;
Reports Over 40% Sequential Quarterly Revenue Growth and GAAP and Non-GAAP EPS of $0.30 and $0.29 per share
Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter Financial Summary:
Total revenues of $10.9 million, compared to $11.5 million in the fourth quarter of 2019. Royalty and license revenues were $10.9 million, compared to $11.4 million in the fourth quarter of 2019.
GAAP operating expenses of $5.7 million declined 48% from $11.0 million in the fourth quarter of 2019. Non-GAAP operating expenses of $3.5 million declined 58% from non-GAAP operating expenses of $8.3 million in the fourth quarter of 2019. (See attached table for a reconciliation of GAAP to non-GAAP financial measures.)
Select Highlights Announced successful completion of the Company s real estate investment trust ( REIT ) conversion and payment of the previously declared special distribution on the Company s shares of common stock through an aggregate of $5.6 million in cash and the issuance of 1,198,963 shares of the Company s common stock. Reported Net Income per diluted share of $16.60 and $16.69 for the quarter and year ended December 31, 2020, respectively. Reported FFO per diluted share of $2.11 and $5.84 for the quarter and year ended December 31, 2020, respectively. Reported AFFO per diluted share of $2.20 and $5.57 for the quarter and year ended December 31, 2020, respectively. Paid a regular cash dividend for the fourth quarter of 2020 of $1.00 per share on November 30, 2020 to shareholders of record as of November 16, 2020.
Nomad Foods Limited: Nomad Foods Provides Preliminary Full Year 2020 Expectations and Initiates 2021 Guidance
Initiates 2021 Adjusted EPS guidance of €1.50-€1.55 per share, representing 11-15% growth
Nomad Foods Limited (NYSE: NOMD) today announced that management will present virtually at the Consumer Analyst Group of New York (CAGNY) Conference at 11:50am EST. In advance of its presentation, the Company is providing preliminary commentary for the three and twelve-month periods ended December 31, 2020 which are scheduled to be reported on Thursday February 25, 2021. The Company is also providing initial guidance for the full year 2021.
Preliminary Fourth Quarter 2020 Expectations
Organic revenue growth of approximately 9.5%, ahead of prior guidance of high-single digit growth
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Parker Hannifin Corporation s Fiscal 2021 Second Quarter Earnings Conference Call and Webcast. [Operator Instructions] I would now like to hand the conference over to your speaker today, Todd Leombruno, Chief Financial Officer. Thank you. Please go ahead, sir.
Todd M. Leombruno
Chief Financial Officer
Thank you, Gigi, and welcome everyone to our earnings release webcast, This is Todd Leombruno, Chief Financial Officer and joining me today are Chairman and Chief Executive Officer, Tom Williams; and President and Chief Operating Officer, Lee Banks. Today s commentary and the slide presentation will be accessible as an on-demand webcast on our Investor Information website located at phstock.com and will remain available for one year.