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Operator Good day, ladies and gentlemen, and welcome to the Immersion Corporation Q4 and 2020 Earnings Conference Call. Please note that today s call is being recorded. And at this time, I would like to turn things over to Aaron Akerman, Immersion s Chief Financial Officer. Please go ahead, sir. Aaron Akerman Chief Financial Officer Good afternoon and thank you for joining us today on Immersion s fourth quarter 2020 conference call. This call is also being broadcast live over the web and can be accessed from the Investor Relations section of our website at ir.immersion.com. With me on today s call is Jared Smith, our new Interim CEO. During this call, we may make forward-looking statements, which may include any expectations, projections or other characterizations of future events or circumstances and include statements regarding the impact of COVID-19 on our business and the business of our customers and suppliers as well as on the economy in general and also i ....
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 $8.3 million in the fourth quarter of 2019. (See attached table for a reconciliation of GAAP to non-GAAP financial measures.) ....
1 month ago SAN FRANCISCO & NEW ORLEANS–(BUSINESS WIRE)–$IMMR#VR–Immersion Corporation (NASDAQ: IMMR), the leading developer of haptic technologies, and StrikerVR, the manufacturer and developer of cutting-edge force feedback peripherals, announced that the two companies will collaborate to bring new and imaginative haptic experiences to StrikerVR’s VR and gaming peripherals. The devices in development by StrikerVR will be built on StrikerVR’s advanced haptic peripherals and platform, complemented with Immersion’s HD haptic and kinesthetic technologies. StrikerVR’s newest controller will bring novel peripheral designs to the rapidly growing consumer VR market – creating sensations for players that mimic a wide range of virtual object and letting users experience everything from the power of a floor-shaking speaker; to the crack of a baseball bat; to the pull of a fishing line. The collaboration enables StrikerVR to expand the ....
1 month ago The ATSC Issues Recommended Practice on Haptics for ATSC 3.0 enabling haptic content to reach viewers on mobile devices SAN FRANCISCO–(BUSINESS WIRE)–$IMMR#ATSC30–Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, today announced that the Advanced Television System Committee, Inc. (ATSC) has published Immersion’s proposal as a Recommended Practice on Haptics for ATSC 3.0. The Recommended Practice enables the addition of haptics in ATSC 3.0 broadcast and broadband content streams on mobile devices capable of haptic feedback. This latest development provides a recommended approach for content distributors to add haptic playback capability to mobile apps and expand the distribution of haptic-enhanced content to viewers. The new feature will enable interactive content such as live sports, advertising, and gaming streamed on mobile devices to be enhanced with haptics. ....
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