Immersion Corporation (OQ:IMMR)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2999 N. E. 191St Street, Suite 610 AVENTURA FL 33180 |
| Tel: | 1-408-3508756 |
| Website: | https://www.immersion.com |
| IR: | See website |
| Key People | ||
| Eric Singer Chairman of the Board, President, Chief Executive Officer | J. Michael Dodson Chief Financial Officer | William C. Martin Chief Strategy Officer, Director |
| Business Overview |
| Immersion Corporation is a developer and provider of technologies for haptics. The Company develops, licenses, and supports a range of software and intellectual property (IP) that fully engage users senses of touch when operating digital devices. The Company offers licenses to its patented technology to its customers and offers its customers enabling software, related tools and technical assistance designed to integrate the Company's patented technology into its customers products or enhance the functionality of its patented technology. The Company's licenses enable its customers to deploy haptically enabled devices, content and other offerings, which they typically sell under their own brand names. It is focused on various target application areas, such as mobile devices, wearables, consumer, mobile entertainment and other content; virtual and augmented reality; console gaming; automotive; medical, and residential, commercial, and industrial Internet of Things. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Immersion Corporation revenues decreased 12% to $33.9M. Net income increased 11% to $34M. Revenues reflect Fixed fee license revenue segment decrease of 56% to $5.3M, Development, services, and other revenue segment decrease of 51% to $138K, North America segment decrease of 72% to $3.1M. Net Income benefited from Interest and other income increase from $2.8M to $25M (income). |
| Employees: | 14 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $68.20M as of Dec 31, 2023 |
| Annual revenue (TTM): | $33.92M as of Dec 31, 2023 |
| EBITDA (TTM): | $17.99M as of Dec 31, 2023 |
| Net annual income (TTM): | $33.98M as of Dec 31, 2023 |
| Free cash flow (TTM): | $13.19M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 31,700,667 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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