NASDAQ$IMMR
Immersion Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Immersion's Q1 2020 results were reported, with a focus on improving profitability and enhancing shareholder value.
Immersion Corporation reported a 22% increase in revenue compared to the same quarter last year. GAAP operating expenses decreased by 35% year-over-year. The company repurchased $12 million of common stock during the quarter.
- Total revenues grew 22% to $6.3 million compared to $5.1 million in Q1 2019.
- GAAP operating expenses declined 35% to $10.8 million from $16.6 million in Q1 2019.
- GAAP net loss was $4.8 million, or $0.16 per diluted share, compared to a net loss of $11.0 million, or $0.35, in Q1 2019.
- Non-GAAP net loss was $2.6 million, or $0.08 per diluted share, compared to a non-GAAP net loss of $8.6 million, or $0.28, in Q1 2019.
Headline financials
Revenue & EPS history
Immersion · Revenue · Quarterly
$6.26M
Revenue by segment
Immersion · $9.47M total across 1 segment · Q3 2023
- Royalty and license$9.47M—100.0%
Forward guidance
Immersion expects to be profitable on a non-GAAP basis for the fiscal year and intends to exit 2020 with an annual non-GAAP operating expense run rate of approximately $21 to $23 million.
Tailwinds
- Confident in strategy.
- Focused on executing across opportunities to unlock Immersion’s full profit and growth potential.
- Anticipated launch later this year of the PlayStation 5 console leveraging Sony’s license of Immersion’s haptic technology for gaming and VR controllers.
- Management team is working collaboratively with new Board to optimize business.
- Improve profitability to maximize value for shareholders.
Headwinds
- Do not intend to provide revenue guidance.
- Uncertainty and the potential variability of many of the costs and expenses that may be incurred in the future.
- Effects of the COVID-19 global pandemic on the Company and its business, and on the business of its suppliers and customers.
- Unanticipated changes in the markets in which the Company operates.
- Effects of the current macroeconomic climate (especially in light of the ongoing adverse effects of the COVID-19 global pandemic).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2020
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+2.7%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+23.8%
Q3 2022
Best reaction
-23.0%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | — | — | |
| Q3 2026 | +3.6% | +6.7% | +5.5% | |
| Q2 2026 | +3.6% | +15.2% | +11.3% | |
| Q1 2025 | +5.0% | +5.2% | +4.1% | |
| Q3 2025 | -0.1% | +0.9% | -7.9% | |
| Q3 2024 | +7.6% | +1.2% | +3.3% | |
| Q2 2024 | -6.5% | -10.1% | -16.1% | |
| Q1 2024 | +9.6% | +14.0% | +32.0% | |
| Q4 2023 | +7.7% | +15.8% | +10.2% | |
| Q3 2023 | -8.6% | -4.6% | -0.1% | |
| Q2 2023 | +7.8% | +6.4% | +0.7% | |
| Q1 2023 | -6.7% | -1.0% | +9.2% | |
| Q4 2022 | +11.9% | +13.1% | +20.1% | |
| Q3 2022 | +23.8% | +24.0% | +47.4% | |
| Q2 2022 | -9.2% | -9.9% | -0.3% | |
| Q1 2022 | +20.1% | +29.4% | +26.0% | |
| Q4 2021 | +8.5% | +13.2% | +13.4% | |
| Q3 2021 | -23.0% | -22.7% | -39.4% | |
| Q2 2021 | -10.9% | -3.2% | -1.4% | |
| Q1 2021 | -7.9% | -13.3% | +1.3% | |
| Q4 2020 | -3.3% | +3.4% | -3.5% | |
| Q3 2020 | -1.2% | -0.7% | +15.4% | |
| Q2 2020 | +14.1% | +20.9% | +30.9% | |
| Q1 2020 | +1.0% | -3.3% | +2.9% | |
| Q4 2019 | -19.5% | -26.4% | -27.8% | |
| Q3 2019 | -6.7% | -8.5% | -19.4% | |
| Q2 2019 | +0.5% | -3.0% | +2.1% | |
| Q1 2019 | -18.2% | -23.8% | -30.1% | |
| Q4 2018 | -7.4% | -9.7% | -16.4% | |
| Q3 2018 | +1.8% | -5.0% | -5.2% | |
| Q2 2018 | -22.3% | -18.4% | -16.3% | |
| Q1 2018 | +9.2% | +16.9% | +41.4% | |
| Q4 2017 | +13.3% | +15.9% | +19.8% | |
| Q3 2017 | -4.5% | -19.8% | -5.5% | |
| Q2 2017 | -20.5% | -21.0% | -12.9% | |
| Q1 2017 | -10.5% | -9.3% | -5.0% | |
| Q4 2016 | -23.0% | -26.5% | -22.3% | |
| Q3 2016 | +8.5% | +15.2% | +34.6% | |
| Q2 2016 | -14.6% | -15.3% | -0.3% | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +16.7% | — | — | |
| Q3 2015 | +11.8% | — | — | |
| Q2 2015 | +17.9% | — | — | |
| Q1 2015 | +3.6% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -21.0% | — | — | |
| Q1 2014 | -7.2% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | +7.6% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +20.7% | — | — | |
| Q4 2012 | -5.4% | — | — | |
| Q3 2012 | +5.3% | — | — | |
| Q2 2012 | +7.4% | — | — | |
| Q1 2011 | +3.9% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | +5.4% | — | — | |
| Q3 2011 | -11.1% | — | — | |
| Q2 2011 | -18.5% | — | — | |
| Q2 2010 | -18.5% | — | — | |
| Q4 2010 | -3.8% | — | — | |
| Q3 2010 | -9.0% | — | — | |
| Q1 2010 | +4.9% | — | — |
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