NASDAQ$IMMR

Immersion Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Immersion reported a 14% revenue growth, positive operating cash flow, and strong profitability in Q1 2021.

Immersion Corporation reported financial results for the first quarter ended March 31, 2021, with total revenues of $7.2 million, a GAAP net income of $2.0 million, and cash and cash equivalents totaling $102.6 million.

  • Total revenues were $7.2 million, compared to $6.3 million in the first quarter of 2020.
  • GAAP operating expenses declined 57% from $10.8 million in the first quarter of 2020 to $4.6 million.
  • GAAP net income was $2.0 million, or $0.07 per diluted share, compared to GAAP net loss of $4.8 million, or $0.16, in the first quarter of 2020.
  • Cash and cash equivalents totaled $102.6 million as of March 31, 2021.

Headline financials

Total Revenue

$7.16M

Previous: $6.26M+14.4%
EPS (adj)

$0.10

Previous: -$0.08+225.0%
Capital Expenditures

-$57K

Previous: -$21K-171.4%
Free Cash Flow

$1.98M

Previous: -$4.85M+140.8%
Net Income

$2.04M

Previous: -$4.83M+142.2%
Operating Income

$2.49M

Previous: -$4.55M+154.8%
Gross Profit

$7.13M

Previous: $6.21M+14.8%
Cash & Equivalents

$103M

Previous: $76.2M+34.6%
Total Assets

$136M

Previous: $107M+26.9%
Stock-Based Comp

$531K

Previous: $729K-27.2%

Revenue & EPS history

Immersion · Revenue · Quarterly

$7.16M

Q1 2021+14.4%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Immersion · $9.47M total across 1 segment · Q3 2023

  • Royalty and license
    $9.47M

Forward guidance

Immersion expects continued sequential improvement in revenue and operating income for the remainder of the year.

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 2021

Historical avgQ1 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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