NASDAQ$IMMR
Immersion Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Immersion's revenue decreased, but the company repurchased shares and increased the quarterly dividend.
Immersion Corporation reported a decrease in revenue for Q3 2023, with total revenues of $9.5 million compared to $14.0 million in Q3 2022. Despite the revenue decline, the company's GAAP net income was $2.7 million, or $0.08 per diluted share. Immersion repurchased 1.5% of shares outstanding and increased the quarterly dividend by 50 percent. They also announced the filing of a second patent lawsuit against Meta.
- Total revenues were $9.5 million, a decrease from $14.0 million in the third quarter of 2022.
- GAAP net income reached $2.7 million, or $0.08 per diluted share.
- Non-GAAP net income was $4.0 million, or $0.12 per diluted share.
- Immersion repurchased 485,061 shares, representing 1.5% of shares outstanding.
Headline financials
Revenue & EPS history
Immersion · Revenue · Quarterly
$9.48M
Revenue by segment
Immersion · $9.47M total across 1 segment · Q3 2023
- Royalty and license$9.47M—100.0%
Forward guidance
Immersion is focused on protecting its intellectual property and pursuing thoughtful capital allocation to increase long-term shareholder value.
Tailwinds
- Continuing efforts to ensure intellectual property is recognized.
- Filed a second legal complaint against Meta Platforms, Inc.
- Seeking opportunities to monetize intellectual property.
- Robust balance sheet allows for meaningful shareholder returns.
- Board of Directors increased quarterly dividend by 50 percent.
Headwinds
- Inability to predict the outcome of any litigation.
- Costs associated with any litigation.
- Risks related to the business of initiating litigation.
- Unanticipated changes in the markets.
- Effects of the current macroeconomic climate.
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 Q3 2023
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+2.6%
Avg return
30 days after
49%
31 / 63 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 | — | — | — | |
| Q3 2026 | +3.6% | +6.7% | — | |
| 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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