NASDAQ$IMMR

Immersion Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Immersion reported Q4 2021 results, focusing on driving profitability.

Immersion Corporation reported total revenues of $9.7 million for Q4 2021, compared to $10.9 million in Q4 2020. GAAP net income was $1.3 million, or $0.04 per diluted share, compared to $8.1 million, or $0.30 per diluted share, in the fourth quarter of 2020.

  • Total revenues were $9.7 million, a decrease from $10.9 million in Q4 2020.
  • GAAP operating expenses decreased by 31% to $3.9 million from $5.7 million in Q4 2020.
  • GAAP net income was $1.3 million, or $0.04 per diluted share, compared to $8.1 million, or $0.30 per diluted share, in Q4 2020.
  • Non-GAAP net income was $5.8 million, or $0.17 per diluted share, compared to $8.0 million, or $0.29 per diluted share in Q4 2020.

Headline financials

Total Revenue

$9.75M

Previous: $10.9M-10.9%
EPS (adj)

$0.17

Previous: $0.29-41.4%
Capital Expenditures

$246K

Previous: $7K+3414.3%
Free Cash Flow

$6.48M

Previous: $3M+115.8%
Net Income

$1.34M

Previous: $8.09M-83.5%
Operating Income

$5.8M

Previous: $5.24M+10.7%
Gross Profit

$9.74M

Previous: $10.9M-10.7%
Cash & Equivalents

$51.5M

Previous: $59.5M-13.5%
Total Assets

$176M

Previous: $96.1M+82.6%
Stock-Based Comp

$341K

Previous: $1.32M-74.2%

Revenue & EPS history

Immersion · Revenue · Quarterly

$9.75M

Q4 2021-10.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • Royalty and license
    $9.47M

Forward guidance

The company is currently focused on pursuing opportunities to drive the adoption of our haptics intellectual property in the automotive industry, especially in the burgeoning electric vehicle market; establishing industry technical standards for haptics in mobility and gaming; and ensuring that our intellectual property is recognized in the emerging AR/VR/metaverse market, either through execution of licenses or by proactive enforcement.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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