IMMR preliminary numbers look pretty good. Solid company with great IP and a good balance sheet.
4:41 pm ET July 6, 2021 (Dow Jones)
Immersion Announces Preliminary Results for Fiscal Second Quarter 2021
Company Expects 90% Year-over-year Revenue Growth, GAAP EPS of between $0.16 and $0.18 per share and Non-GAAP EPS between $0.22 and $0.23 per share
SAN FRANCISCO--(BUSINESS WIRE)--July 06, 2021--
Immersion Corporation (NASDAQ: IMMR), the leading developer and provider of technologies for haptics, announced today preliminary results for the fiscal second quarter ended June 30, 2021.
Based on preliminary financial data, Immersion expects fiscal second quarter:
-- Revenues to be between $10.5 to $11.0 million
-- GAAP Operating expenses to be between $5.1 and $5.5 million
-- GAAP Net Income to be between $5.0 and $5.5 million or $0.16 and $0.18
per diluted share
-- Non-GAAP Operating expenses to be between $3.9 and $4.3 million
-- Non-GAAP Net Income to be between $6.8 and $7.3 million or $0.22 and $0.23 per diluted share
Jared Smith, Immersion's Interim Chief Executive Officer commented, "We finished the first half of 2021 with strong momentum in our business, delivering sequential and year-over-year growth while continuing to innovate. I'm excited to capitalize on this momentum and look forward to providing a more comprehensive update in our upcoming earnings call."
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