AVENTURA, Fla.--(BUSINESS WIRE)--Immersion Corporation (“Immersion”, the “Company”, “we”, “us” or “our”) (Nasdaq: IMMR), a leading provider of technologies for haptics, today reported financial results for the third quarter of its fiscal year ending April 30, 2025 (“fiscal 2025”). Third Quarter of Fiscal 2025 Consolidated Financial Summary1: Total revenues of $474.8 million in the three months ended January 31, 2025, compared to $9.5 million in the three months ended September 30, 2023. GAAP Ne.
Immersion a holding company with a myriad of interests in public companies and a patent portfolio, is trading at as much as a 34.4% discount to its underlying value. Better yet, there are many ways IMMR could bridge this valuation gap, and then some. Tapping into an existing share repurchase program could add material upward pressure to IMMR stock.
In the most recent trading session, Immersion (IMMR) closed at $8.05, indicating a -1.83% shift from the previous trading day.
In the latest trading session, Immersion (IMMR) closed at $8.29, marking a -1.19% move from the previous day.
Immersion (IMMR) closed the most recent trading day at $8.30, moving +0.12% from the previous trading session.
Immersion (IMMR) closed at $8.51 in the latest trading session, marking a +1.07% move from the prior day.
Immersion's leadership in the haptic space provides a solid growth trajectory in the long term, making the stock worth holding at present.
Immersion Corporation's investment in Barnes & Noble Education has become the main point of interest among investors in IMMR stock. While IMMR's "Holdco discount" comes in at a relatively modest 7%, there are three key reasons why you may want to gain exposure to a further BNED comeback through IMMR. These include the potential for a much better risk/reward proposition, possible future acquisitions/return-of-capital efforts, as well as possible additional small windfalls from IMMR's patent portfolio.
Immersion Corporation reported somewhat confusing quarterly results, with numbers and comparisons heavily impacted by the consolidation of Barnes & Noble Education. While the consolidation of Barnes & Noble Education made the numbers appear strong, Immersion's core licensing revenues were down by more than 70% on a sequential basis. The company declared a $0.245 per share special cash dividend for the quarter which is payable on January 24, 2025, to stockholders of record on January 10, 2025.
Immersion (IMMR) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.08 per share a year ago.