Trade Immersion Corp - IMMR CFD

Immersion Corp Company profile

About Immersion Corporation

Immersion Corporation is a licensing company focused on creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch when engaged with digital products. The Company develops, licenses, and supports a range of software and intellectual property (IP). Its primary business is focused on mobility, gaming, and automotive, entertainment, social content, virtual and augmented reality, sexual wellness, and wearables, as well as residential, commercial, and industrial Internet of Things. It offers enabling technology, IP, and haptic expertise to its customers through various offerings, including technology licenses, patent licenses, and combined licenses that cover both technology and patents. Its technology licenses include services, reference designs, and/or software development kits (SDKs). It also offers haptic expertise to Original Equipment Manufacturers (OEM) in the mobile, gaming, and related consumer electronics markets.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Immersion Corporation revenues increased 15% to $35.1M. Net income increased from $5.4M to $12.5M. Revenues reflect Per-Unit royalty revenue segment increase of 17% to $28.8M, Fixed fee license revenue segment increase of 7% to $5.8M, Asia segment increase of 15% to $26.7M, Europe segment increase of 73% to $4.2M. Net income benefited from General & administrative decrease of 40% to $9M (expense).

Equity composition

Common Stock $.001 Par, 04/11, 100M auth., 31,016,812 issd., less 2,788,209 shs. in Treas. @ $18.4M. Insider own 1.99%. IPO:11/11/99, 4,250,000 shs @ $12 by Hambrecht & Quist.