Immersion reports $294.4 million first quarter revenue

• Immersion Corporation reported first-quarter fiscal 2027 total revenues of $294.4 million, up slightly from $292 million a year earlier.
• The company successfully reversed a prior-year deficit, recording GAAP net income of $4.9 million compared to a $0.9 million loss last year.
• The company stated it remains focused on executing strategic business initiatives designed to drive long-term shareholder value.

Immersion Corporation (NASDAQ:IMMR) reported total revenues of $294.4 million for the first quarter of fiscal 2027, reversing a prior-year net loss.

The total quarterly revenue figure represents a moderate increase compared to the $292 million recorded during the exact same period last year.

The technology licensing firm recorded GAAP operating expenses of $80.4 million, which decreased from $84.8 million in the prior-year period.

Following the announcement, Immersion Corporation's share price was down at $7.36.

The business also reported non-GAAP net income of $16.6 million, or $0.50 per diluted share, representing a slight decline from $16.9 million a year ago.

The company continues to generate revenue by licensing its proprietary haptic feedback technologies for integration into mobile devices, gaming controllers, and automotive infotainment systems.