IMMERSION CORP (IMMR) Form 10-Q — Sep 14, 2026
Immersion Corporation filed its fiscal 2027 first-quarter 10-Q showing total revenue of $294.4 million, up about 1% year over year, with the consolidated net loss narrowing 67% to $4.6 million from $13.7 million. After allocating losses to noncontrolling interest holders, net income attributable to Immersion stockholders was $4.9 million, or $0.17 per share, versus a loss of $0.03 per share in the prior-year quarter. Nearly all revenue came from Barnes & Noble Education, the campus bookstore operator Immersion has consolidated since acquiring a controlling interest in June 2024 and now owns 32.3% of.
Key figures
- Eps
- $0.17 basic and diluted (vs -$0.03 prior year)
- Revenue
- $294.4 million (vs $292.0 million prior year, ~+1%)
- Net Income
- -$4.6 million consolidated; $4.9 million net income attributable to Immersion stockholders
- Total Debt
- $123.5 million BNED Credit Facility borrowings (vs $71.0 million at April 30, 2026)
- Total Assets
- $1.18 billion
- Cash Position
- $174.8 million combined cash and equivalents (Immersion $167.0 million; BNED $7.8 million)
- Shares Outstanding
- 33206041
- Bned stores
- 1062
- Bned revenue
- $290.6 million (+1% YoY)
- Immersion patents
- approximately 300 issued or pending
- Dividend per share
- 0.075
- Bned operating loss
- -$20.3 million
- Bned buyback remaining
- $26.7 million
- Bned nol carryforwards
- $195.8 million (Section 382 limited)
- Bned ownership percent
- 32.3% (Immersion), 67.7% noncontrolling interest
- Dividends paid in quarter
- $2.5 million
- Unrecognized tax benefits
- $9.0 million
- Consolidated operating loss
- -$20.0 million (vs -$26.4 million prior year)
- Immersion buyback remaining
- $39.3 million
- Lge deposit writeoff expense
- $5.9 million
- Revolving credit commitments
- $325 million, matures June 9, 2028
- Noncontrolling interest balance
- $260.2 million
- Immersion royalty license revenue
- $3.8 million (-2% YoY)
- Immersion segment operating income
- $0.3 million (+73% YoY)
- Samsung withholding tax reimbursement
- $9.7 million
AI analysis
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