Immersion Corporation logo IMMR - Immersion Corporation

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BUY 9
HOLD 6
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| PRICE TARGET: $10.00 DETAILS
HIGH: $10.00
LOW: $10.00
MEDIAN: $10.00
CONSENSUS: $10.00
UPSIDE: 59.49%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 1,742.1 1,555.9 33.9 38.5 35.1 30.5 36.0 111.0 35.0 57.1 63.4 52.9 47.5 32.2 30.6 31.1 27.7 36.5 34.7 27.9 24.3 23.8 20.2 20.2 19.2 15.3 8 5
Cost of Revenue 301.5 75.3 0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.5 0.5 0.5 1.2 1.3 2.9 8.3 12.4 8.8 7.2 6.4 6.3 5.3 5.9 6.1 3.5 1.8 1.4
Gross Profit 1,440.6 1,480.5 33.9 38.5 35.0 30.3 35.8 110.8 34.8 56.9 62.9 52.5 47.0 31.0 29.4 28.2 19.4 24.1 25.9 20.7 17.8 17.5 14.9 14.4 13.2 11.7 6.2 3.6
Operating Expenses
R&D Expenses 0 0 0.3 1.4 4.2 5.0 7.8 9.7 11.8 13.4 14.8 11.8 10.9 8.4 8.4 8.7 12.5 12.6 10.1 7.6 6.0 7.9 7.0 6.5 7.5 7.2 2.3 1.8
SG&A Expenses 1,352.8 1,327.3 15.7 12.7 13.1 23.1 49.4 47.9 66.9 58.8 43.4 34.6 32.4 26.1 19.7 23.1 35.0 35.8 24.1 22.7 22.3 28.4 20.3 15.6 17.6 18.8 7.2 3.3
Other Expenses 44.3 35.3 0 (0.0) 0 0 0 0 1.6 0 0 0.1 0.1 1.6 1.4 1.2 0.9 21.5 (133.9) (0.7) 1.3 1.6 2.5 6.9 5.3 6.0 1.6 0.4
Operating Expenses 1,397.1 1,362.6 16.0 14.0 17.2 28.1 57.2 57.7 80.2 72.2 58.2 46.5 43.4 36.1 29.4 33.1 48.4 69.9 (99.8) 29.6 29.5 37.9 29.8 29.0 30.4 32.1 11.1 5.5
Operating Income
Operating Income 43.5 117.9 17.9 24.4 17.8 2.2 (21.5) 53.1 (45.4) (15.3) 4.7 6.0 3.6 (5.1) (0.1) (4.8) (30.5) (46.3) 125.7 (9.0) (11.9) (20.4) (14.8) (15.0) (17.4) (20.4) (4.9) (1.9)
Interest Expense 12.9 9.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.2 1.0 1.6 1.5 0.0 0.1 0.6 0.9 0.9 0 0
Interest Income 14.6 31.2 25.0 2.8 1.2 0.3 1.8 1.8 0.3 0.8 0.2 0.4 0.2 0.2 0.2 0.3 0.8 4.0 5.9 0.3 0.5 0.2 0.1 0.3 1.1 0 0 0
Profitability
EBITDA 80.1 168.9 18.0 24.6 17.9 4.2 (19.3) 54.0 (42.8) (14.4) 5.7 6.5 4.3 (5.7) (1.7) (3.6) (26.7) (42.8) 127.6 (6.9) (9.7) (17.9) (11.3) (9.9) (10.2) (14.4) (5.7) (3.1)
EBIT 37.8 133.6 17.9 24.4 17.8 2.2 (21.5) 53.1 (43.8) (15.3) 4.7 6.0 3.6 (6.7) (1.9) (4.8) (29.2) (44.9) 125.7 (9.0) (11.7) (20.4) (14.8) (14.6) (17.2) (20.4) (7.8) (3.6)
Income Before Tax 16.0 119.3 42.9 27.0 17.3 3.2 (19.6) 54.7 (44.8) (14.5) 4.4 6.3 3.7 (4.9) 0.2 (4.6) (29.2) (42.5) 130.5 (10.3) (12.9) (20.9) (16.8) (16.5) (21.7) (21.3) (4.4) (1.7)
Income Tax Expense 6.9 25.7 8.9 (3.7) 4.8 (2.2) 0.5 0.4 0.5 25.5 1.6 2.2 (36.5) 0.8 1.8 1.5 (0.3) 5.2 13.5 0.1 0.2 (0.2) 0.2 0 0 1.8 (0.5) (0.2)
Net Income (4.7) 64.3 34.0 30.7 12.5 5.4 (20.0) 54.3 (45.3) (39.4) 2.9 4.1 40.2 (5.6) (1.6) (5.9) (28.3) (47.7) 117.0 (10.4) (13.1) (20.7) (17.0) (16.5) (21.7) (22.2) (4.4) (1.7)
Per Share Data
EPS (Basic) -0.19 4.19 1.05 0.92 0.40 0.19 -0.64 1.78 -1.55 -1.37 0.10 0.15 1.42 -0.20 -0.06 -0.21 -1.01 -1.61 4.23 -0.42 -0.54 -0.91 -0.83 -0.83 -1.16 -1.25 -0.56 -0.43
EPS (Diluted) -0.20 4.11 1.04 0.92 0.39 0.19 -0.64 1.73 -1.55 -1.37 0.10 0.14 1.37 -0.20 -0.06 -0.21 -1.01 -1.61 3.71 -0.42 -0.54 -0.91 -0.83 -0.83 -1.16 -1.25 -0.56 -0.43
Shares Outstanding 32.9 32.3 32.2 33.3 31.5 28.1 31.5 30.5 29.2 28.8 28.1 28.2 28.2 27.2 28.6 28.1 28.0 29.6 27.7 24.6 24.0 22.7 20.3 19.9 18.7 17.7 7.9 3.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 129.8 77.7 56.1 48.8 51.5 59.5 86.5 111.0 24.6 56.9 25.0 19.8 64.8 25.5 21.7 8.7 10.4 23.5 46.5 2.6
Short-Term Investments 48.1 76.2 104.3 100.9 86.4 0 3.0 13.9 21.9 32.9 39.9 43.9 21.0 0 0 0 2.5 2.4 4.8 0.4
Net Receivables 418.8 365.1 10.0 8.9 14.4 13.8 3.4 1.1 0.8 1.4 1.2 3.0 6.1 5.4 4.9 3.6 3.8 3.7 1.1 1.1
Inventory 373.1 367.9 0 0 13.2 0 0 0 0 0 0 2.0 3.4 1.8 2.1 2.1 2.0 1.7 0.7 0.5
Other Current Assets 0 46.8 0.2 0.1 (13.1) 0.2 13.1 0 0.7 2.9 2.8 0.2 0.3 0 0 0 0 1.3 1 0.1
Total Current Assets 1,013.4 926.0 172.4 160.3 153.3 74.3 107.0 135.8 48.1 94.0 68.9 73.4 99.4 34.1 29.9 15.6 19.8 32.5 54.1 4.7
Non-Current Assets
Property, Plant & Equipment 76.7 251.3 0.2 0.3 0.4 0.2 1.2 2.3 3.1 4.0 4.6 3.5 3.8 1.2 1.5 2.0 2.9 3.6 0.6 0.3
Goodwill 69.2 10.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 88.7 92.5 0 0 0.3 0 0 0 0.3 0.4 0.3 10.9 9.9 7.0 6.6 6.6 12.1 14.9 0 0
Long-Term Investments 0 44.1 33.4 17.0 7.3 4.6 6.9 0 (0.3) 0 6.7 0 0 0 0 1 2.2 0 0 0
Other Non-Current Assets 183.4 45.6 6.3 5.2 12.1 18.9 16.2 7.5 0.3 5.0 0.3 (0.2) (0.2) 0 0 1 2.2 6.5 4.7 1
Total Non-Current Assets 419.3 444.6 43.3 29.8 22.2 21.8 17.9 10.2 3.9 9.7 36.5 14.4 13.8 8.2 8.1 9.7 17.2 25.0 5.3 1.3
Total Assets 1,432.7 1,370.5 215.7 190.1 175.5 96.1 124.8 146.0 52.0 103.8 105.4 87.8 113.2 42.2 37.9 25.3 37.0 57.5 59.4 6
Current Liabilities
Account Payables 319.3 303.6 0.0 0.1 0.0 0.1 0.8 3.6 6.6 6.0 0.7 1.4 2.8 4.0 1.8 1.2 0.7 1.7 1.4 0.4
Short-Term Debt 0 74.5 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.1 4.5 0.1 0.1 0
Deferred Revenue 55.9 52.6 4.2 4.8 4.8 5.2 4.7 4.6 4.4 5.9 6.7 6.6 5.0 3.4 3.1 3.5 0 0 0 0
Other Current Liabilities 11.5 107.9 10.1 7.1 8.6 1.9 2.3 3.0 5.6 4.4 3.0 3.1 0.6 2.0 2.1 1.3 0.6 3.1 1.3 0.3
Total Current Liabilities 554.0 538.6 19.3 17.9 16.6 8.8 11.8 15.3 19.1 21.0 15.2 12.4 14.4 11.0 7.8 6.7 8.0 5.0 2.8 0.7
Non-Current Liabilities
Long-Term Debt 138.4 141.2 0 0 0 0 0 0 0 0 0 0 0 16.9 0.0 0.0 0.1 3.9 3.5 0
Deferred Tax Liabilities 12.7 0 0 0 0 0 0 0 0 0 0 0.2 0.2 (5.2) (4.2) (4.6) 0 0 0 0
Other Non-Current Liabilities 26.8 8.2 4.9 1.9 0.9 2.0 3.3 0.8 0.9 1.0 1.1 0.6 1.0 15.2 27.1 0 0.1 0.3 (3.5) 0
Total Non-Current Liabilities 316.7 265.6 13.3 14.5 17.6 23.4 29.3 31.0 23.2 27.4 3.6 19.7 17.3 37.2 31.3 4.6 0.2 4.2 0 0
Total Liabilities 870.7 804.2 32.6 32.4 34.2 32.1 41.1 46.3 42.3 48.4 18.8 32.1 31.8 48.2 39.1 11.4 8.2 9.2 2.8 0.7
Stockholders' Equity
Common Stock 0.1 0.0 322.2 322.7 323.3 258.8 253.3 246.4 228.0 221.1 212.1 172.7 165.9 104.0 89.9 89.1 89.3 89.3 65.6 1
Retained Earnings 30.0 41.7 (36.0) (70.0) (100.7) (113.2) (118.6) (98.5) (171.6) (119.3) (79.9) (98.6) (67.9) (113.7) (93.0) (76.0) (59.5) (37.7) (8.6) (4.2)
Accumulated Other Comprehensive Income 0.1 1.9 1.7 0.2 0.4 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.8 3.7 1.9 0.9 (1.0) (3.2) (0.4) 0.1
Total Stockholders' Equity 295.4 319.2 183.1 157.7 141.3 64.0 83.8 99.7 9.7 55.3 86.6 55.7 81.4 (6.0) (1.2) 13.9 28.8 48.3 56.6 5.3
Total Liabilities & Equity 1,432.7 1,370.5 215.7 190.1 175.5 96.1 124.8 146.0 52.0 103.8 105.4 87.8 113.2 42.2 37.9 25.3 37.0 57.5 59.4 6
Debt Metrics
Total Debt 310.8 322.1 0.0 0.5 1.1 1.4 1.1 0 0 0 0 0 0 16.9 0.0 0.1 4.7 4.0 0 0
Net Debt 180.9 244.5 (56.0) (48.3) (50.4) (58.1) (85.3) (111.0) (24.6) (56.9) (25.0) (19.8) (64.8) (8.6) (21.7) (8.6) (5.7) (19.5) (46.5) (2.6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 9.0 93.6 34.0 30.7 12.5 5.4 (20.0) 54.3 (45.3) (40.0) 2.9 (13.1) (20.7) (17.0) (16.5) (21.7) (22.2) (4.4) (1.7)
Depreciation & Amortization 42.3 35.4 0.1 0.8 0.8 1.9 2.2 0.9 1.0 0.9 1.0 2.0 2.5 3.5 4.7 7.0 6.0 1.6 0.4
Stock-Based Compensation 13.3 15.3 3.4 3.6 2.3 4.8 5.5 8.7 6.1 6.1 5.5 0 0.1 1.3 1.3 0 0 0 0
Change in Working Capital 3.7 (207.2) (4.2) 7.0 (2.4) (9.6) (23.2) 6.0 (5.6) 55.0 0.7 12.8 2.1 (1.2) 7.6 (2.9) (3.9) 1.4 (0.7)
Other Non-Cash Items (46.2) (1.7) (16.2) 3.2 3.7 (0.0) 1.0 (0.1) 0.0 (24.3) (9.9) 0.5 0.6 2.1 5.1 4.7 2.8 2.1 0.2
Operating Cash Flow 25.3 (57.6) 20.6 40.1 17.4 0.0 (34.1) 69.9 (43.8) 22.0 10.0 2.2 (15.6) (12.6) 0.9 (12.9) (17.2) 0.7 (1.8)
Investing Activities
Capital Expenditure (14.9) (11.2) 0 (0.0) (0.3) (0.0) (0.1) (0.1) (0.1) (0.3) (4.4) (1.0) (0.6) (0.4) (0.4) (0.6) (2.8) (0.5) (0.1)
Acquisitions (1.7) (31.4) 0 0.0 (5.4) 0 (11.1) 0 0 0 0 0 0 (2.5) 0 0 (2.1) 0 0
Purchases of Investments (41.1) (110.5) (177.3) (165.4) (123.4) 0 (8.9) (17.7) (23.8) (32.8) (44.9) 0 0 (0.0) (0.0) (3.6) (21.9) (4.8) (2.9)
Sales/Maturities of Investments 93.4 155.7 171.8 136.0 36.1 3 20 26.0 35 40 48 0 0 2.5 2.5 3.4 24.3 0.4 3.8
Other Investing Activities 9.4 0.8 8.9 0 5.4 0 11.1 8.3 11.2 1 3.1 (1.0) (1.9) (1.6) 0 0 (6.5) (0.5) (0.6)
Investing Cash Flow 45.1 3.4 3.4 (29.4) (87.7) 3.0 10.9 8.2 11.1 7.8 (1.3) (2.0) (2.5) (2.0) 2.1 (0.8) (9.0) (5.4) 0.2
Financing Activities
Net Debt Issuance (19.1) 1.9 0 0 0 0 0 0 0 0 0 (0.0) 20.0 25.9 (5.0) (0.1) (0.1) 3.7 0.1
Stock Repurchased (2.4) (2.4) (8.3) (13.2) 0 (30.6) (2.7) 0.2 (0.3) (0.7) 0 0 0 0 0 0 0 0 (1.8)
Dividends Paid (7.0) (12.9) (7.4) 0 0 0 0 0 0 0 0 0 (0.3) 0 0 0 0 0 0
Other Financing Activities 11.2 74.3 (1.1) (0.2) 3.0 0.7 1.4 8.2 0.8 2.7 1.6 (0.1) 0 0 0.1 0 0 (0.8) (0.1)
Financing Cash Flow (17.5) 61.0 (16.7) (13.4) 62.2 (29.9) (1.3) 8.2 0.5 2.0 1.9 2.2 21.4 26.8 (4.7) 0.7 0.7 48.6 3.7
Cash Position
Net Change in Cash 52.9 6.8 7.3 (2.7) (8.0) (27.0) (24.5) 86.4 (32.2) 31.9 10.6 2.6 3.8 13.0 (1.7) (13.1) (25.6) 43.9 2.1
Cash at Beginning 82.9 85.5 48.8 51.5 59.5 86.5 111.0 24.6 56.9 25.0 14.4 25.5 21.7 8.7 10.4 23.5 49.0 2.6 0.5
Cash at End 138.1 92.3 56.1 48.8 51.5 59.5 86.5 111.0 24.6 56.9 25.0 28.2 25.5 21.7 8.7 10.4 23.5 46.5 2.6
Free Cash Flow 10.4 (68.8) 20.6 40.1 17.1 (0.0) (34.2) 69.8 (44.0) 21.7 5.6 1.2 (16.2) (13.0) 0.4 (13.5) (20.1) 0.2 (1.9)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 1,742.1 1,555.9 33.9 38.5 35.1 30.5 36.0 111.0 35.0 57.1 63.4 52.9 47.5 32.2 30.6 31.1 27.7 36.5 34.7 27.9 24.3 23.8 20.2 20.2 19.2 15.3 8 5
Gross Profit 1,440.6 1,480.5 33.9 38.5 35.0 30.3 35.8 110.8 34.8 56.9 62.9 52.5 47.0 31.0 29.4 28.2 19.4 24.1 25.9 20.7 17.8 17.5 14.9 14.4 13.2 11.7 6.2 3.6
Operating Income 43.5 117.9 17.9 24.4 17.8 2.2 (21.5) 53.1 (45.4) (15.3) 4.7 6.0 3.6 (5.1) (0.1) (4.8) (30.5) (46.3) 125.7 (9.0) (11.9) (20.4) (14.8) (15.0) (17.4) (20.4) (4.9) (1.9)
Net Income (4.7) 64.3 34.0 30.7 12.5 5.4 (20.0) 54.3 (45.3) (39.4) 2.9 4.1 40.2 (5.6) (1.6) (5.9) (28.3) (47.7) 117.0 (10.4) (13.1) (20.7) (17.0) (16.5) (21.7) (22.2) (4.4) (1.7)
EPS (Diluted) -0.20 4.11 1.04 0.92 0.39 0.19 -0.64 1.73 -1.55 -1.37 0.10 0.14 1.37 -0.20 -0.06 -0.21 -1.01 -1.61 3.71 -0.42 -0.54 -0.91 -0.83 -0.83 -1.16 -1.25 -0.56 -0.43
Balance Sheet
Cash & Equivalents 129.8 77.7 56.1 48.8 51.5 59.5 86.5 111.0 24.6 56.9 25.0 19.8 64.8 25.5 21.7 8.7 10.4 23.5 46.5 2.6
Total Assets 1,432.7 1,370.5 215.7 190.1 175.5 96.1 124.8 146.0 52.0 103.8 105.4 87.8 113.2 42.2 37.9 25.3 37.0 57.5 59.4 6
Total Debt 310.8 322.1 0.0 0.5 1.1 1.4 1.1 0 0 0 0 0 0 16.9 0.0 0.1 4.7 4.0 0 0
Stockholders' Equity 295.4 319.2 183.1 157.7 141.3 64.0 83.8 99.7 9.7 55.3 86.6 55.7 81.4 (6.0) (1.2) 13.9 28.8 48.3 56.6 5.3
Cash Flow
Operating Cash Flow 25.3 (57.6) 20.6 40.1 17.4 0.0 (34.1) 69.9 (43.8) 22.0 10.0 2.2 (15.6) (12.6) 0.9 (12.9) (17.2) 0.7 (1.8)
Capital Expenditure (14.9) (11.2) 0 (0.0) (0.3) (0.0) (0.1) (0.1) (0.1) (0.3) (4.4) (1.0) (0.6) (0.4) (0.4) (0.6) (2.8) (0.5) (0.1)
Free Cash Flow 10.4 (68.8) 20.6 40.1 17.1 (0.0) (34.2) 69.8 (44.0) 21.7 5.6 1.2 (16.2) (13.0) 0.4 (13.5) (20.1) 0.2 (1.9)