Immersion reports Q1 EPS 63c vs 29c last year

Reports Q1 revenue $43.8M vs $7.074M last year. “I am pleased with the strong start to 2024,” said Eric Singer, Chairman and CEO. “While it is unlikely that the first quarter’s outsized revenue performance will be repeated in the future, Immersion is operating from a position of strength as we work to protect and monetize our intellectual property. Our strong balance sheet also provides us with considerable optionality as we seek to drive long-term shareholder value.”