Immersion reports Q4 EPS 52c vs. 63c last year

Reports Q4 revenue $10.4M vs. $9.2M last year. Eric Singer, CEO, stated, “2023 was a year of steady execution and accomplishment for Immersion as we maintained our efforts to enforce our intellectual property, renew license deals, and thoughtfully allocate capital. We returned $15.7 million to shareholders via buybacks and dividends during the year while also increasing our stockholder’s equity to $183.1 million, or $5.81 per share, as of December 31, 2023. This is an increase of over $27.4 million from $157.7 million, or $4.89 per share, at the end of 2022. As we enter 2024, we continue to focus on our stated objectives and are confident that our strong balance sheet positions us well.”