Friday, November 5, 2010

Immersion Corporation Issues Q4 2010 Revenue Guidance Below Analysts' Estimates; Raises FY 2010 Revenue Guidance; Reaffirms FY 2010 EBITDA Guidance

from Reuters:

>>Immersion Corporation announced that it expect revenues to be in the range of $5.8 million to $6.3 million for the fourth quarter of 2010 and to exceed the high end of the $25 million to $30 million fiscal 2010 revenue outlook the Company provided earlier this year. In addition, the Company is on track to achieve positive adjusted EBITDA for fiscal 2010, which excludes non-cash charges for depreciation, amortization and stock based compensation. According to Reuters Estimates, analysts are expecting the Company to report revenue of $7.0 million for the fourth quarter of 2010; revenue of $32 million and EBITDA of $0.30 million for fiscal 2010.

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