Wednesday, November 7, 2012

Immersion: Progress In China, Still A Waiting Game

Read the whole article at Seeking Alpha: 

>>Last week Immersion Corporation (IMMR) reported Q3 2012 results and updated investors about its latest achievements.

Financial highlights
  • Total revenues in Q3 2012 were $7.1 million, an increase of 10% Y/Y;
  • Royalty and license revenues of $6.4 million were up 8% from Y/Y;
  • Net loss for the third quarter of 2012 was $(3.0) million, or $(0.11) per share;
  • Adjusted EBITDA in Q3 was $(1.6) million, as compared to $454,000 in Q3 2011;
  • Gross profit was $6.9 million or 96% of revenues;

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