>>Immersion Corporation (IMMR) reported Q1 2011 results last night.
Total revenues for Q1 2011 were $9.8 million, with net income of $1.4 million. Both numbers exceeded analysts consensus, and were also much stronger than we expected. The company was capable of delivering a small revenue increase compared with Q1 2010, as a 30% increase in royalties more than compensated the lack of about $2.1 million in product sales of the medical lines sold to CAE Healthcare (CAE) during 2010.
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