Immersion: Q1 Earnings Insights

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Immersion IMMR reported its Q1 earnings results on Wednesday, May 10, 2023 at 09:00 AM.

Here's what investors need to know about the announcement.

Earnings

Immersion beat estimated earnings by 135.71%, reporting an EPS of $0.33 versus an estimate of $0.14.

Revenue was down $234 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.31 which was followed by a 6.36% increase in the share price the next day.

Here's a look at Immersion's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.14 0.16 0.18 0.15
EPS Actual 0.45 0.28 -0.03 0.20
Revenue Estimate 8.00M 8.50M 7.31M 8.55M
Revenue Actual 9.16M 14.01M 7.98M 7.31M

To track all earnings releases for Immersion visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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