Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia.
Flawless balance sheet with concerning outlook.
Share Price & News
How has Immersion's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMMR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IMMR underperformed the US Tech industry which returned 72.7% over the past year.
Return vs Market: IMMR underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Immersion's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StDoes Immersion Corporation (NASDAQ:IMMR) Have A Particularly Volatile Share Price?
3 weeks ago | Simply Wall StThe Immersion (NASDAQ:IMMR) Share Price Is Down 26% So Some Shareholders Are Getting Worried
1 month ago | Simply Wall StWe're Not Very Worried About Immersion's (NASDAQ:IMMR) Cash Burn Rate
Is Immersion undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IMMR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IMMR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IMMR is unprofitable, so we can't compare its PE Ratio to the Tech industry average.
PE vs Market: IMMR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IMMR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IMMR is overvalued based on its PB Ratio (3x) compared to the US Tech industry average (1.8x).
How is Immersion forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMMR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: IMMR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: IMMR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: IMMR's revenue (8.5% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: IMMR's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IMMR's Return on Equity is forecast to be high in 3 years time
How has Immersion performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMMR is currently unprofitable.
Growing Profit Margin: IMMR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IMMR is unprofitable, and losses have increased over the past 5 years at a rate of -8.6% per year.
Accelerating Growth: Unable to compare IMMR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IMMR is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-3.2%).
Return on Equity
High ROE: IMMR has a negative Return on Equity (-28.62%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Immersion's financial position?
Financial Position Analysis
Short Term Liabilities: IMMR's short term assets ($109.5M) exceed its short term liabilities ($13.4M).
Long Term Liabilities: IMMR's short term assets ($109.5M) exceed its long term liabilities ($29.9M).
Debt to Equity History and Analysis
Debt Level: IMMR is debt free.
Reducing Debt: IMMR has not had any debt for past 5 years.
Inventory Level: IMMR has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if IMMR's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IMMR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: IMMR has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of -1.9% each year.
What is Immersion's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate IMMR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IMMR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IMMR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IMMR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IMMR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ramzi Haidamus (55yo)
Mr. Ramzi Haidamus serves as President, Chief Executive Officer and Director at Immersion Corporation since January 21, 2019. He also served as an Executive Officer of Nokia Corporation until September 30, ...
|President||1.1yrs||no data||0.15% $380.4k|
|Chief Financial Officer||0.08yrs||no data||no data|
|Chief Accounting Officer||0.6yrs||no data||no data|
|Chief Technology Officer||2.1yrs||no data||no data|
|General Counsel and Senior VP of IP Licensing & Legal Affairs||0.7yrs||no data||no data|
|Vice President of Worldwide Sales||0.8yrs||no data||no data|
|Vice President of Products & Marketing||0.8yrs||no data||no data|
|Head of Human Resources||0.6yrs||no data||no data|
|Senior Vice President of Research & Development||0.7yrs||no data||no data|
Experienced Management: IMMR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|President||1.1yrs||no data||0.15% $380.4k|
|Independent Director||0.7yrs||no data||0.062% $156.6k|
|Director||0.5yrs||no data||0.042% $107.8k|
|Director||0.5yrs||no data||0.042% $107.8k|
|Independent Director||0.7yrs||no data||0.085% $215.1k|
|Independent Director||0.7yrs||no data||0.061% $154.4k|
Experienced Board: IMMR's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IMMR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
Immersion Corporation's company bio, employee growth, exchange listings and data sources
- Name: Immersion Corporation
- Ticker: IMMR
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$254.048m
- Shares outstanding: 31.80m
- Website: https://www.immersion.com
Number of Employees
- Immersion Corporation
- 50 Rio Robles
- San Jose
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMMR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1999|
|IMV||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1999|
|IMV||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Nov 1999|
Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium patent licenses, haptic technologies to original equipment manufacturers. It also provides TouchSense Software Development Kits, which consist of design tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects in content. In addition, the company offers TouchSense Force, which comprises design tools, Application Programming Interfaces (APIs), reference designs, and firmware. Further, the company licenses its patents to implement the licensed software to customers. Additionally, it provides engineering and integration services, design kits for prototyping, authoring tools, APIs, and platform independent solutions. The company offers its products to mobile communications, wearables, and consumer electronics; console and PC gaming; automotive; and medical markets. Immersion Corporation was founded in 1993 and is headquartered in San Jose, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 01:02|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.