Quarterly ResultMay 4, 2026, 06:08 AM
Immersion Reports Q3 Net Loss $(10.27)M; Revenue $518.49M
AI Summary
Immersion Corporation reported a net loss attributable to stockholders of $(10.27) million, or $(0.31) per basic share, for the fiscal quarter ended January 31, 2026. This compares to a net income of $24.06 million, or $0.74 per basic share, in the restated prior-year period. Consolidated total revenues increased to $518.49 million, primarily driven by the inclusion of Barnes & Noble Education's results following its acquisition on June 10, 2024, while Immersion's core royalty and license revenue saw a significant decline.
Key Highlights
- Net loss attributable to Immersion stockholders for Q3 was $(10.27)M, compared to net income of $24.06M (restated) in prior year.
- Basic EPS for Q3 was $(0.31), down from $0.74 (restated) in the same period last year.
- Total revenues for Q3 increased to $518.49M, up from $471.26M (restated) YoY.
- Immersion's royalty and license revenue for Q3 decreased to $3.40M, from $8.44M (restated) YoY.
- Barnes & Noble Education's product and other revenue for Q3 rose to $471.83M, from $419.66M (restated) YoY.
- Total Assets increased to $1.43B as of January 31, 2026, from $1.10B as of April 30, 2025.
- Barnes & Noble Education's long-term borrowings increased to $138.40M as of January 31, 2026, from $103.10M.