IMMERSION CORP

Immersion Corporation announced it has regained compliance with Nasdaq Listing Rule 5250(c)(1). The company received a letter from the Nasdaq Listing Qualifications Staff confirming its compliance, and the matter is now officially closed.

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.

Immersion Corporation received notification from the Nasdaq Hearings Panel granting its request to continue listing on the Nasdaq Stock Market. The company must demonstrate compliance with Listing Rule 5250(c)(1) on or before May 22, 2026. This decision follows a delinquency notice issued due to the company's failure to file its Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2026. Immersion Corporation is actively working to complete and file the Form 10-Q to regain compliance with SEC requirements and Nasdaq listing standards.

Immersion Corporation filed its Form 10-Q for the fiscal quarter ended October 31, 2025. The company is classified as a non-accelerated filer and a smaller reporting company, indicating its size and reporting requirements. As of April 10, 2026, the company reported 33,100,452 shares of common stock outstanding. The filing also includes standard disclosures regarding forward-looking statements and risk factors.