Immersion Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Eric Brandon Singer
- Full Time Employees
- 7,249
- Sector
- Electronic technology
- Industry
- Computer peripherals
- Address
- 2999 NE 191st Street Aventura FL United States 33180
- IPO Date
- Nov 12, 1999
- CIK
- 0001058811
- Website
- immersion.com
- Similar Companies
- Business
- Immersion Corporation (NASDAQ:IMMR) develops, licenses, and supports haptic technologies that enable touch feedback in digital devices; its core offerings include patented software and intellectual property for tactile interactions, enabling software tools, technical assistance for integration, and development kits for device manufacturers, haptic hardware providers, designers, and developers serving mobile communications, automotive systems, gaming consoles, wearables, consumer electronics, medical equipment, and commercial applications. Founded in 1993 and headquartered in Aventura, Florida, with prior bases in San Jose, California, the company operates globally across North America, Europe, and Asia, licensing its solutions to enhance user experiences in over three billion devices worldwide; it maintains a substantial portfolio exceeding 1,650 patents focused on haptics. In June 2024, Immersion acquired a controlling interest of approximately 42% in Barnes & Noble Education (BNED), which it later adjusted to around 32-41%, consolidating BNED's operations including educational content, digital and physical textbooks, bookstore management services, marketing, and wholesaling into its segments, significantly boosting revenues to over $600 million in subsequent quarters; recent developments encompass ongoing BNED-related audit investigations and financial restatements prompting Nasdaq delinquency notices in 2025, a temporary shareholder rights plan through October 2026 to deter control changes, paused share repurchases, quarterly dividends such as $0.045 per share, and special dividends including $0.245 per share in early 2025.
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