Immersion Corp. Files 10-Q for Oct 31, 2024 Period
Ticker: IMMR · Form: 10-Q · Filed: Dec 16, 2024 · CIK: 1058811
| Field | Detail |
|---|---|
| Company | Immersion CORP (IMMR) |
| Form Type | 10-Q |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
Related Tickers: IMMR
TL;DR
IMMR 10-Q filed. Financials for Oct 31, 2024 period out.
AI Summary
Immersion Corp. filed a 10-Q for the period ending October 31, 2024. The company, incorporated in Delaware, operates in the computer peripheral equipment sector. Key dates mentioned include 2024-10-31 as the reporting period end and 2024-12-16 as the filing date. The filing references various financial and business terms, including royalty and license agreements.
Why It Matters
This filing provides investors with an update on Immersion Corp.'s financial performance and business operations for the specified quarterly period.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- 33180 — ZIP Code (Business and Mail Address)
- 408-467-1900 — Phone Number (Business Phone)
Key Players & Entities
- IMMERSION CORP (company) — Filer
- 20241031 (date) — Conformed Period of Report
- 20241216 (date) — Filed as of Date
- 0001058811 (company) — Central Index Key
- BarnesAndNobleEducationInc (company) — Mentioned in relation to a date
FAQ
What is the primary business of Immersion Corp?
Immersion Corp. is in the COMPUTER PERIPHERAL EQUIPMENT, NEC industry, SIC code 3577.
When is Immersion Corp.'s fiscal year end?
Immersion Corp.'s fiscal year ends on December 31.
What is the SEC file number for Immersion Corp?
The SEC file number for Immersion Corp. is 001-38334.
What is the filing date of this 10-Q?
This 10-Q filing was made on December 16, 2024.
What is the reporting period for this 10-Q?
The conformed period of report for this 10-Q is October 31, 2024.
Filing Stats: 4,445 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-12-16 09:28:38
Filing Documents
- immr-20241031.htm (10-Q) — 3282KB
- ex311_1.htm (EX-31.1) — 10KB
- ex312_2.htm (EX-31.2) — 9KB
- ex321_3.htm (EX-32.1) — 10KB
- ex322_4.htm (EX-32.2) — 10KB
- 0001213900-24-109054.txt ( ) — 16369KB
- immr-20241031_def.xml (EX-101.DEF) — 879KB
- immr-20241031_pre.xml (EX-101.PRE) — 1054KB
- immr-20241031_cal.xml (EX-101.CAL) — 166KB
- immr-20241031_lab.xml (EX-101.LAB) — 1689KB
- immr-20241031.xsd (EX-101.SCH) — 100KB
- immr-20241031_htm.xml (XML) — 2789KB
Financial Statements
Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of October 31, 2024 and April 30, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the One Month Ended July 31, 2024, and the Three and Six Months Ended October 31, 2024 and June 30, 2023 3 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the One Month Ended July 31, 2024, and the Three and Six Months Ended October 31, 2024 and June 30, 2023 4 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended October 31, 2024 and June 30, 2023 5 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended October 31, 2024 and June 30, 2023 9 Unaudited Notes to Condensed Consolidated Financial Statements 11 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 56 Item 4. Control and Procedures 56 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 57 Item 1A.
Risk Factors
Risk Factors 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60 Item 6 Exhibits 61
Signatures
Signatures 62 Table of Contents PART I FINANCIAL INFORMATION
. Financial Statements
Item 1 . Financial Statements IMMERSION CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) (Unaudited) October 31, 2024 April 30, 2024 ASSETS Current assets: Immersion Cash and cash equivalents $ 68,920 $ 85,521 Investments – current 78,809 92,848 Accounts receivable, net 4,315 3,138 Prepaid expenses and other current assets 14,846 9,101 166,890 190,608 Barnes & Noble Education Cash and cash equivalents 11,619 — Accounts receivables, net 275,847 — Merchandise inventories, net 315,469 — Textbook rental inventories, net 49,672 — Prepaid expenses and other current assets 33,329 — 685,936 — Total current assets 852,826 190,608 Immersion Property and equipment, net 142 164 Investments – noncurrent 37,347 46,545 Long-term deposits 6,293 6,324 Deferred tax assets 3,342 2,793 Other assets – noncurrent 24,398 87 71,522 55,913 Barnes & Noble Education Property and equipment, net 107,413 — Intangible assets, net 93,504 — Goodwill 14,220 — Operating lease right-of-use assets 169,250 — O ther assets - noncurrent 11,383 — 395,770 — Total assets $ 1,320,118 $ 246,521 1 Table of Contents IMMERSION CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) October 31, 2024 April 30, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Immersion Accounts payable $ 51 $ 55 Accrued compensation 2,860 4,003 Deferred revenue – current 2,956 12,494 Other current liabilities 25,478 13,654 31,345 30,206 Barnes & Noble Education Accounts payable 298,952 — Accrued liabilities 60,508 — Deferred revenue – current 37,662 — Operating lease liabilities – current 88,730 — 485,852 — Total current liabilities 517,197 30,206 Immersion Def