Immersion Corp. Discloses Financial Statement Issues
Ticker: IMMR · Form: 8-K · Filed: Sep 9, 2025 · CIK: 1058811
Sentiment: neutral
Topics: financial-reporting, restatement
TL;DR
Immersion Corp. says 'oops' on old financials, expect restatements.
AI Summary
Immersion Corporation announced on September 8, 2025, that it will not rely on previously issued financial statements. This decision impacts financial reporting and may require restatements. The company is incorporated in Delaware and its principal executive offices are located in Aventura, Florida.
Why It Matters
This filing indicates potential inaccuracies in past financial reporting, which could lead to restatements and affect investor confidence.
Risk Assessment
Risk Level: medium — Non-reliance on previously issued financial statements suggests potential accounting errors or control deficiencies that could impact the company's financial health and investor trust.
Key Players & Entities
- Immersion Corporation (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Aventura, FL (location) — Principal executive offices
- September 8, 2025 (date) — Date of earliest event reported
FAQ
What specific financial statements are affected by this non-reliance announcement?
The filing does not specify which particular financial statements are affected, only that previously issued ones will not be relied upon.
What is the reason for Immersion Corporation's decision not to rely on its previously issued financial statements?
The filing states that the company will not rely on previously issued financial statements or a related audit report or completed interim review, but does not provide a specific reason.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed as of date September 9, 2025.
What is Immersion Corporation's standard industrial classification?
Immersion Corporation's standard industrial classification is COMPUTER PERIPHERAL EQUIPMENT, NEC [3577].
Has Immersion Corporation had a previous company name?
Yes, Immersion Corporation was formerly known as IMMERSION HUMAN INTERFACE CORP, with a date of name change on June 2, 1998.
Filing Stats: 1,436 words · 6 min read · ~5 pages · Grade level 13.4 · Accepted 2025-09-09 08:52:05
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share IMMR The Nasdaq
- $13.1 million — e matters will result in an increase of $13.1 million in cost of sales for the fiscal second
- $1.9 million — 024; and a decrease in cost of sales of $1.9 million and an increase of $11.2 million for th
- $11.2 million — ales of $1.9 million and an increase of $11.2 million for the fiscal third quarter and nine m
- $4.3 million — e matters will result in an increase of $4.3 million in accrued liabilities and a decrease o
- $0.8 million — n accrued liabilities and a decrease of $0.8 million in accounts receivable with a correspon
- $3.5 million — mittee and its advisors also identified $3.5 million of sales in the fiscal third quarter an
Filing Documents
- immr-20250908.htm (8-K) — 58KB
- 0001058811-25-000008.txt ( ) — 196KB
- immr-20250908.xsd (EX-101.SCH) — 49KB
- immr-20250908_htm.xml (XML) — 6KB
02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. On September 8, 2025, the Board of Directors (the "Board") of Immersion Corporation (the "Company") concluded that the Company's previously-issued unaudited interim condensed consolidated financial statements for the fiscal third quarter and nine months ended January 31, 2025, the fiscal second quarter and six months ended October 31, 2024, and the second quarter and six months ended June 30, 2024, contained in its Quarterly Reports on Form 10-Q (the "Non-Reliance Periods"), as well as its disclosures related to such financial statements, including any reports, earnings releases, and investor presentations, and related communications issued by or on behalf of the Company with respect to the Non-Reliance Periods (the "Previously Issued Financial Information"), should no longer be relied upon. The determination by the Board was made upon the recommendation of the Audit Committee (the "Audit Committee") of the Board and after consultation with the Company's management team. As previously reported by the Company in its Current Report on Form 8-K filed on July 30, 2025 (the "Prior 8-K"), in July 2025, certain information regarding the recording of cost of digital sales was brought to the attention of the management of Barnes & Noble Education, Inc. ("Barnes & Noble Education" or "BNED"), which is a consolidated subsidiary of the Company. BNED's management promptly informed the Audit Committee of the BNED Board of Directors (the "BNED Audit Committee"), which caused the BNED Audit Committee to commence an internal investigation with the assistance of outside counsel and advisors. The BNED Audit Committee has made substantial progress in its investigation and in its review of the potential impact of these matters on BNED's Previously Issued Financial Information for the Non-Reliance Periods. The Company expects the adjustments to Previously Issued F
Forward-Looking Statements
Forward-Looking Statements
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMMERSION CORPORATION Date: September 9, 2025 By: /s/ J. Michael Dodson Name: J. Michael Dodson Title: Chief Financial Officer