IMMR - Immersion Q3 Revenue Beats Estimates Dividend Increases As Meta Lawsuit Continues | Benzinga
Immersion Corporation (NASDAQ: IMMR) reported a third-quarter FY23 revenue decline of 32.3% year-over-year to $9.48 million, beating the consensus of $7.35 million.
Royalty and license revenues were $9.5 million, compared to $13.9 million in 3Q22.
Adjusted EPS was $0.12, lower from $0.25 a year ago.
Operating income for the quarter declined by 40.4% Y/Y to $6.52 million, and the margin contracted by 930 bps to 68.8%.
IMMR repurchased 485,061 ...