Immersion Corporation reported total revenues of $294.4 million for the first quarter of fiscal 2027, a slight increase from $292.0 million in the prior-year period. The results remain heavily influenced by the consolidation of Barnes & Noble Education, while GAAP net income attributable to stockholders swung to a profit of $4.9 million compared to a loss last year.
Key Highlights
- Barnes & Noble Education consolidation contributed $276.9 million in product and other revenue, representing over 94% of total reported revenue.
- Core royalty and license revenue declined slightly to $3.8 million from $3.9 million in the same quarter last year.
- Non-GAAP net income was $16.6 million, or $0.50 per diluted share, remaining relatively flat compared to $16.9 million YoY.
- The Board declared a quarterly dividend of $0.075 per share payable on October 30, 2026, marking the sixteenth consecutive quarterly distribution.