Immersion: Core Licensing Business Not Likely To Attract New Investors, Hold
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Immersion Corporation's quarterly results were impacted by the consolidation of Barnes & Noble Education, making the numbers appear strong despite a significant drop in core licensing revenues. A special cash dividend of $0.245 per share was declared.
December 18, 2024 | 3:45 am
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Immersion Corporation's quarterly results were influenced by the consolidation of Barnes & Noble Education, which masked a 70% decline in core licensing revenues. The company declared a special cash dividend of $0.245 per share.
The consolidation of Barnes & Noble Education made Immersion's results appear stronger than they are, hiding a significant decline in core licensing revenues. This could deter new investors. However, the special dividend may provide some short-term support to the stock price.
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IMPORTANCE 80
RELEVANCE 100