Immersion is a developer and licensor of touch feedback technology, also known as haptic technology. The Company provides haptic technology to create immersive and realistic experiences that enhance digital interactions on mobile devices. Immersion's technologies have been adopted in digital devices that, along with mobile, include automotive, gaming, medical and consumer electronics. The Company’s offices worldwide provide services/support, licensing options and software to help electronics companies create high-quality haptic experiences.
Type
Public
HQ
San Jose, US
Founded
1993
Size (employees)
81 (est)
Immersion was founded in 1993 and is headquartered in San Jose, US
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Key People/Management at Immersion

Nancy Erba

Nancy Erba

Chief Financial Officer
Carl Schlachte

Carl Schlachte

Interim CEO and Chairman of the Board
Hossam Bahlool

Hossam Bahlool

Vice President of Marketing
Amie Peters

Amie Peters

General Counsel and Senior Vice President IP Licensing and Legal Affairs
Janice Passarello

Janice Passarello

Vice President of Human Resources
Chris Ullrich

Chris Ullrich

Vice President of Technology

Immersion Office Locations

Immersion has offices in Dublin, Zhonghe District, Birkirkara, Seoul and in 5 other locations
San Jose, US (HQ)
50 Rio Robles
Montréal, CA
1105 4200 Boul St-Laurent
Shanghai, CN
21F, Room 2105 No. 2277 Longyang Road,
Hong Kong, HK
812 Silvercord, Tower 1 30 Canton Rd.
Dublin, IE
Ulysses House, 3rd Floor Foley Street
Tokyo, JP
Otemachi Financial City Grand Cube 18F 1-9-2 Otemachi
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Immersion Financials and Metrics

Immersion Financials

Immersion's revenue was reported to be $35.01 m in FY, 2017
USD

Revenue (Q1, 2018)

85.4 m

Gross profit (Q1, 2018)

85.4 m

Gross profit margin (Q1, 2018), %

100%

Net income (Q1, 2018)

69.9 m

EBIT (Q1, 2018)

70.1 m

Market capitalization (15-May-2018)

406.8 m

Closing share price (15-May-2018)

13.4

Cash (31-Mar-2018)

119.1 m
Immersion's current market capitalization is $406.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

47.5 m52.9 m63.4 m57.1 m35 m

Revenue growth, %

12%20%(10%)

Cost of goods sold

462 k460 k440 k191 k197 k

Gross profit

47 m52.5 m63 m56.9 m34.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

11.3 m15.4 m11.8 m12.1 m16.3 m16.2 m14.3 m13.6 m7.9 m26.3 m9.2 m7 m85.4 m

Cost of goods sold

111 k120 k101 k104 k115 k115 k117 k23 k59 k51 k43 k54 k35 k

Gross profit

11.2 m15.3 m11.7 m11.9 m16.2 m16.1 m14.2 m13.6 m7.8 m26.3 m9.2 m7 m85.4 m

Gross profit Margin, %

99%99%99%99%99%99%99%100%99%100%100%99%100%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

14.1 m14.4 m25 m56.9 m24.6 m

Accounts Receivable

598 k3 m1.2 m1.4 m806 k

Current Assets

80.2 m70.6 m68.9 m94 m48.1 m

PP&E

944 k1.2 m4.6 m4 m3.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

16.7 m24.4 m17.2 m10.1 m40.4 m52.6 m33.2 m20.9 m20.3 m62 m43.1 m33.2 m119.1 m

Current Assets

66 m90.4 m84.4 m75 m90.2 m87.7 m74.6 m68.3 m60.9 m101.1 m78.6 m66.3 m147.3 m

PP&E

984 k1.2 m1.4 m1.3 m2.6 m4.9 m4.8 m4.4 m4.2 m4.1 m3.9 m3.6 m2.9 m

Total Assets

84.1 m120 m114.2 m104.1 m118.6 m113.8 m108.6 m105.4 m101.2 m137.6 m83.2 m70.8 m155.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

40.2 m4.1 m2.9 m(39.4 m)(45.3 m)

Depreciation and Amortization

6 k

Accounts Payable

5.3 m696 k

Cash From Operating Activities

21.2 m291 k10 m22 m(43.8 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

1.2 m1.9 m169 k1.1 m(59 k)1.6 m184 k(2.7 m)(6.2 m)7 m(12.9 m)69.9 m

Depreciation and Amortization

20 k15 k12 k3 k3 k3 k2 k1 k

Accounts Payable

1.4 m1 m1.7 m1.2 m1.5 m3 m2.6 m2.4 m7 m(2.4 m)

Cash From Operating Activities

86.2 m
USDY, 2018

Financial Leverage

1.5 x
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Immersion Operating Metrics

FY, 2014FY, 2015FY, 2016Q1, 2017

Devices

3 b

Licenses

150

Patents Issued

1.11 k

Patents and Patent Applications

1.90 k2.10 k2.40 k
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Immersion News and Updates

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The Insight Partners added “World Haptic Touchscreen Market Report 2018-2025” to its research database. The report is spread across 187 pages and supported by 10 company leaders. Posted via Industry Today. Follow us on Twitter @IndustryToday
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