Immersion (IMMR) Misses Q1 EPS by 4c
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Immersion Corporation Reports First Quarter 2017 Results
May 4, 2017 4:15 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the first quarter ended March 31, 2017.
Results for the quarter ended March 31, 2017
Total revenues for the first quarter of 2017 were $9.2 million, a decrease of 32% compared to $13.6 million for the first quarter of 2016. Royalty and license revenues of $9.0 million for the first quarter of 2017 were down 33% from the same period last year, primarily the result of a $3.0 million non-recurring medical contractual payment recognized in the first quarter of 2016.... More
