Immersion (IMMR) Misses Q4 EPS by 1c
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Immersion Corporation Reports Fourth Quarter and Full Year 2018 Results
February 26, 2019 4:15 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the fourth quarter and year ended December 31, 2018.
Effective January 1, 2018, the company adopted a new revenue recognition standard ("ASC 606"), which impacted the companys recognition of revenue from certain of its fixed-fee and per-unit license agreements. The company adopted ASC 606 using the modified retrospective method, which means that the total amount of revenue reported for the fourth quarter and fiscal year ended December 31, 2017 have not been restated in the... More
