Immersion (IMMR) Tops Q4 EPS by 10c

Immersion (NASDAQ: IMMR) reported Q4 EPS of $0.29, $0.10 better than the analyst estimate of $0.19. Revenue for the quarter came in at $10.9 million versus the consensus estimate of $9.75 million.

“We had a very strong fourth quarter, growing our top-line by over 40% compared to the third quarter and maintained control over our operating expenses,” said Jared Smith, Interim Chief Executive Officer at Immersion. “The net result was a solid, profitable quarter. We did this while continuing to innovate our next-generation haptic technology and achieving several exciting customer wins. All of this positions us well as we enter 2021 with momentum to deliver double-digit top-line and profitability growth year-over-year.”

For earnings history and earnings-related data on Immersion (IMMR) click here.

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