Immersion ( (IMMR) ) has released a notification of late filing.
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Immersion Corporation has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending April 30, 2025. The delay is primarily due to an ongoing internal investigation at its subsidiary, Barnes & Noble Education, concerning potential overstatements in accounts receivable. This investigation, initiated by the BNED Audit Committee, is examining discrepancies in cost of sales, potentially impacting financial results for fiscal years 2024 and 2025. Despite these issues, Immersion expects to file the delayed report within a 15-day extension period. Preliminary financial results indicate a significant revenue increase to approximately $1.6 billion, primarily due to the acquisition of Barnes & Noble Education. The company is addressing internal control weaknesses and remains committed to resolving these issues promptly, as stated by CFO J. Michael Dodson.
The most recent analyst rating on (IMMR) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Immersion stock, see the IMMR Stock Forecast page.
Spark’s Take on IMMR Stock
According to Spark, TipRanks’ AI Analyst, IMMR is a Neutral.
Immersion’s stock score reflects a mixed picture: strong valuation due to low P/E and high dividend yield is offset by financial performance concerns related to leverage and cash flow. The technical indicators suggest bearish sentiment, impacting the overall score. The absence of earnings call data and corporate events means these areas did not influence the score.
To see Spark’s full report on IMMR stock, click here.
More about Immersion
Average Trading Volume: 417,103
Technical Sentiment Signal: Sell
Current Market Cap: $237.8M
See more insights into IMMR stock on TipRanks’ Stock Analysis page.