Immersion (IMMR)
NASDAQ:IMMR
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Immersion
(NASDAQ:IMMR)
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Rating:53Neutral
Price Target:
$6.50
▲(0.62% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weakened recent profitability, elevated leverage versus prior years, and volatile/uneven cash-flow quality. Technicals are neutral and do not provide a strong offset, while valuation is supported by the dividend but constrained by loss-making earnings. Ongoing (recently improving) Nasdaq compliance and filing-delay events add risk.
Positive Factors
IP Licensing Business Model
A licensing-centric model yields recurring royalty streams, upfront license fees and settlement income that scale with customers' unit shipments. Low marginal costs for software/IP make revenue highly scalable and durable if the patent estate and adoption across devices persist.
Negative Factors
Regulatory & Reporting Risk
Ongoing restatements, audit committee probes and multi-quarter filing delays create persistent governance and compliance risk. These issues can divert management, increase audit/legal costs, damage investor confidence and threaten listing status — structural headwinds to strategic execution.
Read all positive and negative factors
Positive Factors
Negative Factors
IP Licensing Business Model
A licensing-centric model yields recurring royalty streams, upfront license fees and settlement income that scale with customers' unit shipments. Low marginal costs for software/IP make revenue highly scalable and durable if the patent estate and adoption across devices persist.
Read all positive factors
Immersion (IMMR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$203.57M
Dividend Yield5.4%
Average Volume (3M)600.70K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth35.58%
EPS Growth-107.31%
CountryUS
Employees14
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.19
Shares Outstanding33,100,452
10 Day Avg. Volume445,814
30 Day Avg. Volume600,699
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.75
Price to Sales (P/S)0.13
P/FCF Ratio21.21
Enterprise Value/Market Cap1.88
Enterprise Value/Revenue0.22
Enterprise Value/Gross Profit0.27
Enterprise Value/Ebitda4.77
Forecast
1Y Price Target
$13.50Price Target Upside108.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Immersion Business Overview & Revenue Model
Company Description
Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The c...
How the Company Makes Money
Immersion primarily makes money by monetizing its haptics intellectual property through licensing arrangements. The company grants manufacturers and technology providers rights to use its patented haptics technologies and related know-how, typical...
Immersion Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
46
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.74B | 1.56B | 33.92M | 38.46M | 35.09M |
| Gross Profit | 1.44B | 1.48B | 33.92M | 38.46M | 35.00M |
| EBITDA | 80.06M | 168.93M | 17.99M | 24.56M | 17.87M |
| Net Income | -4.71M | 64.28M | 33.98M | 30.66M | 12.48M |
Balance Sheet | |||||
| Total Assets | 1.43B | 1.37B | 215.73M | 190.11M | 175.52M |
| Cash, Cash Equivalents and Short-Term Investments | 177.92M | 153.91M | 160.36M | 149.74M | 137.92M |
| Total Debt | 310.77M | 322.14M | 39.00K | 486.00K | 1.10M |
| Total Liabilities | 870.72M | 804.25M | 32.63M | 32.41M | 34.23M |
| Stockholders Equity | 295.38M | 319.17M | 183.10M | 157.70M | 141.29M |
Cash Flow | |||||
| Free Cash Flow | 10.43M | -68.81M | 20.60M | 40.12M | 17.11M |
| Operating Cash Flow | 25.32M | -57.58M | 20.60M | 40.15M | 17.45M |
| Investing Cash Flow | 45.06M | 3.38M | 3.40M | -29.41M | -87.68M |
| Financing Cash Flow | -17.50M | 60.95M | -16.75M | -13.41M | 62.20M |
Immersion Technical Analysis
Negative
6.46
Price Trends
6.04
Positive
6.18
Negative
6.45
Negative
Market Momentum
0.02
Positive
46.42
Neutral
17.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMMR, the sentiment is Negative. The current price of 6.46 is above the 20-day moving average (MA) of 6.25, above the 50-day MA of 6.04, and above the 200-day MA of 6.45, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 17.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IMMR.
Immersion Risk Analysis
Immersion disclosed 54 risk factors in its most recent earnings report. Immersion reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Immersion Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $192.15M | 22.20 | 44.62% | ― | 5.20% | 1319.56% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $250.68M | 97.76 | -5.15% | ― | 20.69% | 29.58% | |
53 Neutral | $203.57M | ― | -1.57% | 5.40% | 35.58% | -107.31% | |
45 Neutral | $154.29M | ― | -141.94% | ― | -2.16% | 31.21% |
* Technology Sector Average
IMMR
Immersion
6.08
-1.05
-14.71%
ASUR
Asure
8.79
-0.71
-7.47%
EGAN
eGain
6.88
1.28
22.86%
NRDY
Nerdy
0.77
-0.82
-51.57%
Immersion Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Immersion Regains Nasdaq Compliance, Stabilizing Listing Status
Positive
May 15, 2026
Immersion Corporation, a haptics technology licensing company, confirmed it has resolved a Nasdaq compliance issue related to its periodic reporting obligations. On May 14, 2026, the company received notice from Nasdaq’s Listing Qualificatio...
Delistings and Listing ChangesRegulatory Filings and Compliance
Immersion Granted Nasdaq Listing Extension Amid Reporting Delays
Negative
Apr 24, 2026
On April 23, 2026, Immersion Corporation said a Nasdaq Hearings Panel granted its request to maintain its listing on the Nasdaq Stock Market, provided the company regains compliance with Listing Rule 5250(c)(1) by May 22, 2026. The ruling followed...
Executive/Board ChangesShareholder Meetings
Immersion Shareholders Approve Directors, Auditor and Executive Pay
Positive
Apr 8, 2026
Immersion Corporation held its fiscal year 2025 Annual Meeting of Stockholders on April 6, 2026, where shareholders elected five directors — Eric Singer, William Martin, Emily Hoffman, Frederick Wasch and Elias Nader — to serve until t...
Delistings and Listing ChangesDividendsFinancial DisclosuresRegulatory Filings and Compliance
Immersion Faces Nasdaq Compliance Issues Amid Ongoing Reporting Delays
Negative
Mar 27, 2026
Immersion Corporation disclosed that on March 24, 2026 it received an additional Nasdaq delinquency notice because it had not timely filed its Form 10-Q for the quarter ended January 31, 2026, compounding earlier delays for the July 31 and October...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Immersion Faces Ongoing Filing Delays and Meeting Postponement
Negative
Mar 12, 2026
Immersion Corporation reported on March 12, 2026, that it has filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025, after audit committee investigations at both the company and its consolidated variable interest entity Bar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.