US Haptics tech firm Immersion Q1 revenue edges up
IMMR•Overview
- US haptics tech licensor's fiscal Q1 revenue rose slightly year-over-year
- GAAP net income turned positive from a loss in the prior-year period
- Non-GAAP net income was nearly flat year-over-year
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Net Loss | $4.56 mln | ||
| Q2 Operating Income | -$19.98 mln | ||
| Q2 Pretax Loss | -$6.69 mln |
Analyst coverage
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the software peer group is "buy"
Outlook and result drivers
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Company did not provide specific guidance for the current quarter or full year
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BNED consolidation - Results reflect continued consolidation of Barnes & Noble Education following controlling interest acquisition
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