Why Immersion Shares Popped Temporarily

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Immersion (NASDAQ: IMMR  ) popped temporarily today, up by 12% at the high before giving back some gains, after the company reported earnings.

So what: Revenue in the second quarter hit a record $10.2 million, which translated into earnings per share of $0.03. Both figures were in-line with consensus estimates. CEO Vic Viegas expressed confidence in the company's revenue pipeline, saying license agreements provide visibility.

Now what: Sharp became Immersion's newest licensee of its software, and the company expects other partners to launch products in the near term. Viegas said Immersion is on track to post record revenue this year of $45 million to $48 million. Adjusted EBITDA for 2013 should be $12 million to $15 million.

Interested in more info on Immersion? Add it to your watchlist by clicking here.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2576493, ~/Articles/ArticleHandler.aspx, 7/22/2014 2:08:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement