Immersion(NASDAQ) IMMR

Immersion Corporation helps people feel digital content through touch technology. It makes electronic devices provide realistic physical feedback to users. The company also manages bookstores and textbooks for college students.

Making Tech Tactile and Schools Smarter

• Gaming Technology: Patents for controllers and consoles used by major manufacturers; accounted for 45% of royalty and license revenue in fiscal year 2026.
• Mobile and Wearables: Haptic software and licenses for smartphones and watches; represented 28% of royalty and license revenue in fiscal year 2026.
• Campus Bookstores: Physical and virtual retail operations for 1,116 educational institutions across the United States.
• Course Materials: Digital and physical textbooks offered through affordable access programs like First Day Complete.
• Automotive Interfaces: Solutions for touchscreens and controls in vehicles; contributed 15% of royalty and license revenue in fiscal year 2026.

A Bold Leap Into Education

• Acquired a 42% controlling interest in Barnes & Noble Education on June 10, 2024.
• Purchased 9 million new shares of Barnes & Noble Education for $45 million during the 2025 fiscal year.
• Expanded the First Day Complete program to more schools during fiscal year 2026 to improve course material sales.
• Secured new haptic licensing agreements with integrated circuit manufacturers Awinic and Dongwoon Anatech.

Patents and Campus Presence

Immersion manages a portfolio of nearly 300 issued or pending patents focused on digital touch interactions. This intellectual property allows the company to collect royalties even when customers use their own internal haptic designs. Following its 2024 acquisition, the company now also serves as a major contractor for college bookstores and textbook wholesaling in the United States.

The Latest Financial Results

• Total revenue was $1.73 billion for the fiscal year ended April 30, 2026, up 11.2% year over year.
• Net income reached $9.2 million for the fiscal year ended April 30, 2026, down 90% year over year.
• Immersion segment operating income was $3.8 million in fiscal year 2026, down 92% year over year.
• The company held $129.9 million in cash and cash equivalents as of April 30, 2026.
• Barnes & Noble Education generated $1.71 billion in revenue for the fiscal year ended April 30, 2026.

A New Chapter for Immersion

Immersion has transformed from a technology licensing specialist into a diversified company with a major presence in education retail. This shift combines high-margin intellectual property with a large-scale physical and digital bookstore footprint.