SAN JOSE, Calif. -- Immersion Corporation (NASDAQ:IMMR), the leader in developing and licensing touch feedback technology, today reported financial results for the first quarter ended March 31, 2010.

Revenues for the first quarter of fiscal 2010 were $9.7 million, an increase of 29% compared to revenues of $7.5 million for the first quarter of 2009 and an increase of 41% compared to $6.9 million in the fourth quarter of 2009. Net loss for the first quarter, was $(2.7) million, or $(0.09) per share. This compares to net loss of $(6.1) million or $(0.22) per share, for the first quarter of 2009. Net loss in the fourth quarter of ugg boots Bags 2009 was $(4.3) million, or $(0.15) per share.

"Royalty and license revenue for the quarter totaled $6.4 million, demonstrating strong uptake for Immersion鈥檚 haptic technology among existing and new OEM customers," said Immersion CEO Victor Viegas. "Immersion is making very tangible progress on a number of fronts, completing the build-out of our senior management team with the appointment of a new CFO, expanding the ecosystem of industry partners integrating our TouchSense technology and increasing penetration of our solutions within a broad range of markets. We remain on track to achieve our goal of annual revenue of $25 million to $30 million, and are making great strides on the operating expense side. One internal metric that we are pleased to see, our operating loss of $2.4 million crosses over into profitability when we adjust for one-time investigation and restatement expenses of $1.6 million as well as non-cash expenses of $1.1 million, for depreciation, amortization and stock based compensation.鈥?

As of March 31, 2010, Immersion鈥檚 cash, ghd iv styler cash equivalents, and short-term investments were $64.6 million, up from $63.7 million as of December 31, 2009.

Q1 Corporate Highlights

Immersion recently:

Conference Call Information

Immersion will host a conference call with company management on Thursday, May 6, 2010 at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss financial results for the first quarter ended March 31, 2010. To participate on the live call, analysts and investors should dial 1 877.941.1427 at least ten minutes prior to the start of the call. A replay of the call will be available until 11:59 p.m. Pacific time on May 13, 2010 by dialing 1 800.406.7325 and entering the passcode 4284297#. A live and archived webcast of the conference call will also be available for one year within the investor relations section of Immersion鈥檚 corporate Web site at .

About Immersion ()

Haptic (touch) technology is key to the future of user experience Replica Raymond Weil in digital devices. Founded in 1993, Immersion (NASDAQ:IMMR) harnesses human touch to create user experiences that deliver a more compelling sense of the digital world. Using one of Immersion鈥檚 adaptable high fidelity haptic systems, partners can achieve a competitive advantage and greater revenue opportunities with products that are more intuitive, satisfying, efficient, and safe. With Immersion technology, world-class companies can deliver improved user experiences in products such a
Other articles:
http://www.mequam.com/blog/view/id_1470/title_while-the-national-headlines-a/
http://www.xxdfhschool.com/bbs/Blog.asp?BlogUserName=asdf&menu=ShowBlog&BlogID=676

Bookmark: