In Tuesday’s after-hours trading, shares of the leading developer and provider of technologies for haptics, Immersion Corporation (IMMR) was up 13.14% at $9.30. As of the close of regular session yesterday, Immersion stock lost -2.84% to $8.22. IMMR stock prices ranged between $8.20 and $8.59 on the day. IMMR traded 0.78 million shares on the day, which was below its 100-day average of 0.83 million shares.

IMMR shares were down -5.41% over the last month, and -5.95% over the past five days. In the current market, IMMR trades at a price to earnings ratio of 18.94 and a price to book ratio of 2.23. IMMR’s price to cash flow ratio is 45.49. Following the announcement of its preliminary financial results, IMMR stock rose significantly.

IMMR has shared what?

Intuitive touch feedback, also called haptics, is a technology originally invented by Immersion. Through its technology solutions for gaming, mobile, automotive, and consumer electronics, IMMR develops, accelerates, and scales haptic experiences. With its haptic technology, IMMR enhances digital interactions by bringing the user’s sense of touch into the process. In addition to its headquarters in San Francisco, California, IMMR has offices worldwide.

July 06, 2021–(BUSINESS WIRE)—

Immersion announced its preliminary fiscal second-quarter results for the period ended June 30, 2021.

On the basis of preliminary financial data:

• IMMR anticipates revenues to be between $10.5 million and $11.0 million.
• IMMR is likely to incur GAAP operating expenses between $5.1 and $5.5 million, while non-GAAP operating expenses will probably range between $3.9 and $4.3 million.
• Assuming Non-GAAP Net Income in the range of $6.8 and $7.3 million or $0.22 and $0.23 per diluted share, IMMR’s estimate for GAAP Net Income is of between $5.0 and $5.5 million or $0.16 and $0.18 per diluted share.

Immersion’s license agreement with ASUS for the use of its TouchSense software and haptics technology was recently updated.

• By incorporating TouchSense technology, ASUS ROG Phones offer advanced gaming haptics that offer more immersive gaming experiences.
• The ROG Phone series offers advanced haptic feedback for enhanced gaming experiences as the world’s most powerful gaming smartphone.
• The ASUSTek has renewed its commitment to the development of the best gaming phones with haptic feedback and to TouchSense technology through this agreement with IMMR.
• Gamer phones from ASUSTek continue to set new industry standards for performance and elegant design.
• Immersion (IMMR’s) TouchSense software enhances ROG Phone’s haptic performance, ensuring low-latency rendering of high-quality effects.
• Use IMMR’s TouchSense software to maximize system efficiency and performance.

What IMMR is expecting to share in earnings call?

With its strong first half of 2021, Immersion (IMMR) delivered sequential and year-over-year revenue growth while implementing innovative new products. On its upcoming earnings call, IMMR expects to provide a more comprehensive update on that momentum.