Immersion Corporation (IMMR) has recently reached an important inflection point, having delivered its best quarter ever. Even more important, management guidance for 2013 implies revenue growth comprised between 37% and 49% - and it might actually prove to be conservative, as we will discuss later on.
Since we wrote our PRO article "Immersion Corporation: Profiting From The Touch Screen Revolution" the stock has basically doubled, prompting the question of whether the company is still worth holding.
We'll start with a quick analysis of Q1 2013 results, to move on to discuss why we believe that the story may still deserve consideration, especially if you are an investor with a long-time approach.
First quarter highlights