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Immersion Corporation (IMMR) Q1 2021 Results - Earnings Call Transcript

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Immersion Corporation (NASDAQ:IMMR) Q1 2021 Results Conference Call May 6, 2021 5:00 PM ET

Company Participants

Jared Smith - Interim Chief Executive Officer

Aaron Akerman - Chief Financial Officer

Conference Call Participants

Anthony Stoss - Craig-Hallum

Derek Soderberg - Colliers Securities


Good day, and welcome to the Immersion Q1 2021 Earnings Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Chief Financial Officer, Aaron Akerman. Please go ahead, sir.

Aaron Akerman

Good afternoon, and thank you for joining us today on Immersion's first quarter 2021 conference call. This call is also being broadcast live over the web and can be accessed from the Investor Relations section of our website at ir.immersion.com. With me on today's call is Jared Smith, our interim CEO.

During this call, we may make forward-looking statements, which may include any expectations, projections or other characterizations of future events or circumstances; and include statements regarding the impact of COVID-19 on our business, and the business of our customers and suppliers as well as on the economy in general; and also include projected financial results or operating metrics, business strategies, litigation or absence of litigation, anticipated future products, future expense reductions, anticipated tax expenses, anticipated market demand or opportunities, our operating model and other forward-looking topics.

These statements are subject to risks, uncertainties and assumptions, especially in light of the ongoing adverse effects of the COVID-19 global pandemic. Many of these risks and uncertainties are beyond the control of Immersion. For a more detailed discussion of these factors and other factors that could cause actual results to vary materially, interested parties should review the Risk Factors listed in the press release we issued today after market close, Immersion's Annual Report on Form 10-K for 2020 and its most recent quarterly report on Form

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Comments (14)

No pricing power, collecting pennies on a weak IP withouy any significant upsude from very small cap revenues. Very uninteresting earning call and dead money for a while. What a pump and dump it was from november to march, goid those insided sold so much ... all they can do is rince and repeat with stock repurchase amd then issuance, trading your own share price when your business is just weak
Careful Investor profile picture
@Amstragram it seems like you know this well. I'm very new to the name, it seems so temptingly cheap -- interim ceo, lots of cash, etc. -- why do they have no pricing power? are there a lot of competitors out there?
@Careful Investor just need to look at the revenues and see that whatever they licence is bringing little money, the PS5 overhyped pump was designed to allow massive insider selling and share issues in the low to mid 10$ ... if anything they will use the cash to buy back shares in the low 7$ or high 6$ like they did last year ... If their patent was worth a lot their PS5 revenues would have shown something ... it did not. They also struggled in the past with lawsuit, that they can not afford. So basically they get what they can from big corporate which tolerate the IP by throwing pennies ... they have no competition because they are the proof it is not worth it
Careful Investor profile picture
@Amstragram thank you for your thoughts
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