IMMR Stock Analysis: Immersion | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 216m USD | 12M Return: 9.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.53M
Qual. Beats: 0
Rev. Trend: 88.8%
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Immersion Corporation (NASDAQ: IMMR) is a U.S.-based intellectual property company best known for developing haptic technology-the underlying patents and software that allow digital devices to produce tactile feedback (vibrations, forces, textures) when users interact with screens, buttons, or other controls. The company licenses this patented technology and provides integration software, developer tools, and technical support to manufacturers across multiple end markets, including mobile devices, wearables, console gaming, automotive interfaces, and medical equipment. Its headquarters is in Aventura, Florida, and it was incorporated in 1993.
Beyond its core haptic IP business, the description also references operations involving educational content, physical and digital textbooks, bookstore management, and related marketing and wholesaling services, which serve customers across North America, Europe, and Asia. The company is listed on NASDAQ under the ticker IMMR, has a micro-cap market capitalization, and is classified within the Information Technology sector under the Technology Hardware, Storage & Peripherals sub-industry. Immersions revenue model is characteristic of patent licensing businesses, which typically derive income from royalties, per-unit fees, and licensing agreements rather than direct hardware sales.
- Haptic technology licensing revenue grows on mobile and gaming partnerships
- Automotive haptic feedback adoption expands per-unit royalty base
- Patent litigation settlements drive unpredictable quarterly revenue swings
| Net Income: 4.52m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 7.58 > 1.0 |
| NWC/Revenue: 21.86% < 20% (prev 26.37%; Δ -4.51% < -1%) |
| CFO/TA 0.05 > 3% & CFO 59.1m > Net Income 4.52m |
| Net Debt (197.2m) to EBITDA (72.3m): 2.73 < 3 |
| Current Ratio: 2.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.1m) vs 12m ago 0.94% < -2% |
| Gross Margin: 20.82% > 18% (prev 88.27%; Δ -67.45% > 0.5%) |
| Asset Turnover: 145.4% > 50% (prev 131.9%; Δ 13.45% > 0%) |
| Interest Coverage Ratio: 2.13 > 6 (EBIT TTM 26.0m / Interest Expense TTM 12.2m) |
| A: 0.34 (Total Current Assets 671.7m - Total Current Liabilities 293.4m) / Total Assets 1.12b |
| B: 0.03 (Retained Earnings 31.2m / Total Assets 1.12b) |
| C: 0.02 (EBIT TTM 26.0m / Avg Total Assets 1.19b) |
| D: 0.54 (Book Value of Equity 297.2m / Total Liabilities 552.0m) |
| Altman-Z'' = 3.02 = A |
| DSRI: 0.74 (Receivables 126.8m/164.6m, Revenue 1.73b/1.66b) |
| GMI: 4.24 (GM 88.27% / 20.82%) |
| AQI: 1.37 (AQ_t 0.23 / AQ_t-1 0.17) |
| SGI: 1.04 (Revenue 1.73b / 1.66b) |
| TATA: -0.05 (NI 4.52m - CFO 59.1m) / TA 1.12b) |
| Beneish M = -0.06 (Cap -4..+1) = D |
As of July 28, 2026, the stock is trading at USD 7.74 with a total of 2,927,457 shares traded. Over the past week, the price has changed by +20.30%, over one month by +14.38%, over three months by +31.04% and over the past year by +9.80%.
Current recommended Stop Loss: 7.40 (which is 4.4% or 1.3 ATR below the current price).
Immersion has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy IMMR.
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.5 | 74.4% |
P/E Forward = 17.331
P/S = 0.1247
P/B = 0.7306
P/EG = 2.2143
Revenue TTM = 1.73b USD
EBIT TTM = 26.0m USD
EBITDA TTM = 72.3m USD
Long Term Debt = 155.2m USD (estimated: total debt 222.7m - short term 67.5m)
Short Term Debt = 67.5m USD (from shortTermDebt, last quarter)
Debt = 395.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 172.4m
Net Debt = 197.2m USD (calculated: Debt 395.1m - CCE 197.9m)
Enterprise Value = 413.0m USD (215.8m + Debt 395.1m - CCE 197.9m)
Interest Coverage Ratio = 2.13 (Ebit TTM 26.0m / Interest Expense TTM 12.2m)
EV/FCF = 9.63x (Enterprise Value 413.0m / FCF TTM 42.9m)
FCF Yield = 10.38% (FCF TTM 42.9m / Enterprise Value 413.0m)
FCF Margin = 2.48% (FCF TTM 42.9m / Revenue TTM 1.73b)
Net Margin = 0.26% (Net Income TTM 4.52m / Revenue TTM 1.73b)
Gross Margin = 20.82% ((Revenue TTM 1.73b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 27.38% (prev 17.92%)
Tobins Q-Ratio = 0.37 (Enterprise Value 413.0m / Total Assets 1.12b)
Interest Expense / Debt = 3.09% (Interest Expense 12.2m / Debt 395.1m)
Taxrate = 33.25% (3.08m / 9.26m)
NOPAT = 17.4m (EBIT 26.0m * (1 - 33.25%))
Current Ratio = 2.29 (Total Current Assets 671.7m / Total Current Liabilities 293.4m)
Debt / Equity = 1.33 (Debt 395.1m / totalStockholderEquity, last quarter 297.2m)
Debt / EBITDA = 2.73 (Net Debt 197.2m / EBITDA 72.3m)
Debt / FCF = 4.60 (Net Debt 197.2m / FCF TTM 42.9m)
Total Stockholder Equity = 298.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.38% (Net Income 4.52m / Total Assets 1.12b)
RoE = 1.51% (Net Income TTM 4.52m / Total Stockholder Equity 298.8m)
RoCE = 5.73% (EBIT 26.0m / Capital Employed (Equity 298.8m + L.T.Debt 155.2m))
RoIC = 2.15% (NOPAT 17.4m / Invested Capital 807.0m)
WACC = 4.99% (E(215.8m)/V(610.9m) * Re(10.36%) + D(395.1m)/V(610.9m) * Rd(3.09%) * (1-Tc(0.33)))
Discount Rate = 10.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 61.74 | Cagr: 2.40%
[DCF] Terminal Value 75.44% ; FCFF base≈42.9m ; Y1≈43.0m ; Y5≈45.6m
[DCF] Fair Price = 15.47 (EV 709.2m - Net Debt 197.2m = Equity 512.1m / Shares 33.1m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.15 | # QB: 0
Revenue Correlation: 88.83 | Revenue CAGR: 398.2% | SUE: N/A | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2027-04-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+0.0%