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Upturn AI Summary - About
Immersion Corporation(IMMR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IMMR
11/09/2026: IMMR (1-star) is currently NOT-A-BUY. Pass it for now.
Immersion Corporation is a specialized technology company that generates revenue primarily by licensing its extensive portfolio of haptic patents to consumer electronics and automotive manufacturers. The company has a stable business model, benefiting from high-margin royalties and a strong balance sheet with minimal debt. Its primary growth opportunity lies in the expanding demand for realistic tactile feedback in automotive interfaces, VR/XR hardware, and mobile gaming. However, the company faces risks related to patent litigation, concentration of key licensees, and the constant threat of technology being designed around its patents. It may suit value-oriented investors who appreciate stable, royalty-based income, but should be monitored for upcoming litigation and renewal outcomes.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers exposure to tech growth trends like AR/VR but relies on a mature, licensing-heavy model. |
| Momentum investor | Mixed fit | Performance is often event-driven, such as major litigation settlements, rather than steady momentum. |
| Value investor | Strong fit | The company often trades at valuations that reflect the stable cash flows of its licensing business. |
| Dividend investor | Mixed fit | The company pays dividends, but they are not the primary driver of the investment thesis. |
| Low-risk investor | Weak fit | Reliance on litigation and concentration in electronics creates significant price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Stock price is sensitive to news regarding patent litigation outcomes. |
| Valuation risk | Medium | Market pricing depends on investor sentiment toward future licensing revenue cycles. |
| Competition risk (Hardware/IP) | Medium / high | Large hardware OEMs may attempt to design around patented haptic technology. |
| Business quality | Medium | High-margin licensing is a strong franchise, but highly dependent on legal defensibility. |
| Dividend income | Medium | Dividends exist but are variable based on the company's cash flow needs. |
| Execution risk | Medium | Success depends on the ongoing ability to sign and renew license agreements. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -2.14% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 230.45M USD | Price to earnings Ratio 20.41 | 1Y Target Price 13.5 |
Price to earnings Ratio 20.41 | 1Y Target Price 13.5 | ||
Volume (30-day avg) 403.9K shares | Beta 0.9 | 52 Weeks Range 5.08 - 7.97 | Updated Date 11/09/2026 |
52 Weeks Range 5.08 - 7.97 | Updated Date 11/09/2026 | ||
Dividends yield (FY) 3.98% | Basic EPS (TTM) 0.34 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| IP Licensing | Royalty payments from manufacturers for using Immersion's haptic patents in phones, cars, and game controllers. | The company acts like a 'patent landlord' for touch feedback technology, collecting fees from device makers. |
| Professional Services | Integration services and software tools for developers. | Small revenue stream supporting the main licensing business by making it easier for customers to use their tech. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 20.41 | Forward PE 26.6 | Enterprise Value 289.12M | Price to Sales(TTM) 0.13 |
Enterprise Value 289.12M | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 0.17 | Enterprise Value to EBITDA 3.06 | Shares Outstanding 33.21M | Shares Floating 27.48M |
Shares Outstanding 33.21M | Shares Floating 27.48M | ||
Percent Insiders 17.3 | Percent Institutions 64.38 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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