Brief: Immersion Q1 GAAP Loss Per Share $0.16

Immersion

07/05/2020 23:05

May 7 (Reuters) - Immersion Corp  IMMR.O :
    * ORATION REPORTS FIRST QUARTER 2020 RESULTS; COMPANY FOCUS
REMAINS IMPROVING PROFITABILITY AND ENHANCING SHAREHOLDER VALUE
    * Q1 GAAP LOSS PER SHARE $0.16
    * Q1 REVENUE ROSE 22 PERCENT TO $6.3 MILLION
    * Q1 NON-GAAP LOSS PER SHARE $0.08
    * EXPECT TO BE PROFITABLE ON A NON-GAAP BASIS FOR FISCAL
YEAR
    * INTEND TO EXIT 2020 WITH AN ANNUAL NON-GAAP OPERATING
EXPENSE
RUN RATE OF APPROXIMATELY $21 TO $23 MILLION

Source text for Eikon:  ID:nBw4nk2Tda 
Further company coverage:  IMMR.O 

 ((Reuters.Briefs@thomsonreuters.com;))