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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 112M | 87% |
Gross Profit | 112M | 243.8% |
Cost of Revenue | 41M | 50.1% |
Operating expense | 33M | 22% |
Net Income | 29M | 55.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.19B | 385.4% |
Total Liabilities | 762M | 1661.4% |
Total Equity | 230M | 14.3% |
Shares Outstanding | 32M | 3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -86M | 387.4% |
Cash from investing | -38M | 657.1% |
Cash from financing | 84M | 4882.1% |
EPS
Financial Highlights for Immersion Corporation in Q2 '24
Immersion Corporation reported a revenue of 112M, which is a 87% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 112M, marking a 243.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 41M, a 50.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 33M, showing a 22% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 29M, showing a 55.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Immersion Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.