Immersion (IMMR) investor relations material

Executive summary

• Operates two segments: Immersion (IP licensing for haptics) and Barnes & Noble Education (campus bookstores, course materials, and related services).

• Barnes & Noble Education acquired June 2024; results consolidated since then; ownership reduced to 32.3% by July 2026 due to additional share issuances.

• Reported total revenues of $294.4 million for Q2 FY2027, up 0.8% year-over-year.

• GAAP net income attributable to stockholders was $4.9 million ($0.17 per diluted share), compared to a loss of $0.9 million ($-0.03 per share) in the prior year.

• Sixteenth consecutive quarterly dividend of $0.075 per share declared for October 2026.

Financial highlights

• Total revenue for Q2 FY2027 was $294.4M, up 0.8% year-over-year.

• Royalty and license revenue was $3.8M; Barnes & Noble Education contributed $290.6M in product and rental revenues.

• Operating income improved to a loss of $20.0M from a loss of $26.4M year-over-year.

• Cash, cash equivalents, and investments-current totaled $209.5M as of July 31, 2026.

• Total cost of sales was $234.0M, nearly flat year-over-year.

Outlook and guidance

• Barnes & Noble Education expects continued growth in affordable access course material programs and e-commerce capabilities.

• Management believes capital resources are sufficient for the next twelve months and beyond.

• Management remains focused on executing strategic initiatives to drive long-term shareholder value, noting that financial performance may be lumpy.

• Forward-looking statements caution about risks related to litigation, market changes, and licensing agreements.