Immersion Corporation provides haptic technologies and software that allow people to use their sense of touch when operating various digital devices. The company was founded in 1993 and is based in San Jose, California.
Good afternoon, and thank you for joining us today on Immersion's first quarter 2020 conference call. With me on today's call is Ramzi Haidamus, President and CEO. During this call, we may make forward-looking statements which may include any expectations, projections or other characterizations of future events or circumstances and include statements regarding the impact of COVID-19 on our business and the business of our customers and suppliers as well as on the economy in general and also include projected financial results or operating metrics, business strategies, litigation or absence of litigation, anticipated future products, future expense reductions, anticipated tax expenses, anticipated market demand or opportunities, our operating model and other forward-looking topics.
SAN FRANCISCO--(BUSINESS WIRE)--Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the first quarter ended March 31, 2020. First Quarter Financial Summary Total revenues grew 22 percent to $6.3 million, compared to $5.1 million in the first quarter of 2019. Royalty and license revenues were $6.2 million, compared to $5.0 million in the first quarter of 2019. GAAP operating expenses of $10.8 million declined
SAN FRANCISCO & TOKYO--(BUSINESS WIRE)-- #advancedhmi--Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced a new license agreement with ALPS ALPINE Co., Ltd. for the use of Immersion’s Active Sensing™ technology in Alps Alpine’s touch feedback devices. The new Active Sensing technology-enabled product solutions deliver high-quality, high-fidelity and quick-to-respond tactile effects for improved user experiences in automotive human-machine interface