Quick Win by the Algorithm: Immersion Corporation (NASDAQ: IMMR) Vibes Sent Its Stock Up 21.31% In 14 Days

Quick Win by the Algorithm

IMMR logo

[Source: By Immersion Corporation (Immersion Corporation) [CC0], via Wikimedia Commons]

“Our focus on innovation and development of cutting-edge haptic technology remains at the forefront of our company’s strategy. Today, our employees are working on haptic technology solutions for fascinating and seemingly insurmountable challenges that will become mainstream in the market during the next five to ten years. This is the work we do here at Immersion; this is why our patent portfolio is exceptional; and, this is why I’m so excited about the future of our company.”

– Carl Schlachte, interim CEO and Chairman of the Board


Over the past couple of weeks Immersion Corporation’s stock price jumped from $9.70 to $11.88 per share, outperforming the market by more than 17%. So what is the driver behind that growth  and what happened during those 14 days? The reason is that the company released the results for Q4 2017 with the following highlights:

  • Revenues for 2017 were $35.0 million, a decrease of 39% as compared to $57.1 million for 2016
  • Net loss for the fourth quarter of 2017 was $12.3 million, or $(0.42) per diluted share which compares to net loss of $38.1 million, or $(1.32) per diluted share, for the fourth quarter of 2016
  • As of December 31, 2017, Immersion’s cash, cash equivalents and short term investments were $46.5 million, compared to $89.8 million as of December 31, 2016

In the context of the above, one can see that despite that the company had hard times in terms of its revenue performance, it was capable to reduce the net loss figure for the last quarter by almost 70% comparing to the previous year. In addition to that, the fact that the net loss was significantly decreased combined with the decrease in cash is a sign of the management team effectively putting the company’s resources into action. Carl Schlachte, CEO, stated that “…we anticipate annual revenues of $80 million to $95 million and Non-GAAP net income of $35 million to $46 million.” The latest Yahoo Finance data supports that positive outlook and shows that 4 out of 5 analysts took the buy position with regards to Immersion’s stock.

IMMR_Yahoo Finance

[Source: Yahoo Finance]

On February 12th, 2018, I Know First issued a bullish 14 days forecast for Immersion Corporation (NASDAQ: IMMR). The forecast illustrated a signal of 11.21 and a predictability of 0.24. In accordance with the forecast, IMMR’s stock returned 21.31% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.


Current I Know First subscribers received this bullish IMMR forecast on February 12th, 2018.

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How to read the I Know First Forecast

Immersion Corporation (NASDAQ: IMMR) creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products. It also provides TouchSense Software Development Kits, which consist of design tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects in mobile content, including games, ads, and video. In addition, the company offers TouchSense Ads that consists of mobile video advertisements from brand advertisers that have been enabled to playback with haptic effects on Android mobile devices; and TouchSense Force, which comprises design tools, APIs, reference designs, and firmware for the PC/Console gaming/virtual reality markets. In addition, the company licenses its patents to implement the licensed software to customers. Further, it provides engineering and integration services, design kits for prototyping, authoring tools, application programming interfaces, and platform independent solutions. The company offers its products to mobile communications, wearables, and consumer electronics; console and PC gaming; automotive; and medical markets. Immersion Corporation was founded in 1993 and is headquartered in San Jose, California.


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