Street Calls of the Week
AVENTURA, Fla. - Haptics technology provider Immersion Corporation (NASDAQ:IMMR), currently trading at $7.32 with a market capitalization of $237 million, announced Monday it received a second delinquency notice from Nasdaq for failing to timely file its quarterly report for the period ended July 31, 2025. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.
The notice, received on September 29, follows an earlier notification on August 20 regarding the company’s failure to file its annual report for the fiscal year ended April 30, 2025.
Under Nasdaq rules, Immersion has until October 20, 2025, to submit a compliance plan. If accepted, the company would have until February 9, 2026, to regain compliance with listing requirements.
The filing delays stem from ongoing audit committee investigations at both Immersion and its consolidated subsidiary Barnes & Noble Education, Inc. (BNED). These investigations will result in the restatement of previously-issued financial information, according to the company’s statement.
Immersion acquired a controlling interest in Barnes & Noble Education on June 10, 2024. BNED operates physical and virtual bookstores for college and university campuses across the United States.
The company stated it is "working diligently" to complete the necessary work to file the required reports, though completion depends on the ongoing audit committee investigations and consolidation of BNED’s financial information.
Immersion Corporation, founded in 1993, provides haptic technology that creates touch feedback experiences for mobile, automotive, gaming, and consumer electronics applications. The company maintains a modest 2.47% dividend yield and trades at a P/E ratio of 3.57. For more detailed financial metrics and exclusive insights, check out InvestingPro, which offers additional ProTips and comprehensive analysis tools.
This information is based on a press release issued by Immersion Corporation.
In other recent news, Immersion Corporation has encountered a delay in filing its Annual Report for the fiscal year ending April 30, 2025. This delay has resulted in a delinquency compliance alert from Nasdaq. The company attributed the delay to an ongoing internal investigation at its subsidiary, Barnes & Noble Education, Inc., which has impacted the completion of its financial reporting process. Additionally, Immersion Corporation announced a quarterly cash dividend of $0.045 per share, scheduled for payment on August 8, 2025, to shareholders of record as of July 23, 2025. The company emphasized that future dividends would be subject to the Board’s review and approval, aligning with its capital allocation strategy. These recent developments highlight key financial and operational activities within Immersion Corporation.
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