Immersion Corporation · NASDAQ:IMMR
Immersion — Sidoti Conference September 2020
20 slides from Immersion's conference presentation, Sep 22, 2020
Slide 1: Immersion Corporation Sidoti Conference September 23-24, 2020
IMMERSION CORPORATION Sidoti Conference September 23-24, 2020
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS All statements, other than the statements of historical fact, are statements that may predictions as of the date of this presentation. Immersion does not intend to update be deemed forward-looking statements, including any statements of the plans, these forward-looking sta
Slide 3: Our Mission: Touch Makes the Experience Real
OUR MISSION TOUCH Our mission is to develop and expand the use of haptic technology to improve people’s MAKES THE interactions with their digital environment, making it intuitive, engaging, and helpful. EXPERIENCE We invent, accelerate, and scale haptic REAL experiences across markets where we can p
Slide 4: Immersion at a Glance
IMMERSION AT A GLANCE WHAT WE DO 1993 SAN FRANCISCO Founded Headquarters • We build and demonstrate system solutions • We create new haptic applications and use cases 3B+ ~2,000 We essential software and new • provide Devices Patents techniques for building haptic system that improve performance and
Slide 5: Immersion Management Team
IMMERSION MANAGEMENT TEAM Ramzi Haidamus Aaron Akerman Mike Okada Todd Conroy President & CEO CFO General Counsel and SVP, Research & Development SVP, IP Licensing & Legal Affairs President, Nokia Technologies CFO, Hypertec Group VP, Customer Experience, LogiSense EVP of Sales & Marketing, Dolby CFO
Slide 6: We Make Haptic Experiences Possible
WE MAKE HAPTIC EXPERIENCES POSSIBLE Industry Experts in Haptic Development and Licensing of Software, Services, and IP SOFTWARE – Next-generation haptic creation tools – Efficient and scalable haptic codecs – Haptic rendering engine for any actuator – Integration with new sensor technologies, pressu
Slide 7: Immersion Enables the Ecosystem
IMMERSION ENABLES THE ECOSYSTEM OEMS SYSTEM SUPPLIERS COMPONENT PARTNERS Samsung Motorola Mitsubishi Electric Stanley Alps Alpine ASUS Microsoft Bosch Marelli Awinic Sony Acer Tokai Rika Continental Dongwoon Nintendo Google Nippon Seiki Marquardt Nidec LG Panasonic Preh Toyodenso TDK 7 © 2020 Immers
Slide 8: Our Target Markets
OUR TARGET MARKETS AUTOMOTIVE GAMING / VR MOBILE 8 © 2020 Immersion
Slide 9: Automotive
AUTOMOTIVE Opportunity to scale intuitive touch experiences in automotive HMI and enhance safety USE CASES 2023 TAM* 90M+ CLIMATE CONTROL DASHBOARD BUTTON IN-CAR NAVIGATION BUTTON PANEL vehicles with touch TEXTURES surfaces We are investing in reference designs, firmware, and support to: – Accelerat
Slide 10: Commercial Automotive Implementations of Haptic Technology
COMMERCIAL AUTOMOTIVE IMPLEMENTATIONS OF HAPTIC TECHNOLOGY TOUCHSCREEN CONTROL KNOBS BUTTON PANEL 10 ©© 20202020 ImmersionImmersion
Slide 11: Nissan Ariya Will Feature Haptic Interfaces
NISSAN ARIYA WILL FEATURE HAPTIC INTERFACES 11 © 2020 Immersion
Slide 12: Gaming & VR
GAMING & VR Opportunity to bring new, immersive experiences USE CASES 2023 TAM* 150M peripherals TRIGGER GAME VR TRIGGER HAPTIC CONTROLLER CONTROLLER HEADPHONES Ecosystem solutions for new experiences & gameplay possibilities 1212 *Source: Statista (2020), Strategy Analytics (2020), IDC (2020), Inte
Slide 13: Immersion & Sony PlayStation Holiday Launch
November 2020 IMMERSION & SONY PLAYSTATION 5 Holiday Launch Immersion and Sony Interactive Entertainment entered into licensing agreement for Advanced Haptics in May 2019. License covers gaming and VR controllers. 15–20M* PS4 sold units per year, PlayStation 5 DualSense controllers features 2014-202
Slide 14: Mobile
MOBILE Opportunity to bring new, immersive experiences USE CASES 2023 TAM* 1.4B HD HAPTICS MOBILE GAMES & AR TACTILE ILLUSION smartphones Solutions for new mobile experiences possibilities: – License OEMs and select haptic supply chain solution providers – Partner with haptic component suppliers to
Slide 15: Financial Overview
FINANCIAL OVERVIEW © 2020 Immersion
Slide 16: Recent Quarterly Performance
RECENT QUARTERLY PERFORMANCE Streamlined cost structure positions us for improved profitability as end-markets recover • Revenues on upward trend Recent Quarterly Performance prior to COVID-19 $20 • Recurring revenues greater $15 than 90% of total revenues in 1H 2020 $10 • Non-GAAP Opex down 64% fro
Slide 17: Thank You
THANK YOU © 2020 Immersion
Slide 18: Appendix
APPENDIX © 2020 Immersion
Slide 19: Reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income (Loss)
RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME(LOSS) Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 GAAP net income (loss) $ (11,016) $ (8,620) $ (1,387) $ 979 $ (4,828) $ (712) Add: Provision for income taxes 115 (3) 88 271 52 41 Less: Non-GAAP provision for income taxes (42) (13)
Slide 20: Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses
RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 $ 10,93 GAAP operating expenses $ 16,606 $ 17,858 $ 11,837 $ 10,761 $ 6,665 3 Adjustments to non-GAAP operating expenses: Stock-based compensation expense - S&M (320) (173) (207)