Immersion Corporation · NASDAQ:IMMR

Immersion — Investor Presentation (June 2021)

15 slides from Immersion's investor presentation, Jun 1, 2021

  1. Slide 1: Immersion Corporation Investor Relations Presentation

    IMMERSION Corporation Investor Relations Presentation

  2. Slide 2: Forward-Looking Statements

    © 2021 Immersion Forward-Looking Statements 2 All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including any statements of the plans, strategies, and objectives of management for future operations, and statements regarding pr

  3. Slide 3: Our mission is to develop and expand the use of haptic technology

    © 2021 Immersion Our mission is to develop and expand the use of haptic technology to improve people’s interactions with their digital environment, making it intuitive, engaging, and helpful. We invent, accelerate, and scale haptic experiences across markets where we can provide value. • We build an

  4. Slide 4: Immersion Management Team

    © 2021 Immersion Immersion Management Team Francis Jose General Counsel and SVP, IP Licensing & Legal Affairs Deputy General Counsel and VP of Legal Affairs, Immersion John Griffin VP, Products & Marketing VP, Digital & Interactive Entertainment, Dolby Board Member, Minnetonka Audio Software Chris U

  5. Slide 5: Immersion enables the ecosystem

    Immersion enables the ecosystem OEMS SYSTEM SUPPLIERS COMPONENT PARTNERS ASUS Acer Alps Alpine Bosch Alps Alpine Google Guillemot Continental Faurecia Awinic Microsoft Nintendo Marelli Mitsubishi Electric Dongwoon Panasonic Samsung Nippon Seiki Preh Nidec Sony Razer Stanley Tokai Rika Microchip Toyo

  6. Slide 6: Our Target Markets

    © 2021 Immersion Our Target Markets 6 GAMING / VRAUTOMOTIVE MOBILE

  7. Slide 7: Automotive Use Cases

    © 2021 Immersion Automotive Use Cases Touchscreen Center Console HVAC Control Arm Rest Seat Pedal Steering Wheel Opportunity to scale intuitive touch experiences in automotive HMI and enhance safety Investing in reference designs, firmware, and support to: • Accelerate market adoption of advanced ha

  8. Slide 8: Success of the PlayStation is a driving force behind a resurgence of advanced haptic feedback

    © 2021 Immersion Success of the PlayStation 5 is a driving force behind a resurgence of advanced haptic feedback “The PS5’s new controller is amazing” “The haptics steal the show” “Forget better loading speeds, shiny graphics, and more processing power, the DualSense PS5 controller is what makes the

  9. Slide 9: Mobile

    © 2021 Immersion Mobile Grow revenue and future opportunity in China through partner program and mobile standards for haptics 9 • Established low friction license channel with haptic component suppliers • Standards being developed by MPEG, IEEE, ATSC will drive proliferation of haptics • Interest fr

  10. Slide 10: Financial overview

    © 2021 Immersion Financial overview

  11. Slide 11: Recent quarterly performance

    © 2021 Immersion Recent quarterly performance Streamlined cost structure positions us for improved profitability • Q1-2021 revenues grew 14% over Q1-2020 revenues. (Q1 seasonally lowest revenues) • Recurring revenues trending above 95% • Non-GAAP Opex down 76% from Q2-2019 to Q1-2021 • On track to d

  12. Slide 12: YaTAt-tave

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  13. Slide 13: Appendix

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  14. Slide 14: Reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income (Loss)

    © 2021 Immersion Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 GAAP net income (loss) $ (8,620) $ (1,387) $ 979 $ (4,828) $ (712) $ 2,855 $ 8,086 $ 2,036 Add: (Provision) benefit for income taxes (3) 88 271 52 41 (96) (2,239) 141 Less: Non-GAAP provision for income taxes (13) (90)

  15. Slide 15: Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses

    © 2021 Immersion RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES 15 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 GAAP operating expenses $ 17,858 $ 11,837 $ 10,933 $ 10,761 $ 6,665 $ 4,979 $ 5,663 $ 4,637 Adjustments to non-GAAP operating expenses: Stock-b

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