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Exhibit 99.1 Immersion Corporation Reports First Quarter 2021 Results Generated 14 % of revenue growth over first quarter 2020 , positive operating cash flow , and strong profitability Sees continued sequential improvement in revenue and operating income for the remainder of the year Closed the quarter with cash and cash equivalents of over $ 3 per share SAN FRANCISCO , May 6 , 2021 – Immersion Corporation ( NASDAQ : IMMR ) , the leading developer and provider of technologies for haptics , today reported financial results for the first quarter ended March 31 , 2021 . First Quarter Financial Summary : • • • Total revenues of $ 7.2 million , compared to $ 6.3 million in the first quarter of 2020. Royalty and license revenues were $ 7.1 million , compared to $ 6.2 million in the first quarter of 2020 . GAAP operating expenses of $ 4.6 million declined 57 % from $ 10.8 million in the first quarter of 2020. Non - GAAP operating expenses of $ 4.0 million declined 53 % from non - GAAP operating expenses of $ 8.5 million in the first quarter of 2020 . ( See attached table for a reconciliation of GAAP to non - GAAP financial measures . ) GAAP net income was $ 2.0 million , or $ 0.07 per diluted share , compared to GAAP net loss of $ 4.8 million , or $ 0.16 , in the first quarter of 2020 . Non - GAAP net income was $ 2.8 million , or $ 0.10 per diluted share , compared to non - GAAP net loss of $ 2.6 million , or $ 0.08 , in the first quarter of 2020 . As of March 31 , 2021 , cash and cash equivalents totaled $ 102.6 million . Financial Outlook : " The positive financial results that we report today is the result of our team's progress in transforming the business , despite the uncertain environment of COVID 19. With continued disciplined focus on optimizing operating expenses and growing our revenues , Immersion is on a positive trajectory toward improved profitability and cash flow generation , " said Jared Smith , Immersion's Interim CEO . “ Interest in haptics is at an all - time high . We expect that as more consumers experience advanced haptics , we'll see greater adoption of our technology in our core markets , resulting in continued growth for the company . " Recent Business Highlights : Continued adoption of haptics by automotive brands , including the new Cadillac Celestiq and BMW iX , supplied by existing Immersion tier 1 licensees .