Immersion reports Q1 FY2027 results; BNED consolidation added

Immersion (NASDAQ:IMMR) reported Q1 FY2027 revenue of $294.4M and GAAP net income of $4.9M ($0.17/sh). Non-GAAP net income was $16.6M ($0.50/sh). Operating expenses were $80.4M. The quarter includes consolidation of Barnes & Noble Education following Immersion’s ~32.3% stake (about 11.2M shares) and notes control weaknesses.