Annual Results Up for Immersion

Immersion, a European player in the field of virtual and augmented reality, reports positive financial results for the financial year 2023/2024. Revenue increased by 7% to €7.04 million, while gross margin increased by 21%, from 40% to 45%.

The launch of the Studiiio product, a hybrid videoconferencing solution, marked this financial year. Operating expenses were contained despite inflation. EBE was positive at €0.02 million, a significant improvement compared to the loss of €0.29 million the previous year. Net income doubled, reaching €0.08 million.

The company has consolidated its financial structure, with a significant reduction in net debt. New research projects, such as HEAT and DIAMOND, enrich its strategic perspectives.