Immersion Corp. Reports Q4 2007 Financial Results

                        Immersion Corporation
           Condensed Consolidated Statements of Operations
               (In thousands, except per share amounts)
                             (Unaudited)

                                  Three Months           Years
                               Ended December 31,  Ended December 31,
                                 2007      2006      2007      2006
                               --------- -------- ---------- ---------
Revenues:
  Royalty and license          $  4,019  $ 2,356  $  11,881  $  7,304
  Product sales                   4,242    5,539     18,541    17,083
  Development contracts and
   other                          1,629      714      4,280     3,466
                               --------- -------- ---------- ---------
      Total revenues              9,890    8,609     34,702    27,853
                               --------- -------- ---------- ---------

Costs and expenses:
  Cost of product sales
   (exclusive of amortization
   of intangibles shown
   separately below)              2,275    2,056      8,808     7,193
  Sales and marketing             2,935    3,455     11,493    12,609
  Research and development        2,518    2,184     10,056     7,609
  General and administrative      3,405    2,506     12,567    10,076
  Amortization of intangibles       263      313      1,002       969
  Litigation conclusions and
   patent license                     -     (300)  (134,900)   (1,650)
                               --------- -------- ---------- ---------
      Total costs and expenses   11,396   10,214    (90,974)   36,806
                               --------- -------- ---------- ---------

Operating income (loss)          (1,506)  (1,605)   125,676    (8,953)
Interest and other income
 (expense), net                   1,817     (364)     4,830    (1,327)
                               --------- -------- ---------- ---------

Income (loss) before provision
 for income taxes                   311   (1,969)   130,506   (10,280)

Benefit (provision) for income
 taxes                              200      (13)   (13,488)     (144)
                               --------- -------- ---------- ---------

Net income (loss)              $    511  $(1,982) $ 117,018  $(10,424)
                               ========= ======== ========== =========

Basic net income (loss) per
 share                         $   0.02  $ (0.08) $    4.23  $  (0.42)
                               --------- -------- ---------- ---------

Shares used in calculating
 basic net income (loss) per
 share                           30,253   24,662     27,662    24,556
                               --------- -------- ---------- ---------

Fully diluted net income
 (loss) per share              $   0.02  $ (0.08) $    3.71  $  (0.42)
                               --------- -------- ---------- ---------

Shares used in calculating
 fully diluted net income
 (loss) per share                32,488   24,662     31,667    24,556
                               --------- -------- ---------- ---------


Contact:

Immersion Corporation
Stephen Ambler, +1-408-467-1900
Email Contact



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