Immersion Corporation Reports Third Quarter 2006 Financial Results

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

                                    Three Months       Nine Months
                                  Ended September    Ended September
                                         30,                30,
                                   2006     2005     2006      2005
                                 --------- -------- -------- ---------
Revenues:
     Royalty and license         $  1,336  $ 1,473  $ 4,948  $  6,273
     Product sales                  4,261    3,376   11,544     9,328
     Development contracts and
      other                           962      538    2,752     1,804
                                 --------- -------- -------- ---------
          Total revenues            6,559    5,387   19,244    17,405
                                 --------- -------- -------- ---------

Costs and expenses:
  Cost of product sales
   (exclusive of amortization of
   intangibles shown separately
   below)                           1,980    1,756    5,137     4,808
  Sales and marketing               3,068    2,679    9,154     8,576
  Research and development          1,894    1,446    5,425     4,483
  General and administrative        2,463    3,073    7,570     7,557
  Amortization of intangibles         227      314      656     1,050
  Litigation settlement              (300)        -  (1,350)        -
  Restructuring                         -        -        -       185
                                 ------------------ -------- ---------
          Total costs and
           expenses                 9,332    9,268   26,592    26,659
                                 --------- -------- -------- ---------

Operating loss                     (2,773)  (3,881)  (7,348)   (9,254)
Interest and other income
 (expense), net                      (340)    (265)    (963)     (756)
                                 --------- -------- -------- ---------

Loss before provision for income
 taxes                             (3,113)  (4,146)  (8,311)  (10,010)

Provision for income taxes            (44)     (12)    (131)     (110)
                                 --------- -------- -------- ---------

Net loss                         $ (3,157) $(4,158) $(8,442) $(10,120)
                                 ========= ======== ======== =========

Basic and diluted net loss per
 share                           $  (0.13) $ (0.17) $ (0.34) $  (0.42)
                                 --------- -------- -------- ---------

Shares used in calculating basic
 and diluted net loss per share    24,590   24,132   24,519    23,950
                                 --------- -------- -------- ---------

                        Immersion Corporation
                   Additional Financial Information
Effect of Non Cash Stock-Based Compensation included within Condensed
                 Consolidated Statement of Operations
                            (In thousands)
                             (Unaudited)


                                                                      Three  Months
                                        Three                                                ended              Three
                                        Months            Non  Cash              September          Months
                                          ended          Stock-Based          30,  2006,            ended
                                      September      Compensation      exclusive  of    September
                                      30,  2006,          included            Non  Cash          30,  2005,
                                            as                    within            Stock-Based            as
                                        reported            expense          Compensation      reported
                                    -----------  --------------  -------------  -----------

Costs  and  expenses
      Cost  of  product
        sales                  $        1,980    $                    17    $            1,963    $        1,756
      Sales  and
        marketing                    3,068                        305                  2,763              2,679
      Research  and
        development                1,894                        122                  1,772              1,446
      General  and
        administration          2,463                        280                  2,183              3,073
      Other,  net                        (73)                          -                      (73)                314
                                    -----------  --------------  -------------  -----------

Total  costs  and
  expenses                  $        9,332    $                  724    $            8,608    $        9,268
                                    ===========  ==============  =============  ===========



                                                                                          Nine  Months
                                                                                                  ended
                                    Nine  Months      Non  Cash              September      Nine  Months
                                          ended          Stock-Based          30,  2006,            ended
                                      September      Compensation      exclusive  of    September
                                      30,  2006,          included            Non  Cash          30,  2005,
                                            as                    within            Stock-Based            as
                                        reported            expense          Compensation      reported
                                    -----------  --------------  -------------  -----------

Costs  and  expenses
      Cost  of  product
        sales                  $        5,137    $                    54    $            5,083    $        4,808
      Sales  and
        marketing                    9,154                        887                  8,267              8,576
      Research  and
        development                5,425                        372                  5,053              4,483
      General  and
        administration          7,570                        828                  6,742              7,557
      Other,  net                      (694)                          -                    (694)            1,235
                                    -----------  --------------  -------------  -----------

Total  costs  and
  expenses                  $      26,592    $              2,141    $          24,451    $      26,659
                                    ===========  ==============  =============  ===========


We  adopted  Statement  of  Financial  Accounting  Standards  No.  123R
  "Share-Based  Payment"  effective  January  1,  2006  and  are  required  to
  recognize  expense  on  our  share-based  payments  from  January  1,  2006.
  Our  Consolidated  Statement  of  Operations  prior  to  January  1,  2006
  does  not  include  expense  associated  with  share-based  payments.  We
  have  included  the  above  information  to  assist  in  comparing  our
  operating  expenses  to  prior  periods.
 






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