Immersion Corporation Reports First Quarter 2009 Results

Immersion Corporation
Condensed Consolidated Balance Sheets
(In thousands)
   
March 31, December 31,
2009 2008
(Unaudited)  

(1)

ASSETS
Cash and cash equivalents $ 36,997 $ 64,769
Short-term investments 43,933 20,974
Accounts receivable, net 4,064 6,829
Inventories, net 4,136 3,396
Deferred income taxes 226 226
Prepaid expenses and other current assets   3,205   3,225
Total current assets 92,561 99,419
 
Property and equipment, net 4,379 3,827
Intangibles and other assets, net   10,358   9,945
 
TOTAL ASSETS $ 107,298 $ 113,191
 
LIABILITIES
Accounts payable $ 2,460 $ 2,842
Accrued compensation 2,248 3,010
Other current liabilities 3,247 3,466
Deferred revenue and customer advances   5,883   5,125
Total current liabilities 13,838 14,443
 
Long-term liabilities and deferred revenue 17,685 16,887
Deferred income tax liabilities 226 226
Other long-term liabilities   217   212
 
TOTAL LIABILITIES 31,966 31,768
 
STOCKHOLDERS’ EQUITY   75,332   81,423

 

TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY

$ 107,298 $ 113,191
 
(1) Derived from Immersion’s annual audited consolidated financial statements.

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