Immersion Posts Q1 Loss

The developer of force-feedback technologies reported revenue of $3.7 million, compared to $4.8 million in income for the same period a year ago. Operating expenses totaled $5.6 million, a 3 percent reduction from the same period last year. Immersion CEO Vic Viegas said he was “disappointed in our performance this quarter,” but pointed optimistically to two recent long-term deals the company has signed.