on IMMERSION (EPA:ALIMR)
Semester Immersion Results for 2023/2024
Immersion has published its results for the first half of the 2023/2024 financial year. The turnover reached 2.77 million euros compared to 3.34 million euros the previous year, with an improvement in the gross margin, which stood at 1.32 million euros.
Operating expenses increased slightly despite inflationary pressures, and the net result was a loss of 0.19 million euros. The company signed 24 licenses for Shariiing 2.0 and launched Studiiio, a hybrid videoconferencing product. Additionally, it won a European project, HEAT, to improve the immersive XR experience.
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