Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today reported financial results for the third quarter ended September 30, 2016. Total revenues for the third quarter of 2016 were $26.3 million, an increase of 84% compared to $14.3 million for the third quarter of 2015. Total revenues for the third quarter of 2016 include recognition of a non-recurring license fee from Samsung of $19.0 million, as previously disclosed. Royalty and license revenues of $26.0 million for the third quarter of 2016 were up 87% from the same period last year. Net income for the third quarter of 2016 was $7.0 million, or $0.24 per basic and diluted share. This compares to net income of $184,000, or $0.01 per basic and diluted share, for the third quarter of 2015. Net income for the third quarter of 2016 includes a tax provision of $3.8 million that includes certain non-cash tax benefits and expenses associated with our international tax structure. Non-GAAP net income for the third quarter of 2016 was $9.9 million, or $0.34 per diluted share, compared with non-GAAP net income of $2.2 million, or $0.08 per diluted share, for the third quarter of 2015. (See attached table for a reconciliation of GAAP to non-GAAP financial measures.) As of September 30, 2016, Immersion's cash, cash equivalents and short term investments were $94.9 million, up from $56.3 million as of June 30, 2016. During the September quarter, the Company used $729,000 to buy back approximately 106,000 shares of its common stock under its stock repurchase program. Management Commentary "We exited the quarter with a strong balance sheet and positive momentum as we expanded our customer base across the markets we serve. The opportunities in front of us continue to increase as haptics is being more broadly adopted than ever, across existing markets as well as new and emerging areas. Immersion's foundation of innovation and the strength of our patent portfolio makes us uniquely positioned to lead and succeed in this market," said Vic Viegas, chief executive officer of Immersion. "As we enter the fourth quarter, we continue to expect 2016 revenues to be in the range of $55 to $65 million, which we now anticipate generating bottom line results of a net loss between $11 million and $800,000 and between a non-GAAP net loss of $6 million and non-GAAP net income of $4 million."