Originally published at www.seclive.com
Filing in Focus: InvenSense 10-Q, August 9, 2013
InvenSense, Inc. (NYSE:INVN) announced its financial results for the first quarter of its 2014 fiscal year, reporting net revenues of $55.9M, a marked improvement of 43% for its first quarter revenues last year of $39.2M. Net income was up from $7.7M this quarter last year to $10.3M, with earnings per share increasing from $0.09 to $0.12 per share. The company generates its revenue through the sale of its MotionTracking devices, which it markets and sells to a variety of consumer electronic device manufacturers, including companies such as Sony, Samsung, Nintendo, and several others. By market, smartphone and tablet devices comprise 77% of net revenue, gaming accounts for 3%, and optical image stabilization and other accounts for 20% of InvenSense net revenue.
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