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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • InvenSense Reports $55.9M Quarterly Net Revenue 0 comments
    Aug 12, 2013 10:44 PM | about stocks: INVN

    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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: INVN
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