InvenSense (INVN), still a long way from last year's highs, spikes 15.5% premarket after its Q4...

|About: InvenSense (INVN)|By:, SA News Editor

InvenSense (INVN), still a long way from last year's highs, spikes 15.5% premarket after its Q4 results beat estimates. Net revenue and net income for Q4 and for FY13 both rose markedly over the prior year and the company ended its fiscal year with $200.3M in cash versus $157.8M at the end of FY2012. "We deliver[ed] above the higher end of our stated revenue outlook for Q4 [and] our customer design pipeline for FY14 continued to expand significantly across all … products," notes CEO Behrooz Abdi. (PR)