InvenSense, Inc. announced that its MPU-6500 MotionTracking SoC is selected for the "Intelligent Headset(TM) ", designed by GN Store Nord to enable hands-free information access and augmented reality in an audio headset. The Intelligent Headset uses the MPU-6500's integrated gyroscope and accelerometer to precisely track head movement, enhance the user experience with dynamic 3D audio and provide direction based on the head's position. Initially launched to the developer community, the Intelligent Headset will be supported by both InvenSense's MotionApps SDK and GN Nord's application programming interface development tools accessing the headset's integrated motion sensors, GPS and 3D audio.

InvenSense, Inc. reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended March 31, 2013. Net revenue for the fourth fiscal quarter of 2013 was $55.2 million, up from $33.1 million for the fourth fiscal quarter of 2012. Net income for the fourth fiscal quarter of 2013 was $13.6 million up from $5.9 million for the fourth fiscal quarter of 2012. Diluted earnings per share for the fourth fiscal quarter of 2013 were $0.15. Diluted earnings per share for the fourth fiscal quarter of 2012 were $0.07. The company reported income from operations of $13,690,000, income before income taxes of $13,850,000 against income from operations of $6,978,000, income before income taxes of $6,950,000 a year ago. Non-GAAP net income allocable to common stockholders was $13,516,000 or $0.15 per diluted share against $6,722,000 or $0.08 a year ago. Net revenue for the fiscal year 2013 was $208.6 million, up from $153.0 million for the fiscal year 2012. Net income for the fiscal year 2013 was $51.7 million, up from $36.9 million for the fiscal year 2012. Diluted earnings per share for the fiscal year 2013 were $0.59. Diluted earnings per share for the fiscal year 2012 were $0.37. The company reported income from operations of $56,658,000, income before income taxes of $57,006,000 against income from operations of $47,014,000, income before income taxes of $47,152,000 a year ago. Non-GAAP net income allocable to common stockholders was $56,388,000 or $0.65 per diluted share against $17,532,000 or $0.40 a year ago. Net cash provided by operating activities was $35,270,000 against $44,422,000 a year ago. Purchase of property and equipment was $5,076,000 against $2,502,000 a year ago.

InvenSense, Inc., Q4 2013 Earnings Call, May 02, 2013