Last $25.22 USD
Change Today +0.22 / 0.88%
Volume 991.0K
INVN On Other Exchanges
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As of 12:54 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

invensense inc (INVN) Snapshot

Open
$25.00
Previous Close
$25.00
Day High
$25.51
Day Low
$24.81
52 Week High
07/24/14 - $26.78
52 Week Low
10/30/13 - $15.20
Market Cap
2.2B
Average Volume 10 Days
2.2M
EPS TTM
$0.03
Shares Outstanding
88.9M
EX-Date
--
P/E TM
856.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for INVENSENSE INC (INVN)

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invensense inc (INVN) Details

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. The company delivers motion interface solutions based on its multi-axis technology that target smartphones and tablets, console and portable video gaming devices, digital still and video cameras, smart TVs, navigation devices, toys, and health and fitness accessories. It offers MEMS motion sensors, such as gyroscopes, accelerometers, compasses, and pressure sensors, as well as microphones. Its products include 6-axis MotionTracking System-on-a-Chip (SoC) devices for handheld and wearable consumer electronics products; ICM-20728 device, a 7-axis MotionTracking SoC device that combines 3-axis gyroscope, 3-axis accelerometer, and pressure sensor in the same silicon die; and the third generation of Digital Motion Processor (DMP) to process complex 9-axis MotionFusion algorithms. The company also offers ICS-40310, ICS-40720, ICS-40160 microphone devices. InvenSense, Inc. sells its products to manufacturers of consumer electronics devices, original design manufacturers, and contract manufacturers through a direct sales organization and indirect channel of distributors internationally. The company was founded in 2003 and is headquartered in San Jose, California.

476 Employees
Last Reported Date: 05/29/14
Founded in 2003

invensense inc (INVN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $400.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $279.6K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $168.3K
Corporate Controller
Total Annual Compensation: $200.4K
Vice President of Engineering and New Product...
Total Annual Compensation: $250.6K
Compensation as of Fiscal Year 2014.

invensense inc (INVN) Key Developments

InvenSense, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-11-2014 02:00 PM

InvenSense, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-11-2014 02:00 PM. Venue: The Sonnenalp Hotel, 20 Vail Road, Vail, CO 81657, United States.

InvenSense, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 29, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015 and Full Fiscal Year 2015

InvenSense, Inc. announced unaudited consolidated earnings results for the first quarter ended June 29, 2014. For the quarter, the company’s net revenue for the first quarter fiscal 2015 was $66.681 million, up from $55.910 million for the first quarter fiscal 2014. Loss from operations was $2.150 million against income from operations of $12.050 million a year ago. Loss before income taxes was $4.553 million against income before income taxes of $12.130 million a year ago. Net loss for the first quarter fiscal 2015 was $4.832 million, compared to net income of $10.322 million for the first quarter fiscal 2014. Diluted loss per share for the first quarter fiscal 2015 was $0.05 compared to diluted earnings per share of $0.12 for the first quarter fiscal 2014. Non-GAAP net income was $7.042 million or $0.08 per diluted share against $12.656 million or $0.14 per diluted share a year ago. Net cash provided by operating activities was $6.686 million against $6.393 million a year ago. Purchase of property and equipment was $8.424 million against $3.954 million a year ago. The company provided earnings guidance for the second quarter of fiscal 2015 and full fiscal year 2015. For the second quarter of fiscal 2015, the company expects fiscal 2015 second quarter revenue to be in a range of $86 million to $91 million. To support this second quarter fiscal 2015 revenue outlook, the company currently have backlog in place, representing a majority of this total current quarter revenue target. This second quarter fiscal 2015 outlook estimates reflect only a partial quarter estimate of the related revenue opportunities as these new product opportunities, with both United States-based and China-based OEMs, are only expected to be in production for part of its fiscal second quarter 2015. Therefore, these new product opportunities can contribute significant additional amounts of revenue when in production for its entire fiscal third quarter period. In second quarter, on a non-GAAP basis, the company expects operating expenses of $27.3 million, comprising of $17.5 million for R&D and $9.8 million for SG&A. On a GAAP basis, the company expects operating expenses of approximately $35.2 million made up of $20.7 million for R&D and $14.5 million for SG&A. The company expects the current quarter operating margin in a range around approximately 20% on a non-GAAP basis and in a potential range around 8% on a GAAP basis. All operating expense expectations include the anticipated impacts of planned company engineering headcount additions and the addition of Movea-related personnel since that transaction is closing and TPI-related personal before quarter's end. The company expects a non-GAAP tax rate of approximately 15% and, therefore, earnings per share of approximately $0.15 to $0.16 per share on a non-GAAP basis, excluding litigation expenses acquired, acquisition-related expenses, convertible note accretion expense and stock compensation expense. The company expects a GAAP income tax rate in the range of 13% to 15% and, therefore, GAAP basis net income per share in a range around $0.05 per share, primarily depending upon levels of revenue achieved. With respect to the fiscal year 2015 business opportunity, the company believes that its markets continue to offer significant opportunity for growth. Historically, net unit sales growth has been approximately 50% or more per year, with net average selling price erosion partially offsetting the effect of unit sales growth. Given the dynamics of the markets the company serve and considering business outlook factors included in this call, the company continues to believe that for its fiscal year 2015, the company is are well positioned to achieve a year-over-year revenue growth rate at/or above the high end of the 25% to 35% range provided in the previous financial conference call. The company expects full year R&D expense in fiscal year 2015 on a non-GAAP basis to be approximately in a range around 17% of its fiscal year 2015 sales and SG&A on a non-GAAP basis approximating a range around 10% of fiscal year 2015 sales. For capital spending, in fiscal 2015, the company expects investment in property, plant and equipment of approximately $20 million. For fiscal year 2015, the company expects a non-GAAP tax rate of approximately 15% and a full year GAAP tax rate of approximately 13% and, therefore, earnings per share in a range around $0.80 per share on a non-GAAP basis and on a GAAP basis, the company expects earnings per share in a range around $0.35 per share.

R. Douglas Norby Resigns from Board of Directors of Invensense

On July 16, 2014, Mr. R. Douglas Norby resigned from the board of directors of InvenSense, Inc. due to other professional demands, effective as of July 16, 2014.

 

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