InvenSense Nearly Triples Net in Q4

InvenSense (NYSE: INVN  ) results for the company's Q4 and fiscal 2013 have been released. For the quarter, revenue was just over $55 million, up by 67% from the $33 million in the same period the previous year. Net income advanced almost three-fold on a year-over-year basis, to land at $13.6 million ($0.15 per diluted share), from Q4 2012's $5.9 million ($0.07).

For the full year, top line was $209 million, an improvement over the 2012 figure of $153 million. Bottom line was more than three times as high, at $51.7 million ($0.59 per diluted share) for the year compared to fiscal 2012's $16.3 million ($0.37).


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