UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of The Securities Exchange Act of 1934
October 28, 2015
Date of Report (date of earliest event reported)
INVENSENSE,
INC.
(Exact name of Registrant as specified in its charter)
|
|
|
|
|
Delaware |
|
001-35269 |
|
01-0789977 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification Number) |
1745 Technology Drive, Suite 200, San Jose, CA 95110
(Address of principal executive offices) (Zip Code)
(408) 501-2200
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 |
Results of Operations and Financial Condition. |
On October 28, 2015, InvenSense, Inc.
(InvenSense) issued a press release regarding InvenSenses financial results for its second quarter of fiscal 2016 ended September 27, 2015. A copy of InvenSenses press release is attached hereto as Exhibit 99.1.
The information contained in this Current Report shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 |
Financial Statements and Exhibits. |
The following exhibits are furnished herewith:
|
|
|
Exhibit
Number |
|
Description |
|
|
99.1 |
|
Text of press release issued by InvenSense, Inc. on October 28, 2015. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
INVENSENSE INC. |
|
|
|
|
Date: October 28, 2015 |
|
|
|
By: |
|
/s/ Mark P. Dentinger |
|
|
|
|
|
|
Mark P. Dentinger, |
|
|
|
|
|
|
Chief Financial Officer |
EXHIBIT INDEX
|
|
|
Exhibit
Number |
|
Description |
|
|
99.1 |
|
Text of press release issued by InvenSense Inc. on October 28, 2015 |
Exhibit 99.1
INVENSENSE® ANNOUNCES SECOND QUARTER OF FISCAL YEAR 2016 RESULTS
SAN JOSE, California, October 28, 2015 InvenSense, Inc. (NYSE: INVN), the leading provider of MEMS sensor platforms, today announced
results for its second quarter of fiscal 2016, ended September 27, 2015.
Net revenue for the second quarter of fiscal 2016 was $112.5 million, up 6
percent from $106.3 million for the first quarter of fiscal 2016, and up 25 percent from $90.2 million for the second quarter of fiscal 2015.
Gross
margin determined in accordance with U.S. generally accepted accounting principles (GAAP) was 41 percent for the second quarter of fiscal 2016, slightly down from 42 percent for the first quarter of fiscal 2016. GAAP gross margin for second quarter
of fiscal 2016 included stock-based compensation and related payroll taxes, and amortization of acquisition intangibles. Excluding these items, non-GAAP gross margin was 44 percent for the second quarter of fiscal 2016, slightly down from 45 percent
for the first quarter of fiscal 2016.
GAAP net income for the second quarter of fiscal 2016 was $5.7 million, or 6 cents per diluted share. By
comparison, GAAP net loss was $5.8 million, or 6 cents per diluted share for the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 included stock-based compensation and related payroll taxes, accreting interest
expense on convertible notes, amortization of acquisition intangibles, certain legal and litigation expenses and the income tax effect of non-GAAP adjustments. Excluding these items, non-GAAP net income for the second quarter of fiscal 2016 was
$14.9 million, or 16 cents per diluted share, compared with $12.6 million, or 14 cents per diluted share, for the first quarter of fiscal 2016.
The
reconciliation between GAAP and non-GAAP financial results for all referenced periods is provided in a table immediately following the Unaudited GAAP Condensed Consolidated Statements of Operations below.
Management Qualitative Comments
Q2 was a solid
quarter in which revenue came in within our expectations, and we outperformed our bottom line guidance, said Behrooz Abdi, president and CEO. We continue to expand our software-enabled sensor platform and are delivering high-value IoT
use cases that provide strategic differentiation and tangible end-user experience enhancements. This is allowing us to drive more content into our current customer base, and also to solidify our 6-axis customer wins. With our success in proving out
real use cases in mobile, we are poised to expand meaningfully to applications spanning a number of vertical markets that offer significant new opportunity for growth and diversification.
Second Quarter of Fiscal Year 2016 Earnings Conference Call
A conference call will be held today at 1:30 p.m. Pacific Time to discuss the quarters results and managements current business outlook.
To listen to the conference call, please dial (877) 788-4691 ten minutes prior to the start of the call, using the passcode 59357002. International
callers, please dial (530) 379-4724. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available for seven days. To access the replay, please dial (855) 859-2056 and enter
passcode 59357002. International callers please dial (404) 537-3406. The conference call will be available via a live webcast on the investor relations section of InvenSenses web site at www.invensense.com/ir. An archived webcast
replay will be available on the web site for three months.
Note Regarding Use of Non-GAAP Financial Measures
As discussed above, in addition to the companys condensed consolidated financial statements, which are presented according to GAAP, the company provides
certain non-GAAP financial information that excludes, stock-based compensation expense, certain legal and litigation expenses, business acquisition costs, contingent consideration adjustment, amortization of acquisition-related intangible assets,
accreting interest expense on convertible notes and other adjustments. The company uses these non-GAAP measures in its own financial and operational decision-making processes. Further, the company believes that these non-GAAP measures offer an
important analytical tool to help investors understand the companys core operating results and trends and facilitate comparability with the operating results of other companies that provide similar non-GAAP measures. These non-GAAP measures
have certain limitations as analytical tools and are not meant to be considered in isolation or as a substitute for GAAP financial information. For example, stock-based compensation is an important component of the companys compensation mix
and will continue to result in significant expenses in the companys GAAP results for the foreseeable future, but it is not reflected in our non-GAAP measures. Also, other companies, including companies in the companys industry, may
calculate non-GAAP financial measures differently, limiting their usefulness as comparative measures.
Forward-Looking Statements
Statements in this press release that are not historical are forward-looking statements as the term is defined in the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or preceded by words such as will, expects, anticipates, or other words that imply or predict a future state.
Forward-looking statements include any projection of revenue, gross margin, expense, earnings, stockholder return or other financial items discussed in this press release, including the strength of our competitive positioning, the strength of design
activity, increased demand for our products and design wins contributing to revenue. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that can cause actual results to differ from those
currently anticipated, due to a number of factors, including without limitation, intense competition in our industry; our achievement of design wins; our dependence on a limited number of customers for a substantial portion of our revenues; the
continued adoption of motion tracking and motion sensing as an interface in consumer electronics products; decreases in average selling prices for our products; our lack of long-term supply contracts and dependence on limited sources of supply;
consumer acceptance of our customers products that incorporate our solutions and our ability to continue to develop and introduce new and enhanced products on a timely basis; as well as changes in economic conditions in our markets and other
risk factors discussed in InvenSenses Annual Report on Form 10-K for the year ended March 29, 2015, subsequent quarterly reports on Form 10-Q, recent current reports on Form 8-K, and other documents filed by us with the Securities and
Exchange Commission (SEC) from time to time. Copies of InvenSenses SEC filings are posted on the companys website and are available from the company without charge. Forward-looking statements are made as of the date of this release, and,
except as required by law, the company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
About InvenSense
InvenSense, Inc. (NYSE: INVN) is the worlds leading provider of MEMS sensor platforms. The companys patented InvenSense Fabrication
Platform and MotionFusion® technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion-, gesture- and
sound-based interfaces. InvenSense technology can be found in Mobile, Wearables, Smart Home, Industrial, and Automotive products. InvenSense is headquartered in San Jose, California and has offices in Boston, China, Taiwan, Korea, Japan, France,
Canada, Slovakia and Italy. More information can be found at www.invensense.com or follow us on Twitter at @InvenSense.
©2015 InvenSense, Inc. All rights reserved. InvenSense, Sensing Everything, FireFly, UltraPrint, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, AAR, and the
InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
For Investor Inquiries, Contact:
Leslie Green
Green Communications Consulting, LLC
650.312.9060
leslie@greencommunicationsllc.com
ir@invensense.com
For Press Inquiries, Contact:
David Almoslino
Senior Director
Marketing and Communications
InvenSense, Inc.
408.501.2278
pr@invensense.com
INVENSENSE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 27, |
|
|
June 28, |
|
|
September 28, |
|
|
|
2015 |
|
|
2015 |
|
|
2014 |
|
Net revenue |
|
$ |
112,545 |
|
|
$ |
106,296 |
|
|
$ |
90,195 |
|
Costs of revenue |
|
|
65,974 |
|
|
|
61,465 |
|
|
|
58,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
46,571 |
|
|
|
44,831 |
|
|
|
31,341 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
24,991 |
|
|
|
20,255 |
|
|
|
21,593 |
|
Selling, general and administrative |
|
|
15,186 |
|
|
|
15,824 |
|
|
|
14,592 |
|
Legal settlement accrual |
|
|
|
|
|
|
11,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
40,177 |
|
|
|
47,787 |
|
|
|
36,185 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations |
|
|
6,394 |
|
|
|
(2,956 |
) |
|
|
(4,844 |
) |
Interest (expense) |
|
|
(2,765 |
) |
|
|
(2,724 |
) |
|
|
(2,620 |
) |
Other income, net |
|
|
104 |
|
|
|
61 |
|
|
|
1,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
|
3,733 |
|
|
|
(5,619 |
) |
|
|
(6,265 |
) |
Income tax provision (benefit) |
|
|
(1,960 |
) |
|
|
228 |
|
|
|
603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
5,693 |
|
|
$ |
(5,847 |
) |
|
$ |
(6,868 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.06 |
|
|
$ |
(0.06 |
) |
|
$ |
(0.08 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
|
$ |
0.06 |
|
|
$ |
(0.06 |
) |
|
$ |
(0.08 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding used in computing net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
91,574 |
|
|
|
91,076 |
|
|
|
88,997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
|
|
92,569 |
|
|
|
91,076 |
|
|
|
88,997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVENSENSE, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(In thousands, except per share amounts)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 27, |
|
|
June 28, |
|
|
September 28, |
|
|
|
2015 |
|
|
2015 |
|
|
2014 |
|
GAAP net income (loss) |
|
$ |
5,693 |
|
|
$ |
(5,847 |
) |
|
$ |
(6,868 |
) |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation expense |
|
|
9,249 |
|
|
|
8,849 |
|
|
|
7,136 |
|
Convertible note accretion interest expense |
|
|
1,999 |
|
|
|
1,958 |
|
|
|
1,856 |
|
Amortization of acquisition-related intangible assets |
|
|
2,254 |
|
|
|
2,034 |
|
|
|
1,628 |
|
Business acquisition costs |
|
|
|
|
|
|
|
|
|
|
1,060 |
|
Legal settlement accrual |
|
|
|
|
|
|
11,708 |
|
|
|
|
|
Patent litigation legal expense, net |
|
|
144 |
|
|
|
1,110 |
|
|
|
477 |
|
Gain on equity investment |
|
|
|
|
|
|
|
|
|
|
(890 |
) |
Write-off of in-process research and development |
|
|
|
|
|
|
|
|
|
|
770 |
|
Contingent consideration adjustment |
|
|
|
|
|
|
(5,307 |
) |
|
|
|
|
Income tax effect of pretax non-GAAP adjustments |
|
|
(4,476 |
) |
|
|
(1,923 |
) |
|
|
(267 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income |
|
$ |
14,863 |
|
|
$ |
12,582 |
|
|
$ |
4,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income (loss) per share of common stock, diluted |
|
$ |
0.06 |
|
|
$ |
(0.06 |
) |
|
$ |
(0.08 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income per share of common stock, diluted |
|
$ |
0.16 |
|
|
$ |
0.14 |
|
|
$ |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Gross profit |
|
$ |
46,571 |
|
|
$ |
44,831 |
|
|
$ |
31,341 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation expense |
|
|
587 |
|
|
|
609 |
|
|
|
646 |
|
Amortization of acquisition-related intangible assets |
|
|
2,198 |
|
|
|
1,978 |
|
|
|
1,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Gross profit |
|
$ |
49,356 |
|
|
$ |
47,418 |
|
|
$ |
33,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Operating Expense |
|
$ |
40,177 |
|
|
$ |
47,787 |
|
|
$ |
36,185 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation expense |
|
|
8,662 |
|
|
|
8,240 |
|
|
|
6,490 |
|
Amortization of acquisition-related intangible assets |
|
|
56 |
|
|
|
56 |
|
|
|
56 |
|
Business acquisition costs |
|
|
|
|
|
|
|
|
|
|
1,060 |
|
Legal settlement accrual |
|
|
|
|
|
|
11,708 |
|
|
|
|
|
Patent litigation legal expense, net |
|
|
144 |
|
|
|
1,110 |
|
|
|
477 |
|
Write-off of in-process research and development |
|
|
|
|
|
|
|
|
|
|
770 |
|
Contingent consideration adjustment |
|
|
|
|
|
|
(5,307 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Operating Expense |
|
$ |
31,315 |
|
|
$ |
31,980 |
|
|
$ |
27,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVENSENSE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
September 27, |
|
|
March 29, |
|
|
|
2015 |
|
|
2015 |
|
Assets |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
70,162 |
|
|
$ |
85,637 |
|
Short-term investments |
|
|
203,221 |
|
|
|
129,919 |
|
Accounts receivable |
|
|
50,434 |
|
|
|
44,522 |
|
Inventories |
|
|
61,684 |
|
|
|
75,105 |
|
Prepaid expenses and other current assets |
|
|
13,143 |
|
|
|
14,950 |
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
398,644 |
|
|
|
350,133 |
|
Property and equipment, net |
|
|
39,091 |
|
|
|
41,849 |
|
Intangible assets, net |
|
|
41,005 |
|
|
|
45,508 |
|
Goodwill |
|
|
139,175 |
|
|
|
139,175 |
|
Other assets |
|
|
14,424 |
|
|
|
9,019 |
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
632,339 |
|
|
$ |
585,684 |
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders Equity |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
34,951 |
|
|
$ |
23,130 |
|
Accrued liabilities |
|
|
43,768 |
|
|
|
31,991 |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
78,719 |
|
|
|
55,121 |
|
Long-term debt |
|
|
146,767 |
|
|
|
142,810 |
|
Other long-term liabilities |
|
|
27,197 |
|
|
|
28,252 |
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
252,683 |
|
|
|
226,183 |
|
|
|
|
|
|
|
|
|
|
Stockholders equity: |
|
|
|
|
|
|
|
|
Preferred stock: |
|
|
|
|
|
|
|
|
Preferred stock, $0.001 par value 20,000 shares authorized, no shares issued and outstanding and outstanding at September 27,
2015 and March 29, 2015 |
|
|
|
|
|
|
|
|
Common stock: |
|
|
|
|
|
|
|
|
Common stock, $0.001 par value 750,000 shares authorized, 92,012 shares issued and outstanding at September 27, 2015, 90,894
shares issued and outstanding at March 29, 2015 |
|
|
283,084 |
|
|
|
262,677 |
|
Accumulated other comprehensive (loss) |
|
|
(102 |
) |
|
|
(4 |
) |
Retained earnings |
|
|
96,674 |
|
|
|
96,828 |
|
|
|
|
|
|
|
|
|
|
Total stockholders equity |
|
|
379,656 |
|
|
|
359,501 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders equity |
|
$ |
632,339 |
|
|
$ |
585,684 |
|
|
|
|
|
|
|
|
|
|
INVENSENSE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 27, |
|
|
June 28, |
|
|
September 28, |
|
|
|
2015 |
|
|
2015 |
|
|
2014 |
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
5,693 |
|
|
$ |
(5,847 |
) |
|
$ |
(6,868 |
) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
3,195 |
|
|
|
3,050 |
|
|
|
2,562 |
|
Amortization of intangible assets |
|
|
2,361 |
|
|
|
2,142 |
|
|
|
1,627 |
|
Non cash interest expense |
|
|
2,000 |
|
|
|
1,958 |
|
|
|
1,856 |
|
Write-off of in-process research and development |
|
|
|
|
|
|
|
|
|
|
770 |
|
Loss on disposal of property and equipment |
|
|
|
|
|
|
|
|
|
|
326 |
|
Gain on equity investment |
|
|
|
|
|
|
|
|
|
|
(890 |
) |
Stock-based compensation expense |
|
|
9,048 |
|
|
|
8,635 |
|
|
|
7,003 |
|
Contingent consideration adjustment |
|
|
|
|
|
|
(5,307 |
) |
|
|
|
|
Deferred income tax assets |
|
|
(1,674 |
) |
|
|
(1,824 |
) |
|
|
27 |
|
Tax effect of employee benefit plans |
|
|
(457 |
) |
|
|
(301 |
) |
|
|
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
(47 |
) |
|
|
(5,865 |
) |
|
|
(29,949 |
) |
Inventories |
|
|
2,807 |
|
|
|
10,614 |
|
|
|
2,502 |
|
Prepaid expenses and other current assets |
|
|
1,154 |
|
|
|
959 |
|
|
|
(1,727 |
) |
Other assets |
|
|
(1,715 |
) |
|
|
(118 |
) |
|
|
(412 |
) |
Accounts payable |
|
|
8,253 |
|
|
|
4,191 |
|
|
|
5,628 |
|
Accrued liabilities |
|
|
2,897 |
|
|
|
12,975 |
|
|
|
8,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
33,515 |
|
|
|
25,262 |
|
|
|
(9,435 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of property and equipment |
|
|
(1,611 |
) |
|
|
(2,342 |
) |
|
|
(9,200 |
) |
Sale and maturities of available-for-sale investments |
|
|
56,478 |
|
|
|
15,365 |
|
|
|
88,141 |
|
Purchase of available-for-sale investments |
|
|
(91,305 |
) |
|
|
(54,427 |
) |
|
|
|
|
Acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
|
|
(71,446 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
|
|
(36,438 |
) |
|
|
(41,404 |
) |
|
|
7,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from exercise of common stock |
|
|
226 |
|
|
|
3,364 |
|
|
|
3,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by financing activities |
|
|
226 |
|
|
|
3,364 |
|
|
|
3,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
|
|
(2,697 |
) |
|
|
(12,778 |
) |
|
|
1,998 |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period |
|
|
72,859 |
|
|
|
85,637 |
|
|
|
36,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
End of period |
|
$ |
70,162 |
|
|
$ |
72,859 |
|
|
$ |
38,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Invensense, Inc. (NYSE:INVN)
Historical Stock Chart
From May 2024 to Jun 2024
Invensense, Inc. (NYSE:INVN)
Historical Stock Chart
From Jun 2023 to Jun 2024