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Wednesday August 08, 2012
InvenSense: 3-D tracking
by Jim Oberweis, Jr., editor he Oberweis Report  InvenSense, Inc. (INVN) is a global market leader in motion interface devices that detect and track an object’s motion in three-dimensional space. The company’s MotionTracking devices combine micro-electro-mechanical system (MEMS) based motion sensors, such as accelerometers and gyroscopes, with mixed-signal integrated circuits (ICs) and proprietary algorithms. The company differentiates its products by its small form factor, high level of integration, performance, reliability and cost effectiveness. While these solutions have broad applicability across consumer, industrial, military and other industry verticals, the company currently targets consumer electronics such as smartphones, console and portable video gaming devices, tablets, digital still and video cameras, and smart TVs. We anticipate that there may be a near-term opportunity for InvenSense’s products in smartphones and tablet devices, and in particular devices that are enabled by the Android operating system. In the company’s latest reported first quarter, sales increased approximately 10% to $39.2 million from $35.6 million in the first quarter of last year. InvenSense reported net income of $7.7 million in the latest reported first quarter versus $2.2 million in the same quarter of last year. While sales growth was modest last quarter, we expect sales growth in excess of 30% year/year in the upcoming September quarter. Clients of Oberweis Asset Management own approximately 102,000 shares. These shares may be appropriate for risk oriented investors. Learn more about this financial newsletter at Jim Oberweis, Jr.'s The Oberweis Report. Related articles: 
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