[February 03, 2015]

INVESTOR ALERT: Investors of InvenSense, Inc. with Losses of $100,000 or More Are Encouraged to Contact Glancy Binkow & Goldberg LLP

Glancy Binkow & Goldberg LLP reminds investors of InvenSense, Inc. ("InvenSense" or the "Company") (NYSE:INVN) that purchasers of InvenSense common stock between July 29, 2014 and October 28, 2014, inclusive (the "Class Period"), have until March 9, 2015, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Northern District of California.

InvenSense designs, develops and markets micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. The Complaint alleges that defendants made false and/or misleading statements and/or failed to disclose to investors that: (1) the Company had entered into an agreement with Apple, Inc. to supply sensors for the iPhone (News - Alert) 6 and iPhone 6 plus at heavily discounted prices compared to other customers; (2) the low prices charged to Apple, along with low prices carged to Samsung (News - Alert), had, and would continue to, negatively impact the Company's margins; (3) InvenSense encountered manufacturing problems and inefficiencies which negatively impacted margins; (4) the Company lacked a reasonable basis to provide its stated near-term financial guidance or to assure investors that margins would be consistent with historical levels; (5) the Company's Form 10-Q for the first quarter of 2015 failed to disclose then-known trends, events or uncertainties associated with the Company's sales and margins that were reasonably likely to have a material effect on InvenSense's future operating results; and (6), as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's financial performance and outlook during the Class Period.

On October 28, 2014, the Company reported disappointing financial results for its second fiscal quarter ended September 28, 2014, including net revenue of $90.2 million and a net loss of $6.868 million. The Company also reported, among other things, disappointing GAAP gross margins of only 35% and non-GAAP gross margins of 37%, compared with GAAP gross margins of 47% and non-GAAP gross margins of 50% in the first quarter of fiscal 2015.

Following this news, InvenSense shares declined 25%, or $5.40 per share, to a closing price of $16.08 per share on October 29, 2014, on unusually heavy volume.

If you are a member of the Class described above, you may move the Court no later than March 9, 2015, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you suffered losses of $100,000 or more and wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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