NVE reports Q1 revenue $7.15M (+56%), EPS $0.74; CFO to retire; $1 dividend

NVE CORP /NEW/

2022-Q1 EPS reported $0.74 revenue$7,153,163

Total revenue $7.15M, up 56% YoY; product sales up 60% to $6.95M.
Net income $3.58M ($0.74 diluted EPS) vs. $2.41M ($0.50) prior year.
CFO Curt A. Reynders to retire effective Oct 1, 2021.
Quarterly dividend of $1.00 per share payable Aug 31, 2021 to holders of record Aug 2.

item 2.02 item 5.02 item 8.01

Executive movements

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Departed

Curt A. Reynders

Chief Financial Officer

NVEC · NVE CORP /NEW/

Effective: 2021-10-01
Filed: July 21, 2021, 7:59 PM ET

On July 19, 2021, Curt A. Reynders, our Chief Financial Officer, notified our Board of Directors that he will retire from NVE Corporation effective October 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Curt A. Reynders departed as Chief Financial Officer at NVE CORP /NEW/.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On July 19, 2021, Curt A. Reynders, our Chief Financial Officer, notified our Board of Directors that he will retire from NVE Corporation effective October 1, 2021.

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NVE CORP /NEW/ filing history →

Source: SEC EDGAR

accession 0000724910-21-000021

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