NVE Q3 revenue down 4% to $6.29M; EPS $0.72 vs $0.81; declares $1.00 dividend

NVE CORP /NEW/

2022-Q3 EPS reported $2.21 revenue$20,267,433

Q3 total revenue $6.29M, down 4% YoY; product sales down 7%, contract R&D up 86%.
Net income $3.47M ($0.72 diluted EPS) versus $3.93M ($0.81) in prior-year quarter.
Nine-month revenue $20.3M (+31% YoY), net income $10.7M ($2.21 diluted EPS) vs $8.56M ($1.77).
Quarterly cash dividend of $1.00/share declared, payable Feb 28, 2022 to holders of record Jan 31, 2022.
CEO cites supply-chain disruptions delaying product shipments; work-in-process inventories strong.

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