secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0000724910-22-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000072491022000003/0000724910-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000072491022000003/NVE_Q3_FY2022_8K.htm
  HTML page:      https://secwatch.observer/filing/0000724910-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer