---
schema_version: "secwatch.filing_event.v1"
accession: "0000724910-22-000021"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:48:04.063900+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NVE Q1 FY2023 revenue up 3% to $7.34M; net income +16% to $0.86 diluted EPS

## Summary
- Revenue $7.34M (+3% YoY); net income $4.14M ($0.86 EPS) vs $3.58M ($0.74 EPS) in prior-year quarter.
- Board approves $1.00/share quarterly cash dividend payable Aug 31, 2022 to holders of record Aug 1, 2022.
- CEO Daniel Baker cites strong earnings growth for the quarter.
- No guidance or outlook provided in the release.

## SEC filing metadata
- accession: 0000724910-22-000021
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000072491022000021/0000724910-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000072491022000021/NVE_Q1_FY2023_8K.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000724910-22-000021
- JSON: https://secwatch.observer/filing/0000724910-22-000021.json
- Plain text: https://secwatch.observer/filing/0000724910-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.