NVE reports Q2 revenue up 57% to $10.7M, EPS $1.26 vs $0.75

NVE CORP /NEW/

2023-Q2 EPS reported $2.12 revenue$18,054,231

Total revenue for Q2 FY2023 increased 57% to $10.7M from $6.82M.
Net income increased 67% to $6.09M ($1.26 per diluted share) from $3.65M ($0.75).
First-half revenue rose 29% to $18.1M; net income up 42% to $10.2M ($2.12 per diluted share).
Board declared quarterly dividend of $1.00 per share, payable Nov 30, 2022 to holders of record Oct 31, 2022.
Product sales up 59% in Q2; contract R&D revenue up 5% in Q2.

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