8-K
filed January 25, 2023, 6:59 PM ET
ticker NVEC
CIK 0000724910
earnings
confidence high
sentiment positive
materiality 0.60
NVE Q3 rev $7.4M (+18% YoY), EPS $0.88 (+22%); declares $1.00/share dividend
NVE CORP /NEW/
2023-Q3 EPS reported
$2.99
revenue$25,455,909
- Q3 total revenue increased 18% to $7.40M; product sales up 22% YoY.
- Net income $4.23M ($0.88 diluted EPS) vs $3.47M ($0.72) in prior-year quarter.
- Nine-month revenue $25.5M (+26%); net income $14.5M ($2.99 EPS) vs $10.7M ($2.21).
- Board declared $1.00 quarterly cash dividend, payable Feb 28, 2023, record Jan 30, 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NVE CORP /NEW/ reported First nine months of fiscal 2023 results: revenue $25.5 million, net income $14.5 million, EPS $2.99.
- Period
- First nine months of fiscal 2023
- Revenue
- $25.5 million
- Net income
- $14.5 million
- EPS
- $2.99
- Result
- reported results
Exact text from the filing
For the first nine months of fiscal 2023, total revenue increased 26% to $25.5 million from $20.3 million for the first nine months of the prior year. The increase was due to a 27% increase in product sales, partially offset by a 13% decrease in contract research and development revenue. Net income increased 35% to $14.5 million, or $2.99 per diluted share, from $10.7 million, or $2.21 per share, for the first nine months of fiscal 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NVE CORP /NEW/ reported Third quarter of fiscal 2023 results: revenue $7.40 million, net income $4.23 million, EPS $0.88.
- Period
- Third quarter of fiscal 2023
- Revenue
- $7.40 million
- Net income
- $4.23 million
- EPS
- $0.88
- Result
- reported results
Exact text from the filing
Total revenue for the third quarter of fiscal 2023 increased 18% to $7.40 million from $6.29 million for the prior-year quarter. The increase was due to a 22% increase in product sales, partially offset by a 46% decrease in contract research and development revenue. Net income for the third quarter of fiscal 2023 increased 22% to $4.23 million, or $0.88 per diluted share, compared to $3.47 million, or $0.72 per share, for the prior-year quarter.
View on SEC.gov
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