NVE Corp Q4 rev +91% to $12.8M, EPS $1.70; FY net income record $22.7M; declares $1.00 dividend

NVE CORP /NEW/

2023-FY EPS reported $4.70 revenue$38,253,592

Q4 total revenue $12.8M, up 91% YoY; net income $8.23M ($1.70 diluted EPS), up 116%.
Fiscal 2023 revenue $38.3M (+42% YoY); net income record $22.7M ($4.70 diluted EPS), +56%.
Product sales increased 95% in Q4 and 44% for the year; contract R&D revenue +10% in Q4.
Quarterly dividend of $1.00/share declared, payable May 31, 2023 to holders of record May 15, 2023.
CEO cites 'record revenue and earnings' for the quarter and fiscal year.

item 2.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

NVE CORP /NEW/ reported the quarter and fiscal year ended March 31, 2023 results: revenue $38.3 million, net income $22.7 million, or $4.70 per diluted share, EPS $4.70 per diluted share.

Period: the quarter and fiscal year ended March 31, 2023
Revenue: $38.3 million
Net income: $22.7 million, or $4.70 per diluted share
EPS: $4.70 per diluted share
Result: reported results

Exact text from the filing

Total revenue for the fourth quarter of fiscal 2023 increased 91% to $12.8 million from $6.72 million for the prior-year quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

NVE CORP /NEW/ reported the quarter and fiscal year ended March 31, 2023 results: revenue $38.3 million, net income $22.7 million, or $4.70 per diluted share, EPS $4.70 per diluted share.

Period: the quarter and fiscal year ended March 31, 2023
Revenue: $38.3 million
Net income: $22.7 million, or $4.70 per diluted share
EPS: $4.70 per diluted share
Result: reported results

Exact text from the filing

For fiscal 2023, total revenue increased 42% to $38.3 million, compared to $27 million in the prior year.

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Source: SEC EDGAR

accession 0001376474-23-000282

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