secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001376474-23-000282
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/0001376474-23-000282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/nvec-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001376474-23-000282

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