secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001376474-23-000367
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE Q1 revenue up 20% to $8.83M, net income up 6%, declares $1.00 dividend
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- Total revenue $8.83M for June quarter, up 20% YoY; product sales up 23%.
- Net income $4.40M ($0.91 EPS diluted), up 6% from $4.14M ($0.86) prior year.
- Board declares $1.00/share quarterly dividend, payable Aug 31, record Jul 31.
- Contract R&D revenue decreased 50% YoY, partially offsetting product sales growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000367/0001376474-23-000367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000367/nvec-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001376474-23-000367

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