NVE Q3 revenue down 9% to $6.76M; net income down 1% to $4.18M; declares $1/share dividend

NVE CORP /NEW/

2024-Q3 EPS reported $2.75 revenue$22,720,950

Total revenue for quarter ended Dec 31, 2023: $6.76M, down 9% vs $7.40M prior year. Product sales down 12%; contract R&D up 94%.
Net income $4.18M ($0.87 EPS) vs $4.23M ($0.88 EPS) prior year.
Nine-month revenue $22.7M (down 11%); net income $13.3M ($2.75 EPS) vs $14.5M ($2.99 EPS).
Quarterly cash dividend of $1.00 per share, payable Feb 28, 2024 to holders of record Jan 29, 2024.
CEO cites decrease in defense-related product sales and semiconductor downturn.

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 0.95

NVE CORP /NEW/ reported quarter ended December 31, 2023 results: revenue $6.76 million, net income $4.18 million, EPS $0.87 per diluted share.

Period: quarter ended December 31, 2023
Revenue: $6.76 million
Net income: $4.18 million
EPS: $0.87 per diluted share
Result: reported results

Exact text from the filing

(Nasdaq: NVEC) announced today financial results for the quarter and nine months ended December 31, 2023. Total revenue for the third quarter of fiscal 2024 decreased 9% to $6.76 million from $7.40 million for the prior-year quarter. The decrease was due to a 12% decrease in product sales, partially offset by a 94% increase in contract research and development

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

NVE CORP /NEW/ filing history →

Source: SEC EDGAR

accession 0001376474-24-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.