{"schema_version":"secwatch.filing_event.v1","accession":"0001376474-24-000039","form_type":"8-K","ticker":"NVEC","cik":"0000724910","company_name":"NVE CORP /NEW/","filed_at":"2024-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.765207+00:00","generated_at":"2026-06-06T22:50:10.985129+00:00","sec_items":["2.02","8.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NVE Q3 revenue down 9% to $6.76M; net income down 1% to $4.18M; declares $1/share dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001376474-24-000039","json":"https://secwatch.observer/filing/0001376474-24-000039.json","markdown":"https://secwatch.observer/filing/0001376474-24-000039.md","text":"https://secwatch.observer/filing/0001376474-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000039/0001376474-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000039/nvec-20240117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:50:10.985129+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1a68e7849fd45c82d0abc603a0bbd95459d1a190","claim":"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.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000039/0001376474-24-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"$6.76 million"},{"label":"Net income","value":"$4.18 million"},{"label":"EPS","value":"$0.87 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}