secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001376474-24-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000039/0001376474-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000039/nvec-20240117.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000039

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