NVE Q4 revenue $7.08M (-45%), EPS $0.79; FY revenue $29.8M (-22%); declares $1.00 dividend

NVE CORP /NEW/

2024-FY EPS reported $3.54 revenue$29,804,179

Q4 revenue $7.08M (-45% YoY); net income $3.81M ($0.79 EPS) down 54%.
FY2024 revenue $29.8M (-22% YoY); net income $17.1M ($3.54 EPS) down 25%.
Product sales fell 21% in FY; contract R&D revenue decreased 45%.
$1.00/share dividend approved; payable May 31, 2024, record May 13, 2024.
CEO says solid earnings despite semiconductor industry 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 the quarter and fiscal year ended March 31, 2024 results: revenue $7.08 million, net income $3.81 million, or $0.79 per diluted share, EPS $0.79 per diluted share.

Period: the quarter and fiscal year ended March 31, 2024
Revenue: $7.08 million
Net income: $3.81 million, or $0.79 per diluted share
EPS: $0.79 per diluted share
Result: reported results

Exact text from the filing

NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and fiscal year ended March 31, 2024. Total revenue for the fourth quarter of fiscal 2024 decreased 45% to $7.08 million from $12.8 million for the prior-year quarter.

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Source: SEC EDGAR

accession 0001376474-24-000213

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