{"schema_version":"secwatch.filing_event.v1","accession":"0001376474-24-000213","form_type":"8-K","ticker":"NVEC","cik":"0000724910","company_name":"NVE CORP /NEW/","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.790238+00:00","generated_at":"2026-06-03T03:30:13.651573+00:00","sec_items":["2.02","8.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NVE Q4 revenue $7.08M (-45%), EPS $0.79; FY revenue $29.8M (-22%); declares $1.00 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001376474-24-000213","json":"https://secwatch.observer/filing/0001376474-24-000213.json","markdown":"https://secwatch.observer/filing/0001376474-24-000213.md","text":"https://secwatch.observer/filing/0001376474-24-000213.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/0001376474-24-000213-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/nvec-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:30:13.651573+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":"4a5214f5cbed862321e3661df514f43d90cd6b42","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/0001376474-24-000213-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and fiscal year ended March 31, 2024"},{"label":"Revenue","value":"$7.08 million"},{"label":"Net income","value":"$3.81 million, or $0.79 per diluted share"},{"label":"EPS","value":"$0.79 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"}