---
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"
generated_at: "2026-06-03T03:30:13.651573+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-24-000213
- JSON: https://secwatch.observer/filing/0001376474-24-000213.json
- Plain text: https://secwatch.observer/filing/0001376474-24-000213.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/0001376474-24-000213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.