secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001376474-24-000213
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/0001376474-24-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000213/nvec-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000213

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