---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-24-000322"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:19:30.841212+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NVE reports Q1 revenue down 23% to $6.78M, EPS $0.85 vs $0.91 prior year

## Summary
- Total revenue $6.78M, down 23% YoY; product sales fell 24%, contract R&D up 28%.
- Net income $4.10M ($0.85 diluted EPS) vs $4.40M ($0.91) prior year, down 7%.
- Board approved $1.00 per share quarterly dividend, payable Aug 30, record July 29.
- CEO cites solid earnings despite challenging industry environment.

## SEC filing metadata
- accession: 0001376474-24-000322
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000137647424000322/0001376474-24-000322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647424000322/nvec-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-24-000322
- JSON: https://secwatch.observer/filing/0001376474-24-000322.json
- Plain text: https://secwatch.observer/filing/0001376474-24-000322.txt

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