secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001376474-24-000322
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000322/0001376474-24-000322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000322/nvec-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000322

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