secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001376474-24-000613
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE Q2 revenue down 5% to $6.76M; EPS $0.83 vs $0.98; declares $1.00 dividend
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- Total revenue for Q2 FY2025: $6.76M, down 5% from $7.13M; product sales fell 14%, contract R&D surged 3,950%.
- Net income for Q2: $4.03M ($0.83 diluted EPS) vs $4.72M ($0.98) prior year, down 15%.
- First-half FY2025 revenue: $13.5M (down 15%); net income $8.12M ($1.68 EPS) vs $9.13M ($1.89).
- Board declared quarterly cash dividend of $1.00 per share, payable Nov 29, 2024 to holders of record Nov 4, 2024.
- CEO cited 'solid earnings despite slow industry recovery'; stock ticker NVEC listed on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000613/0001376474-24-000613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000613/nvec-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000613

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