secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001376474-25-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE Q3 revenue down 25% to $5.06M, net income falls 27% to $0.63 EPS; $1.00 dividend declared
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- Q3 total revenue $5.06M, down 25% YoY; product sales fell 22% and contract R&D revenue dropped 74%.
- Q3 net income $3.05M ($0.63 diluted EPS), vs $4.18M ($0.87 EPS) a year ago.
- First nine months revenue $18.6M (-18% YoY); net income $11.2M ($2.31 EPS), down 16%.
- Board approved $1.00 per share quarterly dividend, payable Feb 28, 2025 to holders of record Feb 3, 2025.
- CEO Dan Baker cited challenging industry conditions for the sales decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647425000100/0001376474-25-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647425000100/nvec-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001376474-25-000100

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