NVE Q2 revenue falls 33% to $7.13M; EPS drops to $0.98 from $1.26; $1.00 dividend declared

NVE CORP /NEW/

2024-Q2 EPS reported $1.89 revenue$15,964,690

Total revenue for Q2 FY2024 was $7.13M, down 33% from $10.7M YoY; product sales down 32%, contract R&D down 92%.
Net income for Q2 was $4.72M ($0.98 diluted EPS) vs $6.09M ($1.26 EPS) in prior-year quarter.
For H1 FY2024, total revenue $16.0M (-12% YoY), net income $9.13M ($1.89 EPS) vs $10.2M ($2.12 EPS).
Board declared a $1.00/share quarterly cash dividend, payable Nov 30, 2023 to holders of record Oct 30, 2023.

item 2.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NVE CORP /NEW/ reported the quarter ended September 30, 2023 results: revenue $7.13 million, net income $4.72 million, or $0.98 per diluted share, EPS $0.98 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $7.13 million
Net income: $4.72 million, or $0.98 per diluted share
EPS: $0.98 per diluted share
Result: reported results

Exact text from the filing

Total revenue for the second quarter of fiscal 2024 decreased 33% to $7.13 million from $10.7 million for the prior-year quarter.

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Source: SEC EDGAR

accession 0001753926-23-001368

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