secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001753926-23-001368
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000175392623001368/0001753926-23-001368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000175392623001368/g083810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-23-001368

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