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NVE Corporation (Nasdaq: NVEC) is a pioneering company in the domain of spintronics, a cutting-edge nanotechnology that leverages electron spin rather than electron charge to acquire, store, and transmit information. Headquartered in Eden Prairie, Minnesota, NVE specializes in manufacturing high-performance spintronic products, including sensors and couplers, which are integral in industrial, scientific, and medical applications.
The company's product line boasts a diverse array of sensors and isolators such as Digital Sensors, Medical Sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog Sensors, MSOP Isolators, and Passive-In Transceivers. These products are built on the principles of giant magnetoresistance (GMR) and tunneling magnetoresistance (TMR) combined with integrated circuitry, making them smaller, more precise, faster, and more durable than conventional devices.
NVE's innovations have earned numerous awards for their exceptional performance and reliability. The company's continued investment in research and development ensures that it remains at the forefront of spintronic technology, offering state-of-the-art solutions for data acquisition and transmission.
Recent Achievements:
- On July 12, 2023, NVE announced its financial results for the quarter ended June 30, 2023, highlighting robust financial health and a promising outlook.
- On October 11, 2023, the company disclosed its financial performance for the quarter ended September 30, 2023, demonstrating consistent growth and stability.
- On January 10, 2024, NVE revealed its financial outcomes for the quarter ended December 31, 2023, indicating sustained success.
- On April 24, 2024, the company announced the financial results for the quarter and fiscal year ended March 31, 2024, showcasing its overall annual performance.
As a leader in the practical commercialization of spintronics, NVE remains committed to advancing technology and delivering high-quality products to its clients. The company's financial stability, ongoing projects, and partnerships underscore its significant role in the industry.
NVE (NVEC) reported financial results for Q3 fiscal 2025. Total revenue decreased 25% to $5.06 million compared to $6.76 million in the prior-year quarter, attributed to a 22% decline in product sales and a 74% drop in contract research and development revenue.
Net income fell 27% to $3.05 million, or $0.63 per diluted share, versus $4.18 million ($0.87 per share) in the prior-year quarter. For the first nine months of fiscal 2025, total revenue decreased 18% to $18.6 million, while net income declined 16% to $11.2 million ($2.31 per diluted share).
The company declared a quarterly dividend of $1.00 per share, payable February 28, 2025, to shareholders of record as of February 3, 2025.
NVE (NVEC) has announced its plans to release financial results for the quarter ended December 31, 2024, on Wednesday, January 22, 2025, after the Nasdaq Regular Market closes. The company will host a quarterly conference call at 4:00 p.m. Central Time on the same day.
The conference call will be available as a live webcast in listen-only mode through NVE's Website Investor Events page, with an archive of the call being made available afterward. Participants can dial 855-552-4463 (U.S.) or 312-479-9427 (international) with Meeting ID 7749 14 3539 to join the call. Questions can be submitted by either dialing in or logging into the provided AWS Chime link.
NVE Corporation (Nasdaq: NVEC) will release its financial results for the quarter and fiscal year ended March 31, 2023, on May 3, 2023, after the Nasdaq market closes. The company will host a conference call on the same day at 4:00 p.m. Central Time, available via live webcast on NVE’s Investor Events page. The call will provide insights on the company's performance related to its innovative spintronic products, which focus on utilizing electron spin for data transmission and storage. Forward-looking statements in the release note potential risks associated with future performance and plans, emphasizing the importance of reviewing SEC filings for detailed risk factors.
NVE Corporation (Nasdaq: NVEC) will release its financial results for the quarter and nine months ended December 31, 2022, on January 25, 2023, after market close. A quarterly conference call will follow at 4:00 p.m. Central Time, available for live listening via the Investor Events page on NVE's website. NVE is recognized for its advancements in spintronics, focusing on the commercialization of this nanotechnology for data acquisition, storage, and transmission through high-performance products including sensors and couplers. Future financial results may be subject to risks and uncertainties outlined in SEC filings.
NVE Corporation (Nasdaq: NVEC) will release its financial results for the quarter ended September 30, 2022, on October 19, 2022, after market close. The quarterly conference call is scheduled for the same day at 4:00 p.m. Central Time, and will be available via webcast on NVE's Investor Events webpage. NVE specializes in spintronics, utilizing electron spin for data acquisition, storage, and transmission. The company manufactures advanced spintronic products like sensors and couplers.
NVE Corporation (Nasdaq: NVEC) will release its financial results for Q2 2022 on July 20, 2022, after market close. A conference call is scheduled for the same day at 4:00 p.m. Central Time, which will be available for live streaming on the company's website. NVE specializes in spintronics, a nanotechnology that leverages electron spin for data acquisition and transmission. The company warns that forward-looking statements regarding financial performance carry risks and uncertainties, referencing potential impacts from SEC filings.
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