NVE Corporation reports recurring developments around its spintronic technology business, which manufactures sensors and couplers used to acquire and transmit data. The company’s updates focus on product sales, contract research and development revenue, quarterly and fiscal-year earnings, and the commercial use of spintronics, a nanotechnology based on electron spin rather than electron charge.
News from NVE also regularly covers scheduled earnings releases and conference calls, along with quarterly cash dividends on its common stock. These announcements provide continuing context for the company’s revenue mix, profitability, and shareholder capital-return actions.
NVE Corporation (Nasdaq: NVEC) will release its financial results for the quarter and six months ended September 30, 2020, on October 21, 2020, after market close. A quarterly conference call will be held on the same day at 4:00 p.m. Central Time, accessible via NVE's Investor Events page. Interested participants must contact NVE Investor Relations by October 19, 2020, to reserve a spot. NVE specializes in the commercialization of spintronics technology, offering high-performance products for data acquisition and transmission.
NVE Corporation (Nasdaq: NVEC) reported a 27% decline in total revenue for Q1 fiscal 2021, reaching $4.59 million, attributed to a 28% drop in product sales. Contract R&D revenue saw a 10% increase. Net income fell by 33% to $2.41 million, or $0.50 per diluted share. Additionally, the company declared a quarterly cash dividend of $1.00 per share, payable on August 31, 2020.
NVE Corporation (Nasdaq: NVEC) will release its financial results for the quarter ended June 30, 2020, on July 22, 2020, post-Nasdaq market close. A quarterly conference call is scheduled for the same day at 4:00 p.m. Central Time, accessible online via NVE’s Investor Events page. Interested participants must contact NVE Investor Relations by July 20, 2020, to reserve a position. NVE specializes in spintronics technology, manufacturing high-performance products like sensors and couplers for data transmission. Forward-looking statements regarding financial performance are subject to risks outlined in SEC filings.
NVE Corporation (Nasdaq: NVEC) reported its financial results for Q4 and the fiscal year ending March 31, 2020. Q4 revenue increased 10% to $6.15 million driven by an 11% rise in product sales, despite a 14% decline in contract research revenue. Net income for Q4 rose 18% to $3.37 million, or $0.69 per diluted share. However, FY 2020 total revenue decreased by 4% to $25.41 million, attributed to a decline in both product sales and contract research revenue. The company announced a quarterly dividend of $1.00 per share, payable on May 29, 2020.
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