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Jun 30, 2023
NVE Q1 2024 Earnings Report
NVE reported an increase in revenue and net income for Q1 2024.
Key Takeaways
NVE Corporation reported a 20% increase in total revenue to $8.83 million for the first quarter of fiscal 2024, driven by a 23% increase in product sales. Net income increased by 6% to $4.40 million, or $0.91 per diluted share.
Total revenue increased by 20% compared to the prior-year quarter.
Product sales increased by 23% year-over-year.
Net income increased by 6% compared to the prior-year quarter.
The company declared a quarterly cash dividend of $1.00 per share.
Revenue by Segment
Forward Guidance
Forward-looking statements are subject to risks and uncertainties, including reliance on large customers, economic environments, future sales and revenues, credit losses, and stock repurchases and dividend payments.
Challenges Ahead
- Reliance on several large customers for a significant percentage of revenue
- Uncertainties related to the economic environments in the industries served
- Uncertainties related to future sales and revenues
- Risks of credit losses
- Risks and uncertainties related to future stock repurchases and dividend payments
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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