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Dec 31, 2023
NVE Q3 2024 Earnings Report
NVE's Q3 2024 earnings decreased due to a decline in product sales, partially offset by an increase in contract research and development revenue.
Key Takeaways
NVE Corporation reported a decrease in total revenue for the third quarter of fiscal year 2024, with a slight decrease in net income. The decrease in revenue was primarily due to decreased product sales, although this was partially offset by increased contract research and development revenue. The company declared a quarterly dividend of $1.00 per share.
Total revenue decreased by 9% to $6.76 million compared to the prior-year quarter.
Product sales decreased by 12%, while contract research and development revenue increased by 94%.
Net income decreased slightly by 1% to $4.18 million, or $0.87 per diluted share.
A quarterly cash dividend of $1.00 per share was declared.
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 dividend payments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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