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Mar 31, 2024
NVE Q4 2024 Earnings Report
Reported a decrease in revenue and net income due to reduced product sales and contract research and development revenue.
Key Takeaways
NVE Corporation reported a decrease in total revenue by 45% to $7.08 million for the fourth quarter of fiscal year 2024, compared to $12.8 million in the prior-year quarter. Net income decreased by 54% to $3.81 million, or $0.79 per diluted share, compared to $8.23 million, or $1.70 per diluted share, for the prior-year quarter.
Total revenue decreased by 45% to $7.08 million.
Product sales decreased by 43%.
Contract research and development revenue decreased by 88%.
Net income decreased by 54% to $3.81 million, or $0.79 per diluted share.
NVE
NVE
NVE Revenue by Segment
Revenue by Segment
Product sales Revenue
CapyFin.comContract research and development Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements that are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income