NVE Corporation Reports Fourth Quarter and Fiscal Year Results and Announces Quarterly Dividend

About this update from Nve Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":5490,"height":1273,"url":"https://media.zenfs.com/en/business-wire.com/bc323b9fa8efbfb44d3453b8412f6290"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Y6itRm94Cr6MdDcS.FJ6uA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIyMztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/bc323b9fa8efbfb44d3453b8412f6290","width":960,"height":223},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/WUfETYfZhbhCwn7zPifGtw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD01NTY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/bc323b9fa8efbfb44d3453b8412f6290","width":1200,"height":278}},"lazy":false},{"type":"text","content":"EDEN PRAIRIE, Minn., May 07, 2025--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and fiscal year ended March 31, 2025.","length":170,"tagName":"p"},{"type":"text","content":"Total revenue for the fourth quarter of fiscal 2025 increased 3% to $7.27 million from $7.08 million for the prior-year quarter. The increase was due to a 558% increase in contract research and development revenue, partially offset by a 1% decrease in product sales. Net income for the fourth quarter of fiscal 2025 increased 2% to $3.89 million, or $0.80 per diluted share, compared to $3.81 million, or $0.79 per diluted share, for the prior-year quarter.","length":457,"tagName":"p"},{"type":"text","content":"For fiscal 2025, total revenue decreased 13% to $25.9 million, compared to $29.8 million in the prior year. The decrease was due to a 16% decrease in product sales, partially offset by a 112% increase in contract research and development revenue. Net income for fiscal 2025 decreased 12% to $15.1 million, or $3.11 per diluted share, from $17.1 million, or $3.54 per share, for fiscal 2024.","length":390,"tagName":"p"},{"type":"text","content":"The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable May 30, 2025 to shareholders of record as of May 19, 2025.","length":171,"tagName":"p"},{"type":"text","content":""We’re pleased to report year-over-year and sequential revenue and earnings growth for the quarter," said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.","length":180,"tagName":"p"},{"t...

More updates from Nve Corporation