NVE Corporation
Description
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion and industrial Internet of Things (IIoT) markets; and DC-to-DC convertors for use in power conversion systems and industrial networks for the IIoT. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
About
CEO
Dr. Daniel A. Baker Ph.D.
Employees
46
Instrument type
Common Stock
Sector
Technology
Industry
Semiconductors
MIC code
XNCM
Address
11409 Valley View Road, Eden Prairie, MN 55344-3617, United States
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Oscillators
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Summary
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Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 20, 2026 | — | — | — | — |
| Oct 22, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| May 3, 2023 | — | 1.70 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 29.80M | 38.25M | 26.99M | 21.37M | 25.41M |
| Cost of revenue | 6.77M | 8.06M | 6.26M | 4.12M | 4.89M |
| Gross profit | 23.03M | 30.19M | 20.72M | 17.24M | 20.52M |
| Operating expense | |||||
| Research & development | 2.73M | 2.58M | 2.93M | 3.18M | 3.69M |
| Selling general and admin | 1.77M | 1.96M | 1.47M | 1.32M | 1.32M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 18.52M | 25.64M | 16.33M | 12.74M | 15.51M |
| Non operating interest income | |||||
| Income | 1.95M | 1.45M | 1.17M | 1.50M | 1.79M |
| Expense | — | — | — | — | — |
| Other income expense | -9,514 | — | — | — | — |
| Pretax income | 20.47M | 27.09M | 17.50M | 14.24M | 17.30M |
| Tax provision | 3.34M | 4.40M | 2.99M | 2.55M | 2.78M |
| Net income | 17.12M | 22.69M | 14.51M | 11.69M | 14.53M |
| Basic EPS | 3.54 | 4.70 | 3.00 | 2.42 | 3.00 |
| Diluted EPS | 3.54 | 4.70 | 3.00 | 2.42 | 3.00 |
| Basic average shares | 4.83M | 4.83M | 4.83M | 4.83M | 4.85M |
| Diluted average shares | 4.83M | 4.83M | 4.83M | 4.83M | 4.85M |
| EBITDA | 18.83M | 25.84M | 16.75M | 13.29M | 16.06M |
| Net income from continuing op. | 17.12M | 22.69M | 14.51M | 11.69M | 14.53M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 66.78M | 69.26M | 67.47M | 72.50M | 79.50M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 10.28M | 1.67M | 10.45M | 10.43M | 8.07M |
| Other short term investments | 11.92M | 15.51M | 20.84M | 7.68M | 19.08M |
| Accounts receivable | 3.14M | 6.52M | 4.70M | 1.96M | 2.69M |
| Other receivables | — | — | — | — | — |
| Inventory | 7.16M | 6.42M | 5.09M | 3.90M | 3.88M |
| Prepaid assets | — | — | 420,520 | 391,278 | 655,835 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 689,349 | 663,459 | 420,520 | 391,278 | 655,835 |
| Non current assets | |||||
| Properties | — | — | — | 689,216 | 816,358 |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 10.79M | 10.91M | 10.30M | 9.94M | 10.10M |
| Construction in progress | — | — | — | — | — |
| Leases | 1.96M | 1.96M | 1.81M | 1.81M | 1.80M |
| Accumulated depreciation | -11.40M | -11.10M | -10.94M | -10.73M | -10.49M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 30.79M | 36.13M | 24.31M | 47.04M | 43.61M |
| Other non current assets | 1.45M | 572,038 | 483,469 | 73,538 | 108,119 |
| Total liabilities | 1.21M | 2.18M | 2.90M | 1.61M | 1.50M |
| Current liabilities | |||||
| Accounts payable | 127,154 | 281,712 | 943,535 | 336,591 | 186,993 |
| Accrued expenses | 729,215 | 1.38M | 1.36M | 540,474 | 482,074 |
| Short term debt | 179,372 | 175,798 | 156,121 | 150,273 | 127,134 |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 175,775 | 342,908 | 446,018 | 581,459 | 706,600 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 48,337 | 48,308 | 48,308 | 48,332 | 48,350 |
| Retained earnings | 46.74M | 48.95M | 45.58M | 50.40M | 58.05M |
| Other shareholders equity | -777,637 | -1.21M | -318,120 | 1.10M | 516,523 |
| Total shareholders equity | 65.57M | 67.08M | 64.57M | 70.89M | 78.00M |
| Additional paid in capital | 19.55M | 19.30M | 19.26M | 19.34M | 19.38M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 17.12M | 22.69M | 14.51M | 11.69M | 14.53M | 14.51M | 13.91M | 12.95M | 12.29M | 14.37M | 11.14M | 11.83M | 11.38M | 13.36M | 12.00M | 9.78M | 7.19M | 4.78M | 1.80M | 1.76M | 2.11M | 646,850 | -2.10M | 127,258 | 4.70M | 300,000 | -2.43M | -6.16M | 827,632 |
| Depreciation | 308,147 | 196,738 | 424,981 | 542,926 | 549,969 | 705,197 | 979,652 | 1.15M | 850,970 | 934,371 | 844,339 | 647,163 | 500,121 | 411,547 | 389,273 | 473,740 | 560,528 | 530,050 | 569,886 | 573,443 | 524,733 | 511,049 | 332,290 | 256,275 | — | 300,000 | 342,166 | 206,028 | 101,983 |
| Deferred Taxes | -1.00M | 161,894 | 24,457 | -129,155 | 77,779 | -31,269 | 96,275 | 6,144 | 295,827 | 155,713 | 121,881 | 51,262 | -12,850 | 294,384 | 271,651 | 256,376 | 806,307 | 2.29M | 990,083 | -126,904 | -250,000 | — | — | — | — | — | 133,921 | -77,760 | — |
| Stock-Based Compensation | 141,936 | 59,657 | 81,855 | 45,572 | 48,360 | 93,360 | 40,920 | 22,000 | 21,160 | 58,960 | 53,200 | 66,720 | 80,160 | 76,720 | 100,842 | 86,672 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -106,354 | 60,868 | — | — | — | — | — | — | — | — | — | — | 11.38M | — | — | — | 135,833 | -1.95M | — | — | — | — | — | — | — | -200,000 | 160,588 | 6.12M | — |
| Accounts Receivable | 3.37M | -1.82M | -2.74M | 729,737 | 301,620 | -106,859 | 548,023 | -1.19M | 719,888 | -632,400 | 189,821 | 163,445 | 911,399 | 625,325 | -854,866 | -140,671 | -1.22M | -337,976 | 618,443 | -545,993 | -711,189 | 232,883 | 55,555 | -358,570 | 27,870 | 500,000 | 1.53M | -498,346 | -663,634 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -741,575 | -1.33M | -1.19M | -16,327 | 380,426 | -614,437 | -434,874 | -725,137 | 1.25M | -535,159 | 129,259 | -107,216 | 114,481 | -1.68M | 457,860 | 125,850 | -282,253 | 84,895 | -766,992 | -579,726 | -774,529 | -1.00M | 825,486 | 200,925 | -558,168 | -400,000 | 383,704 | -113,575 | -99,632 |
| Operating Cash Flow | 19.09M | 20.03M | 11.11M | 12.87M | 15.88M | 14.55M | 15.14M | 12.21M | 15.43M | 14.35M | 12.47M | 12.65M | 24.36M | 13.09M | 12.36M | 10.58M | 7.19M | 5.40M | 3.21M | 1.08M | 896,735 | 386,541 | -887,111 | 225,888 | 4.17M | 500,000 | 120,601 | -526,930 | 166,349 |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -16,731 | -935,791 | -484,579 | -62,727 | -52,041 | -68,265 | -604,800 | -519,835 | -287,275 | -185,007 | -160,718 | -1.82M | -1.48M | -732,800 | -305,862 | -397,412 | -816,096 | -321,997 | -48,610 | -846,281 | -773,966 | -422,547 | -224,735 | -359,556 | 1.02M | -100,000 | -180,473 | -224,573 | -55,975 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -6.10M | -28.44M | — | -10.51M | -7.20M | -13.67M | -18.22M | -11.53M | -14.57M | -9.00M | -22.75M | -27.21M | -18.50M | -14.74M | -13.80M | -12.14M | -16.52M | -9.51M | -3.26M | -226,320 | -615,081 | -5.84M | — | — | -52,000 | — | — | — | — |
| Sale of Investments | 15.70M | 20.75M | 7.50M | 19.00M | 12.50M | 20.80M | 19.54M | 19.40M | 19.73M | 12.16M | 10.06M | 17.19M | 7.76M | 1.58M | 258,229 | 1.99M | 11.83M | 1.34M | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 9.58M | -8.53M | 7.02M | 8.42M | 5.25M | 7.06M | 717,790 | 7.35M | 4.87M | 2.98M | -12.86M | -11.84M | -12.22M | -13.89M | -13.85M | -10.55M | -5.50M | -8.49M | -3.31M | -1.07M | -1.39M | -6.26M | -224,735 | -359,556 | 963,739 | -100,000 | -180,473 | -6.62M | -60,142 |
| Financing Activities | |||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 47,500 | 24,153 | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -515,444 | -191,678 | -111,680 |
| Other Financing Charges | — | — | — | — | — | — | — | 32,616 | 352,294 | 24,288 | 57,472 | 15,734 | — | 230,173 | 280,448 | 270,413 | 33,773 | 2.08M | — | — | — | — | — | — | — | — | -245,820 | — | -125 |
| Financing Cash Flow | -19.33M | -19.34M | -19.50M | -19.43M | -20.07M | -19.16M | -19.31M | -19.07M | -21.08M | -9.67M | -789,173 | 159,922 | 36 | 648,878 | 902,871 | 540,620 | 80,797 | 2.11M | 253,966 | 388,511 | 1.13M | 6.28M | 113,306 | 1.04M | -5.73M | — | -772,793 | 8.95M | -111,805 |
| Other Cash Details | |||||||||||||||||||||||||||||
| End Cash Position | 10.28M | 1.67M | 10.45M | 10.43M | 8.07M | 6.88M | 4.76M | 8.20M | 7.53M | 9.44M | 1.26M | 2.51M | 1.54M | 952,209 | 1.39M | 1.88M | 1.89M | 397,423 | 1.29M | 1.24M | 1.06M | 595,768 | 537,258 | 1.49M | 1.00M | 2.80M | 1.36M | 2.43M | 668,083 |
| Income Tax Paid | 4.54M | 4.50M | 2.52M | 2.44M | 2.59M | 3.43M | 5.97M | 6.04M | 5.81M | 6.80M | 5.26M | 5.20M | 5.21M | 6.30M | 5.59M | 4.36M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 18.23M | 18.16M | 12.02M | 13.30M | 15.84M | 14.15M | 14.55M | 11.86M | 14.02M | 14.69M | 12.24M | 10.82M | 11.33M | 12.08M | 12.16M | 9.60M | 6.09M | 5.20M | 3.09M | 144,698 | 99,255 | -26,190 | -903,234 | 105,917 | 2.71M | 1.30M | -546,693 | -1.08M | 640,746 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Royce Small-Cap Special Equity Fund | Sep 30, 2024 | 326,500 | 23.49M | 6.75% |
| Virtus Equity Tr-Virtus KAR Small Cap Growth Fd | Sep 30, 2024 | 158,690 | 11.42M | 3.28% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 151,011 | 10.87M | 3.12% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 123,014 | 8.85M | 2.54% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 78,692 | 5.66M | 1.63% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 48,662 | 3.50M | 1.01% |
| ETF Series Solutions-Defiance Quantum ETF | Sep 30, 2024 | 47,181 | 3.39M | 0.98% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 42,705 | 3.07M | 0.88% |
| Royce Micro Cap Trust | Sep 30, 2024 | 36,900 | 2.65M | 0.76% |
| Royce Micro-Cap Fund | Sep 30, 2024 | 34,143 | 2.46M | 0.71% |
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NVE Corporation (NVEC) Q3 2025 Earnings Call Transcript
NVE Corporation (NASDAQ:NVEC ) Q3 2025 Earnings Conference Call January 22, 2025 5:00 PM ET Company Participants Dan Baker - President and CEO Daniel Nelson - Principal Financial Officer Conference Call Participants Jeff Bernstein - Silverberg Bernstein Capital Dan Baker Good afternoon and welcome to the NVE Corporation Conference Call for the Quarter Ended December 31, 2024. I'm Dan Baker, NVE's President and CEO.
Jan 22, 2025
