Trade NVE Corp - NVEC CFD

NVE Corporation Company profile

About NVE Corp

NVE Corporation develops and sells devices that use spintronics, which is a nanotechnology that relies on electron spin to acquire, store, and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found Industrial, scientific, and medical applications, as well as the Industrial Internet of Things. The Company's products include sensor, coupler, and MRAM product. Its sensor products detect the strength or gradient of magnetic fields and are often used to determine position or speed. Its spintronic couplers combine a giant magnetoresistance (GMR) sensor element and a microscopic coil. MRAM uses spintronics to store data. It combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory.

Financial summary

BRIEF: For the nine months ended 31 December 2021, NVE Corp revenues increased 31% to $20.3M. Net income increased 25% to $10.7M. Revenues reflect Product sales increase of 31% to $19.5M, Contract research and development increase of 17% to $767K. Net income was partially offset by Interest income decrease of 26% to $869K (income), Selling, general, and administrative increase of 19% to $1.2M (expense). Dividend per share remained flat at $3.00.

Equity composition

Common Stock $.01 Par, 06/11, 10M auth., 4,776,198 issd. Insiders & Strategic holders own 1.53%. 11/27/00, Company formed through areverse acq. between Nonvolatile Electronics, Inc. and Premis Corp. (15,745,860 shares issd.). 11/02, 12/00, 1-for-5 reverse stock splits. *1/03, Exchange changed from OTC to NASDAQ.