nve corp (NVK) Snapshot

NVE Corp. announced unaudited earnings results for the fourth quarter and fiscal year ended March 31, 2013. Total revenue for the fourth quarter of fiscal 2013 decreased 5% to $7.22 million from $7.61 million in the prior-year quarter. Net income for the fourth quarter of fiscal 2013 increased to $3.11 million, or $0.64 per diluted share, compared to $3.10 million, or $0.63 per diluted share, for the prior-year quarter. Income from operations was $4,049,970 against $3,918,403 a year ago. Income before taxes was $4,624,610 against $4,514,008 a year ago. For fiscal 2013, total revenue decreased 5% to $27.0 million from $28.6 million for the prior fiscal year. Product sales decreased 3% and contract research and development revenue decreased 24%. Net income for fiscal 2013 increased 4% to $11.8 million, or $2.43 per diluted share, compared to $11.4 million, or $2.34 per diluted share, for fiscal 2012. Income from operations was $15,196,854 against $14,273,048 a year ago. Income before taxes was $17,556,457 against $16,623,239 a year ago. Purchases of fixed assets were $1.82 million for the fiscal year. The investments were primarily for production equipment and leasehold improvements. Leasehold improvements were primarily for the expansion of its production clean room. These investments position the company for growth. With the major expansion completed, the company currently expects its purchases of fixed assets to return to the historical range of several hundred thousand dollars in this fiscal year.

NVE Corp., Q4 2013 Earnings Call, May 01, 2013

NVE Corp. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on May 01, 2013