NVE Corporation (NVEC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
11409 VALLEY VIEW ROAD EDEN PRAIRIE, MN 55344 |
| State of Incorp. | MN |
| Fiscal Year End | March 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,183 | 12,367 | 31,289 | 18,106 | 27,150 | 19,365 | |||
| Cash and cash equivalents | 1,670 | 2,030 | 10,450 | 10,427 | 8,066 | 6,877 | |||
| Short-term investments | 15,513 | 10,338 | 20,840 | 7,679 | 19,085 | 12,488 | |||
| Receivables | 6,523 | 2,097 | 4,705 | 1,964 | 2,694 | 2,996 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,417 | 6,459 | 5,089 | 3,901 | 3,884 | 4,265 | |||
| Inventory | 6,417 | 6,459 | 5,089 | 3,901 | 3,884 | 4,265 | |||
| Prepaid expense | 663 | 924 | |||||||
| Other undisclosed current assets | 421 | 391 | 656 | 816 | |||||
| Total current assets: | 30,787 | 21,848 | 41,503 | 24,363 | 34,385 | 27,442 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 560 | 689 | 816 | ✕ | |||||
| Property, plant and equipment | (611) | (533) | 606 | 337 | 582 | 895 | |||
| Long-term investments and receivables | 24,314 | 47,039 | 43,606 | 54,926 | |||||
| Long-term investments | 24,314 | 47,039 | 43,606 | 54,926 | |||||
| Deferred income tax assets | 483 | 74 | 108 | ✕ | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 354 | ||
| Other undisclosed noncurrent assets | 1,956 | 1,926 | |||||||
| Total noncurrent assets: | 1,345 | 1,394 | 25,964 | 48,138 | 45,113 | 56,174 | |||
| Other undisclosed assets | 37,123 | 42,489 | |||||||
| TOTAL ASSETS: | 69,255 | 65,730 | 67,467 | 72,501 | 79,498 | 83,616 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,657 | 1,716 | 3,657 | 877 | 669 | 836 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,357 | 540 | 482 | 460 | ||
| Accounts payable | 282 | 471 | 944 | 337 | 187 | 375 | |||
| Accrued liabilities | 1,375 | 1,245 | 1,357 | ||||||
| Other undisclosed current liabilities | 176 | 161 | (1,201) | 150 | 127 | ||||
| Total current liabilities: | 1,833 | 1,878 | 2,456 | 1,027 | 796 | 836 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 446 | 581 | 707 | ||||||
| Liabilities, other than long-term debt | 343 | 397 | |||||||
| Operating lease, liability | 343 | 397 | 446 | 581 | 707 | ✕ | |||
| Other undisclosed noncurrent liabilities | (446) | (581) | (707) | ||||||
| Total noncurrent liabilities: | 343 | 397 | 446 | 581 | 707 | ||||
| Total liabilities: | 2,176 | 2,275 | 2,902 | 1,609 | 1,503 | 836 | |||
| Equity | |||||||||
| Equity, attributable to parent | 67,080 | 63,455 | 64,565 | 70,892 | 77,995 | 82,780 | |||
| Common stock | 48 | 48 | 48 | 48 | 48 | 48 | |||
| Additional paid in capital | 19,295 | 19,311 | 19,256 | 19,338 | 19,384 | 19,911 | |||
| Accumulated other comprehensive income (loss) | (1,214) | (1,451) | (318) | 1,101 | 517 | (83) | |||
| Retained earnings | 48,950 | 45,548 | 45,578 | 50,404 | 58,047 | 62,904 | |||
| Total equity: | 67,080 | 63,455 | 64,565 | 70,892 | 77,995 | 82,780 | |||
| TOTAL LIABILITIES AND EQUITY: | 69,255 | 65,730 | 67,467 | 72,501 | 79,498 | 83,616 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,254 | 36,939 | 26,987 | 21,366 | 25,412 | 26,472 | ||
| Cost of revenue | (8,062) | (8,943) | (6,263) | (4,121) | (4,889) | (5,216) | ||
| Gross profit: | 30,191 | 27,996 | 20,724 | 17,245 | 20,523 | 21,256 | ||
| Operating expenses | (4,547) | (4,154) | (4,395) | (4,501) | (5,008) | (5,332) | ||
| Operating income: | 25,644 | 23,842 | 16,329 | 12,744 | 15,515 | 15,925 | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,449 | 1,046 | 1,171 | 1,498 | 1,787 | 1,785 | ||
| Income from continuing operations before income taxes: | 27,093 | 24,887 | 17,500 | 14,242 | 17,302 | 17,710 | ||
| Income tax expense | (4,398) | (4,478) | (2,992) | (2,547) | (2,775) | (3,202) | ||
| Income from continuing operations: | 22,694 | 20,409 | 14,508 | 11,694 | 14,527 | 14,508 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 16,178 | 14,508 | 11,694 | 14,527 | 14,508 | |
| Net income available to common stockholders, basic: | 22,694 | 20,409 | 14,508 | 11,694 | 14,527 | 14,508 | ||
| Dilutive securities, effect on basic earnings per share | 1 | |||||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income available to common stockholders, diluted: | 22,696 | 20,409 | 14,508 | 11,694 | 14,527 | 14,508 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 22,694 | 20,409 | 14,508 | 11,694 | 14,527 | 14,508 | ||
| Other undisclosed comprehensive income (loss) | (2,885) | (1,419) | 585 | 893 | ||||
| Comprehensive income: | 22,694 | 17,524 | 13,088 | 12,279 | 14,527 | 15,401 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (896) | (634) | 599 | |||||
| Comprehensive income, net of tax, attributable to parent: | 21,799 | 16,890 | 13,088 | 12,279 | 15,126 | 15,401 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.