NVE Corporation (NVEC) Financial Statements (2024 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
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,61417,18312,36713,91028,18831,289
Cash and cash equivalents1,4401,6702,0303,58413,29910,450
Short-term investments12,17415,51310,33810,32714,88820,840
Receivables5,3976,5232,0975,8603,5134,705
Inventory, net of allowances, customer advances and progress billings6,2926,4176,4595,7955,5445,089
Inventory6,2926,4176,4595,7955,5445,089
Prepaid expense707663924   
Other undisclosed current assets    601722421
Total current assets:26,01030,78721,84826,16637,96741,503
Noncurrent Assets
Operating lease, right-of-use asset   494528560
Property, plant and equipment(684)(611)(533)439484606
Long-term investments and receivables   39,51525,51824,314
Long-term investments   39,51525,51824,314
Deferred income tax assets    894578483
Other undisclosed noncurrent assets1,9561,9561,926   
Total noncurrent assets:1,2731,3451,39441,34227,10725,964
Other undisclosed assets 40,83737,12342,489   
TOTAL ASSETS:68,11969,25565,73067,50865,07467,467
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0951,6571,7166,1221,6303,657
Employee-related liabilities2,8616671,357
Accounts payable159282471399295944
Accrued liabilities9361,3751,2452,8616671,357
Other undisclosed current liabilities177176161(2,703)(510)(1,201)
Total current liabilities:1,2711,8331,8783,4181,1202,456
Noncurrent Liabilities
Long-term debt and lease obligation:    375411446
Liabilities, other than long-term debt302343397   
Operating lease, liability302343397375411446
Other undisclosed noncurrent liabilities    (375)(411)(446)
Total noncurrent liabilities:302343397375411 
Total liabilities:1,5732,1762,2753,7931,5312,902
Equity
Equity, attributable to parent66,54667,08063,45563,71563,54364,565
Common stock484848484848
Additional paid in capital19,42319,29519,31119,30419,26419,256
Accumulated other comprehensive loss(1,449)(1,214)(1,451)(1,784)(657)(318)
Retained earnings48,52348,95045,54846,14744,88845,578
Total equity:66,54667,08063,45563,71563,54364,565
TOTAL LIABILITIES AND EQUITY:68,11969,25565,73067,50865,07467,467

Income Statement (P&L) ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues8,83117,9867,40210,7187,33611,484
Cost of revenue(2,080)(3,364)(1,478)(2,403)(1,652)(3,410)
Gross profit:6,75214,6235,9238,3155,6858,073
Operating expenses(1,384)(1,213)(1,104)(1,106)(973)(971)
Operating income:5,36813,4104,8197,2094,7117,102
Nonoperating income
(Investment Income, Nonoperating)
4375804063512835
Income from continuing operations before income taxes:5,80513,9905,2257,5614,9947,107
Income tax expense(1,401)(1,987)(994)(1,470)(854)(1,159)
Income from continuing operations:4,40412,0034,2316,0904,1405,948
Income before gain (loss) on sale of properties:6,0904,1405,948
Net income available to common stockholders, basic:4,40412,0034,2316,0904,1405,948
Other undisclosed net income available to common stockholders, diluted  1    
Net income available to common stockholders, diluted:4,40412,0044,2316,0904,1405,948

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net income:4,40412,0034,2316,0904,1405,948
Other undisclosed comprehensive loss    (1,127)(339)(1,419)
Comprehensive income:4,40412,0034,2314,9633,8024,528
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(235)(228)333  (967)
Comprehensive income, net of tax, attributable to parent:4,16911,7754,5644,9633,8023,561

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.

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