Nanoelectronics firm NVE Corp's Q2 revenue dips on lower R&D contracts

Reuters10-23
Nanoelectronics firm NVE Corp's <a href="https://laohu8.com/S/QTWO">Q2</a> revenue dips on lower R&D contracts

Overview

  • NVE Corp fiscal Q2 revenue decreases 6% yr/yr due to lower contract R&D revenue

  • Net income for fiscal Q2 falls 18% yr/yr to $3.31 mln

  • Company announces quarterly dividend of $1.00 per share

Outlook

  • Company did not provide specific guidance for future quarters or full year

Result Drivers

  • R&D REVENUE DECLINE - 68% drop in contract research and development revenue led to overall revenue decrease

  • SEQUENTIAL REVENUE GROWTH - 4% sequential revenue increase driven by strong distributor and non-defense sales

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$6.35 mln

Q2 EPS

$0.68

Q2 Net Income

$3.31 mln

Press Release: ID:nBw2LX5DVa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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