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NVEC — NVE News Story

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NVE Q4 net income rises on higher product sales

Overview

US spintronic sensor maker's fiscal Q4 revenue rose 5% on higher product sales

Fiscal Q4 net income climbed 27% year-over-year

Company declared unchanged $1.00 per share quarterly dividend

Outlook

Company did not provide specific guidance for future quarters or the fiscal year

Result Drivers

PRODUCT SALES GROWTH - Q4 revenue increase was driven by a 6% rise in product sales

CONTRACT R&D DECLINE - Contract research and development revenue fell 19%, partially offsetting overall revenue growth

Company press release: ID:nBwrVQPma

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$7.65 mln
Q4 EPS$1.02
Q4 Net Income$4.93 mln
Q4 Dividend$1
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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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