NVE
 NVE Corporation announced their last financial results for the quarter and fiscal year ended March 31, 2010. Total revenue in the quarter were $8.18 million (compared to $6.9 in the prior-year quarter). Net income was $3.6 million.
For fiscal 2010, total revenue increased 20% to $28.1 million from $23.4 million for the prior fiscal year. The increase was due to a 15% increase in product sales and a 50% increase in contract research and development revenue. Net income for fiscal 2010 increased 23% to $12.0 million.
NVE Corporation announced today financial results for the quarter and six months ended September 30, 2009. TOtal revenue increased 14% to $6.51M, and net income increased 17% to $2.69M
NVE corporation reported their financial results for 1Q 2009. Total revenue increased to 7.83M$, and profit was 2.94$.
The main increase in revenue is due to a 22% increase in product sales and 311% increase in contract R&D revenue.
NVE Corporation today announced the introduction of
the AAT001-10E TMR Angle Sensor, NVE’s first commercial sensor to use
Tunneling Magnetoresistance (TMR), which produces an even “more giant”
signal than Giant Magnetoresistance.
Also known as Spin-Dependent Tunneling (SDT), Magnetic Tunnel
Junction (MTJ), or Tunneling Magnetic Junction (TMJ), Tunneling
Magnetoresistance is a spintronic quantum effect that produces a
dramatic resistance change in a normally insulating layer, depending on
the magnetic field and thus the predominant electron spin in a free
layer. The new device has four TMR elements configured as an angle
sensor with full quadrature sine and cosine outputs.
NVE Corporation announced today financial results for the quarter and nine months ended
December 31, 2008. Total revenue for the third quarter of fiscal 2009 increased 23% to $5.88
million from $4.77 million in the prior-year quarter. The revenue
increase was due to an 8% increase in product sales and a 150% increase
in contract research and development revenue. Net income for the third
quarter of fiscal 2009 increased 45% to $2.47 million.
NVE reported a strong growth in contract R&D. In the conference call, Daniel Baker (company's CEO) said - "Most of the contracts that we're working on right now are related to anti-tamper MRAM".
NVE Corporation has been notified by the U.S. Patent
and Trademark Office of the expected grant today of a patent relating to
spintronic biosensor technology, which could be used in
laboratory-on-a-chip systems. The patent is number 7,446,524 and titled
"Method for detecting magnetic particles in a fluid using thin-film
magnetic field sensor."
Total revenue for the second quarter of fiscal 2009 increased
14% to $5.73 million from $5.00 million in the prior-year
quarter. The revenue increase was due to a 13% increase
in product sales and a 24% increase in contract research
and development revenue. Net income for the second quarter
of fiscal 2009 increased 40% to $2.30 million, or $0.48
per diluted share, compared to $1.64 million, or $0.34 per
diluted share, for the prior-year quarter.
For the first six months of fiscal 2009, total revenue increased
9% to $10.6 million from $9.71 million for the first six
months of fiscal 2008. The revenue increase was primarily
due to a 10% increase in product sales to $9.42 million
for the first half of fiscal 2009 from $8.58 million for
the prior-year period.
Total revenue for the first quarter of fiscal 2009 increased 3% to $4.86 million from $4.71 million in the prior-year quarter. The revenue increase was due to a 7% increase in product sales to $4.55 million for the first quarter of fiscal 2009 from $4.27 million in the prior-year quarter. Net income for the first quarter of fiscal 2009 increased 20% to $1.90 million, or $0.40 per diluted share, compared to $1.59 million, or $0.33 per diluted share, for the prior-year quarter.
"Product sales drove strong profits,'' said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. "Gross margin was 71% of revenue, operating margin 52%, pretax margin 58%, and net margin 39%.''
NVE Corporation has been notified by the U.S. Patent and Trademark Office of the expected grant today of two patents relating to spintronics.
The first patent is number 7,390,584 and titled "Spin dependent tunneling devices having reduced topological coupling." Spin-dependent tunnel junctions, also known as magnetic tunnel junctions or tunneling magnetic junctions, are spintronic structures that can form the heart of spintronic magnetoresistive random access memory technology, commonly known as MRAM.
The second patent is number 7,391,091 and titled "Magnetic particle flow detector," and is related to spintronic biosensor technology, which could be used in laboratory-on-a-chip systems.
Total revenue for the fourth quarter of fiscal 2008 increased 33% to $6.05 million from $4.57 million in the prior-year quarter. The revenue increase was primarily due to a 35% increase in product sales to $5.67 million for the fourth quarter of fiscal 2008 from $4.19 million in the prior-year quarter. Net income for the fourth quarter of fiscal 2008 increased 45% to $2.25 million, or $0.47 per diluted share, compared to $1.55 million, or $0.33 per diluted share, for the prior-year quarter. Gross margin was 69% of revenue, operating margin 55%, pretax margin 59%, and net margin 37% for the quarter.
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