Spintronics-Info - Investment

NVE Corporation Reports 4Q Results

spin — Thu, 08 May 2008 02:15:10 -0500

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.

NVE Corporation Reports 3Q results, no MRAM news

spin — Wed, 23 Jan 2008 23:27:19 -0600

Product sales for the quarter increased 25% over the prior-year quarter to $4.25 million from $3.40 million. Total revenue, consisting of product sales and contract research and development revenue, increased 23% to $4.77 million for the third quarter of fiscal 2008 from $3.86 million in the prior-year quarter. Net income for the third quarter of fiscal 2008 increased 62% to $1.70 million, or $0.36 per diluted share, compared to $1.05 million, or $0.22 per share, for the prior-year quarter.

For the first nine months of fiscal 2008, product sales increased 25% to $12.83 million from $10.23 million for the first nine months of fiscal 2007. Total revenue increased 22% to $14.48 million for the first nine months of fiscal 2008 from $11.90 million for the prior-year period. Net income for the nine months of fiscal 2008 was $4.93 million, or $1.04 per diluted share compared to $3.23 million, or $0.67 per diluted share, for the first nine months of fiscal 2007.

NVE Corporation Reports Second Quarter Results, no MRAM news

spin — Thu, 18 Oct 2007 00:37:22 -0500

Product sales for the quarter increased 14% over the prior-year quarter to $4.31 million from $3.78 million. Total revenue, consisting of product sales and contract research and development revenue, increased 14% to $5.00 million for the second quarter of fiscal 2008 from $4.40 million in the prior-year quarter. Net income for the second quarter of fiscal 2008 increased 28% to $1.64 million, or $0.34 per diluted share, compared to $1.28 million, or $0.27 per share, for the prior-year quarter.

NVE Corporation Reports First Quarter Results

spin — Wed, 18 Jul 2007 23:39:46 -0500

Product sales for the quarter increased 40% over the prior-year quarter to $4.27 million from $3.05 million. Total revenue, consisting of product sales and contract research and development revenue, increased 30% to $4.71 million for the first quarter of fiscal 2008 from $3.64 million in the prior-year quarter. Net income for the first quarter of fiscal 2008 increased 78% to $1.59 million, or $0.33 per diluted share, compared to $891,806, or $0.19 per share, for the prior-year quarter.

"We are pleased to report record net income for the quarter driven by strong product sales," said NVE President and Chief Executive Officer Daniel A.

NVE Corporation Reports Fourth Quarter and Fiscal Year Results

spin — Thu, 03 May 2007 00:25:45 -0500

Product sales for the fourth quarter of fiscal 2007 increased 50% over the prior-year quarter to $4.19 million from $2.80 million. Total revenue, consisting of product sales and contract research and development revenue, increased 31% to $4.57 million for the fourth quarter of fiscal 2007 from $3.48 million in the prior-year quarter. Net income for the fourth quarter of fiscal 2007 increased 151% to $1.55 million, or $0.33 per diluted share, compared to $619,744, or $0.13 per share, for the prior-year quarter.

University of Delaware receives $1.9 million for new spintronics center

spin — Sat, 21 Apr 2007 23:37:27 -0500

The University of Delaware has been awarded $1.9 million from the U.S. Department of Energy (DOE) to establish the new Center for Spintronics and Biodetection.

UD's research grant is part of $7.5 million grant awarded to universities in four states--Delaware, Kentucky, Maine, and New Hampshire--by DOE's Experimental Program to Stimulate Competitive Research (EPSCoR), which supports scientific research in states that historically have received less federal funding for such studies. Academic institutions in 26 states and territories were eligible for the grants.

NVE Corporation Reports First Quarter Fiscal 2007 Results

spin — Thu, 20 Jul 2006 00:50:35 -0500

Product sales for the quarter increased 71% over the prior-year quarter to $3.05 million from $1.78 million. Total revenue, which consisted of product sales and contract research and development revenue, increased 20% to $3.64 million for the first quarter of fiscal 2007 from $3.03 million for the prior-year quarter. Net income for the quarter was $891,806 or $0.19 per diluted share, compared to $412,649 or $0.09 per diluted share for the prior-year quarter. Net income for the quarter ended June 30, 2006
included the effect of $2,569 in non-cash stock-based compensation due to the implementation of SFAS 123(R). Net income for the first quarter of fiscal 2007 also included a $473,241 non-cash provision for income taxes compared to $240,468 for the prior-year quarter.