NASDAQ$NVEC
NVE Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
NVE reported an increase in revenue and net income for Q1 2024.
NVE Corporation reported a 20% increase in total revenue to $8.83 million for the first quarter of fiscal 2024, driven by a 23% increase in product sales. Net income increased by 6% to $4.40 million, or $0.91 per diluted share.
- Total revenue increased by 20% compared to the prior-year quarter.
- Product sales increased by 23% year-over-year.
- Net income increased by 6% compared to the prior-year quarter.
- The company declared a quarterly cash dividend of $1.00 per share.
Headline financials
Revenue & EPS history
NVE · Revenue · Quarterly
$8.83M
Revenue by segment
NVE · $8.83M total across 2 segments · Q1 2024
- Product Sales$8.7M+23.0%98.5%
- Contract R&D$131K-50.2%1.5%
Forward guidance
Forward-looking statements are subject to risks and uncertainties, including reliance on large customers, economic environments, future sales and revenues, credit losses, and stock repurchases and dividend payments.
Headwinds
- Reliance on several large customers for a significant percentage of revenue
- Uncertainties related to the economic environments in the industries served
- Uncertainties related to future sales and revenues
- Risks of credit losses
- Risks and uncertainties related to future stock repurchases and dividend payments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.0%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.5%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+18.1%
Q2 2023
Best reaction
-24.6%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.3% | +6.3% | +18.3% | |
| Q3 2026 | +12.1% | +8.1% | -3.7% | |
| Q2 2026 | -0.2% | -4.8% | -13.6% | |
| Q1 2026 | -0.5% | -1.0% | +7.2% | |
| Q4 2025 | +11.2% | +16.5% | +19.4% | |
| Q3 2025 | -12.5% | -16.0% | -10.2% | |
| Q2 2025 | -3.5% | -0.6% | +2.5% | |
| Q1 2025 | -1.7% | -0.2% | -1.2% | |
| Q4 2024 | -2.1% | -5.9% | -4.8% | |
| Q3 2024 | +8.0% | +9.9% | +12.9% | |
| Q2 2024 | -17.4% | -19.1% | -12.0% | |
| Q1 2024 | -18.3% | -16.7% | -20.8% | |
| Q4 2023 | +17.1% | +15.4% | +17.0% | |
| Q3 2023 | -5.7% | -4.7% | -0.9% | |
| Q2 2023 | +18.1% | +29.0% | +37.0% | |
| Q1 2023 | +8.3% | +5.1% | +8.7% | |
| Q4 2022 | -0.4% | -2.0% | +4.2% | |
| Q3 2022 | -5.3% | -5.6% | -13.1% | |
| Q2 2022 | +0.4% | +1.3% | +8.1% | |
| Q1 2022 | +3.7% | +4.0% | -10.7% | |
| Q4 2021 | +3.2% | +2.6% | -5.1% | |
| Q3 2021 | +8.5% | +12.6% | +5.8% | |
| Q2 2021 | -2.6% | -4.5% | +5.6% | |
| Q1 2021 | -6.1% | -8.4% | -13.7% | |
| Q4 2020 | +4.1% | +10.4% | +23.8% | |
| Q3 2020 | +1.5% | +3.2% | -1.1% | |
| Q2 2020 | -1.5% | -2.5% | -4.6% | |
| Q1 2020 | -5.3% | -4.1% | -5.6% | |
| Q4 2019 | -6.6% | -5.0% | -23.8% | |
| Q3 2019 | -0.2% | -2.1% | +6.1% | |
| Q2 2019 | +8.5% | +4.6% | -4.9% | |
| Q1 2019 | -8.6% | -4.7% | -5.4% | |
| Q4 2018 | +4.8% | +7.4% | +27.0% | |
| Q3 2018 | -1.8% | -0.8% | -15.4% | |
| Q2 2018 | +8.3% | +7.6% | +6.4% | |
| Q1 2018 | -3.1% | -7.9% | -11.5% | |
| Q4 2017 | -8.1% | -4.1% | -0.5% | |
| Q3 2017 | +1.8% | +3.6% | +4.8% | |
| Q2 2017 | +1.1% | +2.3% | +16.6% | |
| Q1 2017 | +7.6% | +8.0% | +8.9% | |
| Q4 2016 | +1.8% | — | — | |
| Q3 2016 | +3.0% | — | — | |
| Q2 2016 | +9.9% | — | — | |
| Q1 2016 | -24.6% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | +4.1% | — | — | |
| Q1 2015 | +15.4% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | -8.7% | — | — | |
| Q1 2013 | +13.1% | — | — | |
| Q4 2012 | +6.5% | — | — | |
| Q4 2010 | +6.5% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q2 2012 | -16.4% | — | — | |
| Q2 2011 | -16.4% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q1 2012 | -2.9% | — | — | |
| Q1 2011 | -2.9% | — | — |
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