NVE Corp
NASDAQ:NVEC

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NVE Corp
NASDAQ:NVEC
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Price: 81.61 USD -2.97% Market Closed
Market Cap: 394.5m USD

NVE Corp
Investor Relations

NVE Corp. engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company is headquartered in Eden Prairie, Minnesota and currently employs 44 full-time employees. The firm manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The firm has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found Industrial, scientific, and medical applications, as well as the Industrial Internet of Things. The firm's products include sensor, coupler, and MRAM product. Its sensor products detect the strength or gradient of magnetic fields and are often used to determine position or speed. Its spintronic couplers combine a giant magnetoresistance (GMR) sensor element and a microscopic coil. MRAM uses spintronics to store data. The company combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory.

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Earnings Calls

2025 Q2
Oct 23, 2024
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NVE Corporation Reports Mixed Quarter with Improved Margins and New Product Launch
2025 Q2
Oct 23, 2024

In the latest earnings call, NVE Corporation reported a 5% revenue decline, driven by a 14% drop in product sales, although contractual R&D revenue surged by 3,950%. Despite this, gross profit rose 5%, boosting the gross margin to 86%. Increased R&D and SG&A expenses led to a 15% decrease in net income year-over-year. Importantly, the company is optimistic about future growth in the Industrial Internet of Things and electrification sectors. They plan $4-5 million in capital expenditures over two years to enhance manufacturing capabilities and expect new product production by late this fiscal year【4:2†source】【4:9†source】.

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Management

Dr. Daniel A. Baker Ph.D.
CEO, President & Director
No Bio Available
Mr. Daniel Nelson
Accounting Manager & Principal Financial Officer
No Bio Available
Dr. Peter G. Eames Ph.D.
Vice President of Advanced Technology
No Bio Available
Mr. John K. Myers
Vice President of New Business Development
No Bio Available

Contacts

Address
MINNESOTA
Eden Prairie
11409 Valley View Road
Contacts
+19528299217.0
www.nve.com