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NVE Corporation (NVEC)
:NVEC
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
0.87Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 15, 2018
|% Change Since: 4.92%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there are promising developments in contract R&D and new product introductions, the company faced challenges with decreased revenue, increased expenses, and a decline in net income. The positive growth in gross margins and strategic investments in R&D and CapEx paint an optimistic future, yet the current financial pressures cannot be ignored.Company Guidance
In the recent NVEC earnings call for Q2 of fiscal 2025, the company reported a 5% decrease in total revenue due to a 14% drop in product sales, though this was offset by a significant 3,950% increase in contract R&D revenue. Gross profit rose by 5% and gross margin improved to 86% from the previous year's 78%, attributed to a more profitable product mix and a larger share of direct sales. However, total expenses surged by 55%, with a 24% rise in R&D costs and a 31% increase in selling, general, and administrative expenses. Interest income fell by 9%, and the effective tax rate climbed to 17% from 8%, leading to a 15% reduction in net income. Despite these challenges, comprehensive income rose slightly to $4.71 million with earnings of $0.83 per share. The company remains optimistic, noting improvements in its end markets and increased investments in R&D and marketing, with a notable launch of the ALT521-10E Tunneling Magnetoresistance Rotation sensor.Increase in Contract R&D Revenue
Contract R&D revenue surged by 3,950%, offsetting a decline in product sales. This increase highlights significant progress and potential in defense-related projects.
Improved Gross Profit and Margin
Gross profit increased by 5% from the prior year, and the gross margin percentage rose to 86% from 78%. This was attributed to a more profitable product mix and a larger proportion of direct sales.
New Product Launch
Introduction of the ALT521-10E Tunneling Magnetoresistance Rotation sensor, notable for its sensitivity and potential applications in various industries, including automotive and medical devices.
CapEx and Expansion Plans
Plans for $4 to $5 million in capital investments over the next two fiscal years to increase capacity and capabilities, including in-house manufacturing of wafer-level chip scale packages.
Successful Trade Show Participation
Positive outcomes from trade shows with significant leads in medical device sectors, promoting new sensors and technology.
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NVEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $76.02 | $75.24 | -1.03% |
| Jul 17, 2024 | $78.36 | $78.73 | +0.47% |
| May 01, 2024 | $78.35 | $76.69 | -2.12% |
| Jan 17, 2024 | $67.28 | $73.88 | +9.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NVE Corporation (NVEC) report earnings?
NVE Corporation (NVEC) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is NVE Corporation (NVEC) earnings time?
NVE Corporation (NVEC) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVEC EPS forecast?
Currently, no data Available
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