Overview

* NVE Corp ( NVEC ) fiscal Q2 revenue decreases 6% yr/yr due to lower contract R&D revenue

* Net income for fiscal Q2 falls 18% yr/yr to $3.31 mln

* Company announces quarterly dividend of $1.00 per share

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* R&D REVENUE DECLINE - 68% drop in contract research and development revenue led to overall revenue decrease

* SEQUENTIAL REVENUE GROWTH - 4% sequential revenue increase driven by strong distributor and non-defense sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $6.35

Revenue mln

Q2 EPS $0.68

Q2 Net $3.31

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)