$NVEC
NVE CORP /NEW/

2016 Q3 Form 10-Q Financial Statement

#000072491016000077 Filed on October 19, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $7.303M $7.280M
YoY Change 0.31% -11.95%
Cost Of Revenue $1.741M $1.645M
YoY Change 5.86% 2.17%
Gross Profit $5.562M $5.635M
YoY Change -1.3% -15.36%
Gross Profit Margin 76.16% 77.41%
Selling, General & Admin $343.7K $524.6K
YoY Change -34.49% -16.14%
% of Gross Profit 6.18% 9.31%
Research & Development $768.2K $629.0K
YoY Change 22.14% -20.11%
% of Gross Profit 13.81% 11.16%
Depreciation & Amortization $200.0K $200.0K
YoY Change 0.0% -13.04%
% of Gross Profit 3.6% 3.55%
Operating Expenses $1.112M $1.154M
YoY Change -3.62% -18.35%
Operating Profit $4.450M $4.482M
YoY Change -0.71% -14.55%
Interest Expense $430.0K $470.0K
YoY Change -8.51% -16.07%
% of Operating Profit 9.66% 10.49%
Other Income/Expense, Net
YoY Change
Pretax Income $4.881M $4.950M
YoY Change -1.4% -14.77%
Income Tax $1.576M $1.639M
% Of Pretax Income 32.28% 33.12%
Net Earnings $3.305M $3.311M
YoY Change -0.17% -14.57%
Net Earnings / Revenue 45.26% 45.48%
Basic Earnings Per Share $0.68 $0.68
Diluted Earnings Per Share $0.68 $0.68
COMMON SHARES
Basic Shares Outstanding 4.836M 4.855M
Diluted Shares Outstanding 4.838M 4.858M

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00M $35.90M
YoY Change -22.01% 100.56%
Cash & Equivalents $5.691M $12.72M
Short-Term Investments $22.30M $23.20M
Other Short-Term Assets $700.0K $700.0K
YoY Change 0.0% -30.0%
Inventory $2.909M $3.148M
Prepaid Expenses
Receivables $3.368M $2.783M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.98M $42.57M
YoY Change -17.81% 63.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.452M $1.987M
YoY Change -26.92% -23.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $60.80M $60.80M
YoY Change 0.0% -28.13%
Other Assets $100.0K
YoY Change
Total Long-Term Assets $62.35M $62.77M
YoY Change -0.66% -27.94%
TOTAL ASSETS
Total Short-Term Assets $34.98M $42.57M
Total Long-Term Assets $62.35M $62.77M
Total Assets $97.34M $105.3M
YoY Change -7.59% -6.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.0K $445.1K
YoY Change -30.34% 48.36%
Accrued Expenses $600.0K $600.0K
YoY Change 0.0% -33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.258M $1.073M
YoY Change 17.21% -10.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.258M $1.073M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.300M $1.100M
YoY Change 18.18% -21.43%
SHAREHOLDERS EQUITY
Retained Earnings $76.33M $84.07M
YoY Change -9.21%
Common Stock $19.32M $19.71M
YoY Change -2.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $96.08M $104.2M
YoY Change
Total Liabilities & Shareholders Equity $97.34M $105.3M
YoY Change -7.59% -6.87%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $3.305M $3.311M
YoY Change -0.17% -14.57%
Depreciation, Depletion And Amortization $200.0K $200.0K
YoY Change 0.0% -13.04%
Cash From Operating Activities $1.480M $2.670M
YoY Change -44.57% 5.95%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$130.0K
YoY Change 15.38%
Acquisitions
YoY Change
Other Investing Activities $7.250M $3.980M
YoY Change 82.16% -238.19%
Cash From Investing Activities $7.100M $3.860M
YoY Change 83.94% -234.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.790M -6.100M
YoY Change -21.48% -1948.48%
NET CHANGE
Cash From Operating Activities 1.480M 2.670M
Cash From Investing Activities 7.100M 3.860M
Cash From Financing Activities -4.790M -6.100M
Net Change In Cash 3.790M 430.0K
YoY Change 781.4% -1533.33%
FREE CASH FLOW
Cash From Operating Activities $1.480M $2.670M
Capital Expenditures -$150.0K -$130.0K
Free Cash Flow $1.630M $2.800M
YoY Change -41.79% 11.11%

Facts In Submission

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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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76326918
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us-gaap Selling General And Administrative Expense
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22000
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0
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0
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4858133
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4837293
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4862431
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4835564
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4855398
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4835289
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4858557

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