$NVEC
NVE CORP /NEW/

2017 Q2 Form 10-Q Financial Statement

#000072491017000029 Filed on July 19, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $7.608M $6.708M
YoY Change 13.42% -19.39%
Cost Of Revenue $1.798M $1.385M
YoY Change 29.83% -30.53%
Gross Profit $5.809M $5.323M
YoY Change 9.14% -15.87%
Gross Profit Margin 76.36% 79.35%
Selling, General & Admin $399.4K $389.9K
YoY Change 2.42% -19.57%
% of Gross Profit 6.87% 7.33%
Research & Development $905.7K $758.4K
YoY Change 19.43% 11.36%
% of Gross Profit 15.59% 14.25%
Depreciation & Amortization $242.2K $194.0K
YoY Change 24.84% -6.18%
% of Gross Profit 4.17% 3.64%
Operating Expenses $1.305M $1.148M
YoY Change 13.66% -1.5%
Operating Profit $4.504M $4.174M
YoY Change 7.9% -19.12%
Interest Expense $360.0K $440.0K
YoY Change -18.18% -10.2%
% of Operating Profit 7.99% 10.54%
Other Income/Expense, Net
YoY Change
Pretax Income $4.866M $4.612M
YoY Change 5.51% -18.33%
Income Tax $1.568M $1.480M
% Of Pretax Income 32.23% 32.08%
Net Earnings $3.298M $3.133M
YoY Change 5.27% -17.63%
Net Earnings / Revenue 43.35% 46.7%
Basic Earnings Per Share $0.68 $0.65
Diluted Earnings Per Share $0.68 $0.65
COMMON SHARES
Basic Shares Outstanding 4.841M 4.835M
Diluted Shares Outstanding 4.846M 4.837M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.20M $21.50M
YoY Change 45.12% -27.85%
Cash & Equivalents $4.378M $1.906M
Short-Term Investments $26.90M $19.60M
Other Short-Term Assets $600.0K $700.0K
YoY Change -14.29% -22.22%
Inventory $3.249M $3.186M
Prepaid Expenses
Receivables $3.131M $2.652M
Other Receivables $0.00 $0.00
Total Short-Term Assets $38.22M $28.01M
YoY Change 36.47% -24.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.652M $1.497M
YoY Change 10.36% -27.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $53.30M $71.20M
YoY Change -25.14% 1.14%
Other Assets $400.0K $0.00
YoY Change
Total Long-Term Assets $55.41M $72.67M
YoY Change -23.75% 0.23%
TOTAL ASSETS
Total Short-Term Assets $38.22M $28.01M
Total Long-Term Assets $55.41M $72.67M
Total Assets $93.63M $100.7M
YoY Change -7.0% -8.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $344.4K $297.8K
YoY Change 15.63% -22.95%
Accrued Expenses $600.0K $600.0K
YoY Change 0.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.438M $2.886M
YoY Change -15.53% 18.71%
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 $2.438M $2.886M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.400M $2.900M
YoY Change -17.24% 11.54%
SHAREHOLDERS EQUITY
Retained Earnings $71.62M $77.86M
YoY Change -8.01% -9.07%
Common Stock $19.56M $19.25M
YoY Change 1.57% -7.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.19M $97.79M
YoY Change
Total Liabilities & Shareholders Equity $93.63M $100.7M
YoY Change -7.0% -8.11%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $3.298M $3.133M
YoY Change 5.27% -17.63%
Depreciation, Depletion And Amortization $242.2K $194.0K
YoY Change 24.84% -6.18%
Cash From Operating Activities $5.223M $4.190M
YoY Change 24.64% -19.0%
INVESTING ACTIVITIES
Capital Expenditures $393.4K -$412.00
YoY Change -95584.95% -101.79%
Acquisitions
YoY Change
Other Investing Activities -$3.810M -$4.980M
YoY Change -23.49% -296.06%
Cash From Investing Activities -$4.203M -$4.980M
YoY Change -15.6% -298.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.841M -4.840M
YoY Change 0.02% 0.14%
NET CHANGE
Cash From Operating Activities 5.223M 4.190M
Cash From Investing Activities -4.203M -4.980M
Cash From Financing Activities -4.841M -4.840M
Net Change In Cash -3.821M -5.630M
YoY Change -32.12% -297.32%
FREE CASH FLOW
Cash From Operating Activities $5.223M $4.190M
Capital Expenditures $393.4K -$412.00
Free Cash Flow $4.829M $4.190M
YoY Change 15.24% -18.63%

Facts In Submission

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WeightedAverageNumberOfSharesOutstandingBasic
4841010
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4835010

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