$NVEC
NVE CORP /NEW/

2020 Q1 Form 10-Q Financial Statement

#000072491020000004 Filed on January 22, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $6.150M $6.465M $6.269M
YoY Change 10.02% 3.11% -14.83%
Cost Of Revenue $1.190M $1.264M $1.169M
YoY Change -8.46% 8.07% -29.46%
Gross Profit $4.960M $5.201M $5.100M
YoY Change 15.62% 1.98% -10.57%
Gross Profit Margin 80.65% 80.45% 81.35%
Selling, General & Admin $290.0K $328.0K $268.9K
YoY Change 16.0% 21.97% -14.1%
% of Gross Profit 5.85% 6.31% 5.27%
Research & Development $1.020M $771.5K $1.127M
YoY Change 0.0% -31.55% 32.16%
% of Gross Profit 20.56% 14.83% 22.1%
Depreciation & Amortization $150.0K $130.0K $170.0K
YoY Change -16.67% -23.53% -32.0%
% of Gross Profit 3.02% 2.5% 3.33%
Operating Expenses $1.310M $1.099M $1.396M
YoY Change 3.15% -21.24% 19.74%
Operating Profit $3.650M $4.101M $3.704M
YoY Change 20.86% 10.72% -18.36%
Interest Expense $430.0K $440.0K $460.0K
YoY Change -6.52% -4.35% 15.0%
% of Operating Profit 11.78% 10.73% 12.42%
Other Income/Expense, Net
YoY Change
Pretax Income $4.080M $4.545M $4.161M
YoY Change 17.24% 9.22% -15.8%
Income Tax $710.0K $814.1K $739.9K
% Of Pretax Income 17.4% 17.91% 17.78%
Net Earnings $3.370M $3.731M $3.421M
YoY Change 17.83% 9.04% -4.21%
Net Earnings / Revenue 54.8% 57.71% 54.57%
Basic Earnings Per Share $0.77 $0.71
Diluted Earnings Per Share $696.3K $0.77 $0.71
COMMON SHARES
Basic Shares Outstanding 4.846M 4.846M 4.845M
Diluted Shares Outstanding 4.847M 4.851M

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.20M $22.20M $23.70M
YoY Change 40.21% -6.33% 0.85%
Cash & Equivalents $8.066M $10.15M $6.207M
Short-Term Investments $19.10M $12.10M $17.40M
Other Short-Term Assets $700.0K $800.0K $800.0K
YoY Change -12.5% 0.0% -20.0%
Inventory $3.884M $4.160M $4.141M
Prepaid Expenses
Receivables $2.694M $2.119M $2.718M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.38M $29.33M $31.27M
YoY Change 25.3% -6.19% 3.31%
LONG-TERM ASSETS
Property, Plant & Equipment $582.5K $649.8K $1.021M
YoY Change -34.91% -36.36% -32.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $43.60M $50.90M $51.90M
YoY Change -20.58% -1.93% -8.47%
Other Assets $100.0K $100.0K $600.0K
YoY Change -75.0% -83.33% 100.0%
Total Long-Term Assets $45.11M $51.79M $53.52M
YoY Change -19.69% -3.24% -8.64%
TOTAL ASSETS
Total Short-Term Assets $34.38M $29.33M $31.27M
Total Long-Term Assets $45.11M $51.79M $53.52M
Total Assets $79.50M $81.12M $84.79M
YoY Change -4.92% -4.33% -4.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.0K $153.5K $313.1K
YoY Change -50.16% -50.99% 20.96%
Accrued Expenses $600.0K $700.0K $600.0K
YoY Change 20.0% 16.67% 20.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $796.2K $887.1K $866.0K
YoY Change -4.72% 2.45% 9.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $700.0K
YoY Change
Total Long-Term Liabilities $700.0K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $796.2K $887.1K $866.0K
Total Long-Term Liabilities $700.0K $0.00 $0.00
Total Liabilities $1.503M $900.0K $900.0K
YoY Change 79.83% 0.0% 12.5%
SHAREHOLDERS EQUITY
Retained Earnings $58.05M $59.53M $64.89M
YoY Change -7.72% -8.27% -5.5%
Common Stock $19.43M $20.01M $19.96M
YoY Change -2.64% 0.24% 1.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $78.00M $80.23M $83.92M
YoY Change
Total Liabilities & Shareholders Equity $79.50M $81.12M $84.79M
YoY Change -4.92% -4.33% -4.57%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $3.370M $3.731M $3.421M
YoY Change 17.83% 9.04% -4.21%
Depreciation, Depletion And Amortization $150.0K $130.0K $170.0K
YoY Change -16.67% -23.53% -32.0%
Cash From Operating Activities $3.360M $5.120M $3.410M
YoY Change 32.28% 50.15% -14.75%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$10.00K -$30.00K
YoY Change -66.67% -57.14%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$4.190M $1.530M
YoY Change -100.0% -373.86% 218.75%
Cash From Investing Activities -$30.00K -$4.190M $1.500M
YoY Change -101.01% -379.33% 265.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.420M -4.850M -4.750M
YoY Change 11.75% 2.11% -0.84%
NET CHANGE
Cash From Operating Activities 3.360M 5.120M 3.410M
Cash From Investing Activities -30.00K -4.190M 1.500M
Cash From Financing Activities -5.420M -4.850M -4.750M
Net Change In Cash -2.090M -3.920M 160.0K
YoY Change -411.94% -2550.0% -142.11%
FREE CASH FLOW
Cash From Operating Activities $3.360M $5.120M $3.410M
Capital Expenditures -$20.00K -$10.00K -$30.00K
Free Cash Flow $3.380M $5.130M $3.440M
YoY Change 33.07% 49.13% -15.48%

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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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4843355
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4845010

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