$NVEC
NVE CORP /NEW/

2020 Q4 Form 10-Q Financial Statement

#000072491021000004 Filed on January 20, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q1 2019 Q4
Revenue $6.533M $6.150M $6.465M
YoY Change 1.06% 10.02% 3.11%
Cost Of Revenue $1.075M $1.190M $1.264M
YoY Change -14.94% -8.46% 8.07%
Gross Profit $5.458M $4.960M $5.201M
YoY Change 4.95% 15.62% 1.98%
Gross Profit Margin 83.55% 80.65% 80.45%
Selling, General & Admin $311.4K $290.0K $328.0K
YoY Change -5.07% 16.0% 21.97%
% of Gross Profit 5.7% 5.85% 6.31%
Research & Development $702.2K $1.020M $771.5K
YoY Change -8.98% 0.0% -31.55%
% of Gross Profit 12.87% 20.56% 14.83%
Depreciation & Amortization $130.0K $150.0K $130.0K
YoY Change 0.0% -16.67% -23.53%
% of Gross Profit 2.38% 3.02% 2.5%
Operating Expenses $1.014M $1.310M $1.099M
YoY Change -7.81% 3.15% -21.24%
Operating Profit $4.445M $3.650M $4.101M
YoY Change 8.37% 20.86% 10.72%
Interest Expense $370.0K $430.0K $440.0K
YoY Change -15.91% -6.52% -4.35%
% of Operating Profit 8.32% 11.78% 10.73%
Other Income/Expense, Net
YoY Change
Pretax Income $4.810M $4.080M $4.545M
YoY Change 5.84% 17.24% 9.22%
Income Tax $884.5K $710.0K $814.1K
% Of Pretax Income 18.39% 17.4% 17.91%
Net Earnings $3.926M $3.370M $3.731M
YoY Change 5.23% 17.83% 9.04%
Net Earnings / Revenue 60.09% 54.8% 57.71%
Basic Earnings Per Share $0.81 $0.77
Diluted Earnings Per Share $0.81 $696.3K $0.77
COMMON SHARES
Basic Shares Outstanding 4.833M 4.846M 4.846M
Diluted Shares Outstanding 4.833M 4.847M

Balance Sheet

Concept 2020 Q4 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.10M $27.20M $22.20M
YoY Change 13.06% 40.21% -6.33%
Cash & Equivalents $13.99M $8.066M $10.15M
Short-Term Investments $11.10M $19.10M $12.10M
Other Short-Term Assets $600.0K $700.0K $800.0K
YoY Change -25.0% -12.5% 0.0%
Inventory $3.842M $3.884M $4.160M
Prepaid Expenses
Receivables $3.161M $2.694M $2.119M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.68M $34.38M $29.33M
YoY Change 11.4% 25.3% -6.19%
LONG-TERM ASSETS
Property, Plant & Equipment $366.1K $582.5K $649.8K
YoY Change -43.67% -34.91% -36.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $40.70M $43.60M $50.90M
YoY Change -20.04% -20.58% -1.93%
Other Assets $100.0K $100.0K
YoY Change -75.0% -83.33%
Total Long-Term Assets $41.74M $45.11M $51.79M
YoY Change -19.39% -19.69% -3.24%
TOTAL ASSETS
Total Short-Term Assets $32.68M $34.38M $29.33M
Total Long-Term Assets $41.74M $45.11M $51.79M
Total Assets $74.42M $79.50M $81.12M
YoY Change -8.26% -4.92% -4.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.7K $187.0K $153.5K
YoY Change -10.94% -50.16% -50.99%
Accrued Expenses $600.0K $600.0K $700.0K
YoY Change -14.29% 20.0% 16.67%
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 $748.9K $796.2K $887.1K
YoY Change -15.58% -4.72% 2.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $600.0K $700.0K
YoY Change
Total Long-Term Liabilities $600.0K $700.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $748.9K $796.2K $887.1K
Total Long-Term Liabilities $600.0K $700.0K $0.00
Total Liabilities $1.452M $1.503M $900.0K
YoY Change 61.35% 79.83% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings $52.10M $58.05M $59.53M
YoY Change -12.47% -7.72% -8.27%
Common Stock $19.38M $19.43M $20.01M
YoY Change -3.12% -2.64% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.97M $78.00M $80.23M
YoY Change
Total Liabilities & Shareholders Equity $74.42M $79.50M $81.12M
YoY Change -8.26% -4.92% -4.33%

Cashflow Statement

Concept 2020 Q4 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $3.926M $3.370M $3.731M
YoY Change 5.23% 17.83% 9.04%
Depreciation, Depletion And Amortization $130.0K $150.0K $130.0K
YoY Change 0.0% -16.67% -23.53%
Cash From Operating Activities $2.990M $3.360M $5.120M
YoY Change -41.6% 32.28% 50.15%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$20.00K -$10.00K
YoY Change 0.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities $12.00M $0.00 -$4.190M
YoY Change -386.4% -100.0% -373.86%
Cash From Investing Activities $11.99M -$30.00K -$4.190M
YoY Change -386.16% -101.01% -379.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.830M -5.420M -4.850M
YoY Change -0.41% 11.75% 2.11%
NET CHANGE
Cash From Operating Activities 2.990M 3.360M 5.120M
Cash From Investing Activities 11.99M -30.00K -4.190M
Cash From Financing Activities -4.830M -5.420M -4.850M
Net Change In Cash 10.15M -2.090M -3.920M
YoY Change -358.93% -411.94% -2550.0%
FREE CASH FLOW
Cash From Operating Activities $2.990M $3.360M $5.120M
Capital Expenditures -$10.00K -$20.00K -$10.00K
Free Cash Flow $3.000M $3.380M $5.130M
YoY Change -41.52% 33.07% 49.13%

Facts In Submission

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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