$NVEC
NVE CORP /NEW/ Stock $nvec

$nvec Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000143774921017294 Filed on July 21, 2021

Income Statement

Concept	2021 Q2	2020 Q2
Revenue	$7.153M	$4.589M
YoY Change	55.87%	-27.09%
Cost Of Revenue	$1.770M	$836.4K
YoY Change	111.57%	-23.41%
Gross Profit	$5.384M	$3.753M
YoY Change	43.45%	-27.87%
Gross Profit Margin	75.26%	81.77%
Selling, General & Admin	$466.6K	$355.0K
YoY Change	31.44%	7.58%
% of Gross Profit	8.67%	9.46%
Research & Development	$808.1K	$881.0K
YoY Change	-8.27%	-9.46%
% of Gross Profit	15.01%	23.48%
Depreciation & Amortization	$140.4K	$129.6K
YoY Change	8.34%	-3.79%
% of Gross Profit	2.61%	3.45%
Operating Expenses	$1.275M	$1.236M
YoY Change	3.14%	-5.15%
Operating Profit	$4.109M	$2.517M
YoY Change	63.25%	-35.46%
Interest Expense	$289.7K	$400.0K
YoY Change	-27.57%	-13.04%
% of Operating Profit	7.05%	15.89%
Other Income/Expense, Net
YoY Change
Pretax Income	$4.399M	$2.916M
YoY Change	50.84%	-33.1%
Income Tax	$819.0K	$504.2K
% Of Pretax Income	18.62%	17.29%
Net Earnings	$3.580M	$2.412M
YoY Change	48.41%	-33.14%
Net Earnings / Revenue	50.04%	52.55%
Basic Earnings Per Share	$0.74	$0.50
Diluted Earnings Per Share	$0.74	$0.50
COMMON SHARES
Basic Shares Outstanding	4.833M	4.835M
Diluted Shares Outstanding	4.837M	4.835M

Balance Sheet

Concept	2021 Q2	2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$25.93M	$25.60M
YoY Change	1.29%	60.0%
Cash & Equivalents	$8.869M	$6.403M
Short-Term Investments	$17.06M	$19.20M
Other Short-Term Assets	$658.2K	$700.0K
YoY Change	-5.97%	16.67%
Inventory	$3.670M	$3.944M
Prepaid Expenses
Receivables	$3.320M	$2.298M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$33.58M	$32.54M
YoY Change	3.18%	37.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$299.4K	$505.8K
YoY Change	-40.81%	-38.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$37.46M	$45.00M
YoY Change	-16.75%	-23.21%
Other Assets	$101.7K	$0.00
YoY Change		-100.0%
Total Long-Term Assets	$38.52M	$46.34M
YoY Change	-16.87%	-22.58%
TOTAL ASSETS
Total Short-Term Assets	$33.58M	$32.54M
Total Long-Term Assets	$38.52M	$46.34M
Total Assets	$72.10M	$78.88M
YoY Change	-8.6%	-5.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$359.4K	$180.3K
YoY Change	99.29%	-24.14%
Accrued Expenses	$802.3K	$600.0K
YoY Change	33.72%	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	$1.996M	$1.199M
YoY Change	66.44%	-8.37%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$548.9K	$700.0K
YoY Change	-21.59%	600.0%
Total Long-Term Liabilities	$548.9K	$700.0K
YoY Change	-21.59%	600.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.996M	$1.199M
Total Long-Term Liabilities	$548.9K	$700.0K
Total Liabilities	$2.545M	$2.065M
YoY Change	23.26%	48.12%
SHAREHOLDERS EQUITY
Retained Earnings	$49.15M	$55.62M
YoY Change	-11.64%	-9.8%
Common Stock	$19.39M	$19.44M
YoY Change	-0.21%	-2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$69.56M	$76.82M
YoY Change
Total Liabilities & Shareholders Equity	$72.10M	$78.88M
YoY Change	-8.6%	-5.54%

Cashflow Statement

Concept	2021 Q2	2020 Q2
OPERATING ACTIVITIES
Net Income	$3.580M	$2.412M
YoY Change	48.41%	-33.14%
Depreciation, Depletion And Amortization	$140.4K	$129.6K
YoY Change	8.34%	-3.79%
Cash From Operating Activities	$3.300M	$3.172M
YoY Change	4.03%	-30.09%
INVESTING ACTIVITIES
Capital Expenditures	$25.68K	$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change
Cash From Investing Activities	-$25.68K	$0.00
YoY Change		-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$4.833M	-$4.835M
YoY Change	-0.04%	-0.23%
NET CHANGE
Cash From Operating Activities	$3.300M	$3.172M
Cash From Investing Activities	-$25.68K	$0.00
Cash From Financing Activities	-$4.833M	-$4.835M
Net Change In Cash	-$1.559M	-$1.663M
YoY Change	-6.26%	-126.98%
FREE CASH FLOW
Cash From Operating Activities	$3.300M	$3.172M
Capital Expenditures	$25.68K	$0.00
Free Cash Flow	$3.275M	$3.172M
YoY Change	3.22%	-29.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2021Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	6000000
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CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4833232
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CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4833232
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CY2021Q2	nvec	Number Of Other Than Temporarily Impaired Available Forsale Securities NumberOfOtherThanTemporarilyImpairedAvailableForsaleSecurities	0	pure
CY2021Q2	nvec	Number Of Other Than Temporarily Impaired Marketable Securities NumberOfOtherThanTemporarilyImpairedMarketableSecurities	0	pure
CY2021Q2	nvec	Number Of Other Than Temporarily Impaired Marketable Securities NumberOfOtherThanTemporarilyImpairedMarketableSecurities	0	pure
CY2021Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2021Q2	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	0	USD
CY2021Q2	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	0	USD
CY2021Q2	us-gaap	Open Tax Year OpenTaxYear	2016 2017 2018 2019 2020
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CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1964281	USD
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CY2020Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4833232
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4835038
CY2021Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3589
CY2020Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	119
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4836821
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4835157
CY2021Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	62756448	USD
CY2021Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	25293411	USD
CY2021Q2	nvec	Debt Securities Available For Sale Securitiest Maturity Allocated And Signle Maturity Date One Through Three Years Fair Value DebtSecuritiesAvailableForSaleSecuritiestMaturityAllocatedAndSignleMaturityDateOneThroughThreeYearsFairValue	27108299	USD
CY2021Q2	nvec	Debt Securities Available For Sale Securities Maturity Allocated And Single Maturity Date Three Through Five Years Fair Value DebtSecuritiesAvailableForSaleSecuritiesMaturityAllocatedAndSingleMaturityDateThreeThroughFiveYearsFairValue	10354738	USD
CY2021Q2	nvec	Available For Sale Debt Securitites Percent Of Total Assets AvailableForSaleDebtSecurititesPercentOfTotalAssets	0.87	pure
CY2021Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	61462346	USD
CY2021Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1389752	USD
CY2021Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	95650	USD
CY2021Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	62756448	USD
CY2021Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	63451301	USD
CY2021Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1570195	USD
CY2021Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	160674	USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	64860822	USD
CY2021Q2	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent DefinedContributionPlanEmployerMatchingContributionPercent	1	pure
CY2021Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	10354738	USD
CY2021Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	95650	USD
CY2021Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	0	USD
CY2021Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	-0	USD
CY2021Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	10354738	USD
CY2021Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	95650	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	10322539	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	160674	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	0	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	-0	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	10322539	USD
CY2021Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	160674	USD
CY2021Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	696047	USD
CY2021Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	660678	USD
CY2021Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2399064	USD
CY2021Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	2220723	USD
CY2021Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	574915	USD
CY2021Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1019376	USD
CY2021Q2	us-gaap	Inventory Net InventoryNet	3670026	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	3900777	USD
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7238	USD
CY2020Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2707	USD
CY2021Q2	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.03	pure
CY2021Q2	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	28584	USD
CY2020Q2	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	25381	USD
CY2021Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	42516	USD
CY2021Q2	us-gaap	Variable Lease Cost VariableLeaseCost	31028	USD
CY2021Q2	us-gaap	Lease Cost LeaseCost	73544	USD
CY2021Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	37962	USD
CY2021Q2	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P57M
CY2021Q2	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.035	pure
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	114740	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	156121	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	159592	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	163224	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	165947	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	759624	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	59655	USD
CY2021Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	699969	USD

Files In Submission

Name	View Source	Status
0001437749-21-017294-index-headers.html	Edgar Link	pending
0001437749-21-017294-index.html	Edgar Link	pending
0001437749-21-017294.txt	Edgar Link	pending
0001437749-21-017294-xbrl.zip	Edgar Link	pending
ex_263009.htm	Edgar Link	pending
ex_263010.htm	Edgar Link	pending
ex_263011.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nve-logo.gif	Edgar Link	pending
nvec-20210630.xsd	Edgar Link	pending
nvec-20210630_cal.xml	Edgar Link	unprocessable
nvec-20210630_def.xml	Edgar Link	unprocessable
nvec-20210630_lab.xml	Edgar Link	unprocessable
nvec-20210630_pre.xml	Edgar Link	unprocessable
nvec20210630_10q.htm	Edgar Link	pending
nvec20210630_10q_htm.xml	Edgar Link	completed
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$NVEC
NVE CORP /NEW/ Stock $nvec

2021 Q2 Form 10-Q Financial Statement

#000143774921017294 Filed on July 21, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVEC NVE CORP /NEW/ Stock $nvec

2021 Q2 Form 10-Q Financial Statement

#000143774921017294 Filed on July 21, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVEC
NVE CORP /NEW/ Stock $nvec