OverviewSuggest Edit

NVE develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The Company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. NVE has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.

TypePublic
Founded1989
HQEden Prairie, US
Websitenve.com
Employee Ratings3.5
Culture scoreC

Latest Updates

Employees (est.) (Mar 2019)48(+7%)
Revenue (FY, 2020)$25.4 M(-4%)
Share Price (May 2020)$60.5 (+4%)

NVE Office Locations

NVE has an office in Eden Prairie
Eden Prairie, US (HQ)
11409 Valley View Rd
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NVE Financials and Metrics

NVE Revenue

NVE's revenue was reported to be $25.41 m in FY, 2020
USD

Revenue (FY, 2020)

25.4m

Gross profit (FY, 2020)

20.5m

Gross profit margin (FY, 2020), %

80.8%

Net income (FY, 2020)

14.5m

EBIT (FY, 2020)

15.5m

Market capitalization (29-May-2020)

292.7m

Closing stock price (29-May-2020)

60.5

Cash (31-Mar-2020)

8.1m

EV

285.4m
NVE's current market capitalization is $292.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2017FY, 2019FY, 2020

Revenue

31.2m28.6m27.0m25.9m30.6m27.7m28.3m29.9m26.5m25.4m

Revenue growth, %

(8%)(5%)(4%)18%(9%)

Cost of goods sold

6.1m6.3m5.2m4.9m

Gross profit

22.2m23.6m21.3m20.5m
Quarterly
USDQ1, 2012Q2, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

8.2m6.6m28.6m7.5m5.8m6.5m6.2m22.0m7.1m7.5m6.3m6.3m6.5m6.5m

Cost of goods sold

2.6m2.3m9.3m1.8m1.6m1.7m1.4m4.8m1.4m1.4m1.2m1.1m1.3m1.3m

Gross profit

5.6m4.3m19.3m5.7m4.2m4.8m4.8m17.2m5.7m6.2m5.1m5.2m5.2m5.2m

Gross profit Margin, %

68%65%67%76%72%73%78%78%80%82%81%83%79%80%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2017FY, 2019FY, 2020

Cash

1.4m952.2k1.5m2.5m1.3m9.4m7.5m8.2m4.8m6.9m8.1m

Accounts Receivable

3.4m3.0m2.7m

Prepaid Expenses

607.3k816.0k655.8k

Inventories

3.2m3.7m3.2m3.4m3.7m4.3m3.9m
Quarterly
USDQ1, 2012Q2, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.7m1.3m1.5m1.5m1.9m843.0k2.3m1.6m2.0m3.3m3.3m11.8m12.3m12.7m3.6m1.9m5.7m3.8m4.4m5.1m4.7m8.5m6.0m6.2m13.0m14.1m10.2m

Accounts Receivable

3.4m3.0m2.7m2.9m2.0m2.6m2.5m3.0m2.7m2.7m3.2m2.1m

Prepaid Expenses

1.0m1.4m1.2m1.2m1.3m1.3m1.1m650.7k755.8k646.9k847.3k845.2k

Inventories

3.4m3.4m3.2m3.5m3.5m3.8m3.2m3.1m3.0m3.3m3.4m3.7m3.2m3.1m3.1m3.2m2.9m3.2m3.2m3.5m3.6m3.6m3.6m4.1m4.2m4.4m4.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2017FY, 2019FY, 2020

Net Income

11.8m11.1m14.4m12.3m12.9m13.9m14.5m14.5m

Depreciation and Amortization

647.2k844.3k934.4k851.0k1.1m979.7k705.2k550.0k

Inventories

(107.2k)129.3k(535.2k)537.3k(153.1k)(292.1k)(614.4k)380.4k

Accounts Payable

(190.9k)(157.3k)303.2k(611.3k)77.9k37.1k(154.0k)405.5k
Quarterly
USDQ1, 2012Q2, 2012Q4, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.4m2.6m11.4m3.4m5.8m8.7m2.6m5.8m8.6m4.0m7.9m10.7m3.8m7.1m9.7m3.1m6.4m9.9m3.3m6.5m10.0m3.9m8.2m11.6m3.6m7.4m11.2m

Depreciation and Amortization

113.5k500.1k139.3k291.5k457.9k190.1k380.3k601.2k230.9k464.5k698.8k206.8k414.6k628.2k194.0k392.5k868.2k242.2k480.1k726.8k179.7k357.2k531.7k134.7k266.9k403.7k

Inventories

(24.9k)114.5k(317.7k)(293.1k)(526.1k)104.7k236.1k306.7k(85.4k)(182.1k)(478.8k)571.9k594.6k633.6k18.8k296.4k42.8k109.6k(146.2k)(238.0k)28.8k74.5k(491.0k)45.1k(90.5k)105.1k

Accounts Payable

1.2m(187.9k)1.2m(60.6k)(211.1k)776.9k(54.2k)(221.0k)1.9m10.6k(20.1k)944.9k(412.8k)(625.4k)1.3m(674.0)162.9k1.4m(122.1k)(159.5k)625.7k(273.8k)(123.8k)296.7k(130.7k)(210.2k)
USDY, 2020

EV/EBIT

18.4 x

EV/CFO

18 x

Financial Leverage

1 x
Show all financial metrics

NVE Operating Metrics

FY, 2016

Patents (US)

50
Show all operating metrics

NVE Revenue Breakdown

Embed Graph

NVE revenue breakdown by business segment: 91.5% from Product Sales and 8.5% from Contract Research and Development

NVE Online and Social Media Presence

Embed Graph

NVE Company Culture

  • Overall Culture

    C

    72/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    97/100

Learn more on Comparably

NVE News and Updates

NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend

EDEN PRAIRIE, Minn., July 17, 2019 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2019.

NVE Corporation Schedules Conference Call on First-Quarter Results

EDEN PRAIRIE, Minn., July 08, 2019 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended June 30, 2019 on Wednesday, July 17, 2019 after the close of the Nasdaq Regular Market. The company will hold its quarterly conferenc…

NVE Corporation Reports Fourth Quarter and Fiscal Year Results and Announces Quarterly Dividend

EDEN PRAIRIE, Minn., May 01, 2019 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and fiscal year ended March 31, 2019. Total revenue for the fourth quarter of fiscal 2019 decreased 29% to $5.59 million from $7.90 million in the prior-year quar…

NVE Schedules Conference Call on Fourth-Quarter and Fiscal Year Results

EDEN PRAIRIE, Minn., April 22, 2019 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq:NVEC) announced that it plans to release its financial results for the quarter and fiscal year ended March 31, 2019 on Wednesday, May 1, 2019 after the close of the Nasdaq Regular Market. The company will hold its quar…

NVE Experience Agency, Harvard Professor Create The Attention Quotient™ to Measure Event Marketing's Impact

BEVERLY HILLS, Calif., Feb. 13, 2019 /PRNewswire/ -- Today, NVE announced The Attention Quotient™, a proprietary and first of its kind measurement framework, designed in partnership with Thales Teixeira of Harvard University to measure the full impact of live brand experiences. A leading...

NVE Corporation Reports Third Quarter Results and Announces Quarterly Dividend

EDEN PRARIE, Minn., Jan. 23, 2019 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and nine months ended December 31, 2018.
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NVE Frequently Asked Questions

  • When was NVE founded?

    NVE was founded in 1989.

  • How many employees does NVE have?

    NVE has 48 employees.

  • What is NVE revenue?

    Latest NVE annual revenue is $25.4 m.

  • What is NVE revenue per employee?

    Latest NVE revenue per employee is $529.4 k.

  • Who are NVE competitors?

    Competitors of NVE include Nanophase Technologies, Canatu and Nicoya Lifesciences.

  • Where is NVE headquarters?

    NVE headquarters is located at 11409 Valley View Rd, Eden Prairie.

  • Where are NVE offices?

    NVE has an office in Eden Prairie.

  • How many offices does NVE have?

    NVE has 1 office.