![NVE CORP /NEW/ [NVEC] posts $4.23M profit as revenue falls 30.94% to $7.40M](/_next/image?url=http%3A%2F%2F10kinfo-appdata.s3.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FNVEC.png&w=3840&q=75)
NVE CORP /NEW/ [NVEC] posts $4.23M profit as revenue falls 30.94% to $7.40M
By USInMinutes
Published - Jan 26, 2023, 10:34 PM ET
Last Updated - Feb 07, 2023, 01:55 AM EST
| EPS: | 0.88 | Net Sales: | $7.40M |
NVE CORP /NEW/ [NVEC] posted a profit of $4.23M, marking a fall of 30.52% for this quarter.
Revenue fell to $7.40M this quarter compared to $10.72M in the previous quarter.
The Minnesota(MN)-based company’s earnings per share came in at 0.88
According to the latest quarterly report the company has filed with the SEC, current earnings were $4.23M, down 30.52% from $6.09M.
The company’s net sales for the period were $7.40M, down 30.94%. Net sales in the previous quarter were $10.72M.
