$NVEC

NVE CORP /NEW/

CIK:0000724910|SEC Filings

STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended
STATEMENTS OF INCOME (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Revenue
Product sales	$ 10,734,735	$ 5,908,570
Contract research and development	299,322	196,074
Revenues	11,034,057	6,104,644
Cost of sales	2,066,045	1,182,523
Gross profit	8,968,012	4,922,121
Expenses
Research and development	946,582	720,231
Selling, general, and administrative	755,594	418,640
Total expenses	1,702,176	1,138,871
Income from operations	7,265,836	3,783,250
Interest income	449,920	498,208
Other income	0	811
Income before taxes	7,715,756	4,282,269
Provision for income taxes	1,321,565	706,451
Net income	$ 6,394,191	$ 3,575,818
Net income per share - basic	$ 1.32	$ 0.74
Net income per share - diluted	1.32	0.74
Cash dividends declared per common share	$ 1	$ 1
Weighted average shares outstanding
Weighted Average Number of Shares Outstanding, Basic	4,837,166	4,837,166
Weighted Average Number of Shares Outstanding, Diluted	4,845,745	4,838,877

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 6,394,191	$ 3,575,818
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	232,350	85,399
Bond discount amortization	(30,842)	(96,506)
Stock-based compensation	14,049	6,838
Deferred income taxes	(108,644)	(3,040)
Non-cash operating lease credit	31,000	1,965
Changes in operating assets and liabilities
Accounts receivable	(3,136,772)	1,335,447
Inventories	409,594	(4,286)
Prepaid expenses and other assets	1,174,494	(196,757)
Accounts payable	(12,646)	(37,477)
Accrued payroll and other	339,544	523,259
Net cash provided by operating activities	5,306,318	5,190,660
INVESTING ACTIVITIES
Purchases of fixed assets	(56,833)	(1,058,524)
Purchases of marketable securities	(4,230,211)	(10,108,982)
Proceeds from maturities of marketable securities	5,000,000	6,000,000
Net cash provided by (used in) investing activities	712,956	(5,167,506)
FINANCING ACTIVITIES
Payment of dividends to shareholders	(4,837,166)	(4,837,166)
Net cash used in financing activities	(4,837,166)	(4,837,166)
Increase (decrease) in cash and cash equivalents	1,182,108	(4,814,012)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance	1,714,040	8,036,564
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance	2,896,148	3,222,552
Supplemental disclosures of cash flow information
Cash paid during the period for income taxes	$ 0	$ 0

BALANCE SHEETS (June 30, 2026 Unaudited) - USD ($)	Jun. 30, 2026	Mar. 31, 2026
Current assets
Cash and cash equivalents	$ 2,896,148	$ 1,714,040
Marketable securities, short-term	18,875,009	18,125,060
Accounts receivable, net of allowance for credit losses of $15,000	6,545,713	3,408,941
Inventories, net	6,673,227	7,082,821
Prepaid expenses and other assets	685,921	1,860,415
Total current assets	35,676,018	32,191,277
Fixed assets
Machinery and equipment	13,900,632	13,843,799
Leasehold improvements	2,059,853	2,059,853
Less accumulated depreciation and amortization	12,419,993	12,187,643
Net fixed assets	3,540,492	3,716,009
Marketable securities, long-term	22,137,350	23,678,452
Right-of-use asset - operating lease	763,080	793,794
Total assets	62,116,940	60,379,532
Long-Lived Assets	15,960,485	15,903,652
Current liabilities
Accounts payable	265,953	278,599
Accrued payroll and other	1,037,155	697,611
Operating lease	201,008	165,116
Total current liabilities	1,504,116	1,141,326
Deferred tax liabilities	128,217	248,284
Long-term operating lease liability	704,817	740,423
Total liabilities	2,337,150	2,130,033
Shareholders' equity
Common Stock, Value	48,372	48,372
Additional paid-in capital	19,928,818	19,914,769
Accumulated other comprehensive income (loss)	(72,793)	(32,010)
Retained earnings	39,875,393	38,318,368
Total shareholders' equity	59,779,790	58,249,499
Total liabilities and shareholders' equity	$ 62,116,940	$ 60,379,532