NVE Corp
NASDAQ:NVEC
Income Statement
Earnings Waterfall
NVE Corp
Revenue
|
35.5m
USD
|
Cost of Revenue
|
-7.6m
USD
|
Gross Profit
|
28m
USD
|
Operating Expenses
|
-4.6m
USD
|
Operating Income
|
23.4m
USD
|
Other Expenses
|
-1.8m
USD
|
Net Income
|
21.5m
USD
|
Income Statement
NVE Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
27
N/A
|
26
-5%
|
28
+9%
|
29
+3%
|
29
-1%
|
31
+5%
|
30
0%
|
29
-3%
|
29
-1%
|
28
-5%
|
26
-6%
|
26
+0%
|
28
+6%
|
28
+3%
|
29
+3%
|
29
-1%
|
29
0%
|
30
+4%
|
29
-2%
|
30
+2%
|
29
-4%
|
26
-8%
|
26
-3%
|
25
-4%
|
25
+1%
|
25
+2%
|
24
-7%
|
22
-9%
|
22
+0%
|
21
-1%
|
24
+12%
|
26
+10%
|
26
-1%
|
27
+3%
|
27
+1%
|
31
+14%
|
32
+4%
|
38
+19%
|
40
+4%
|
36
-9%
|
36
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
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(6)
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(6)
|
(6)
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(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
|
Gross Profit |
21
N/A
|
20
-4%
|
22
+10%
|
23
+4%
|
23
-1%
|
25
+7%
|
24
-2%
|
23
-4%
|
23
-1%
|
21
-7%
|
20
-5%
|
20
0%
|
21
+7%
|
22
+4%
|
23
+2%
|
23
+0%
|
23
-1%
|
24
+5%
|
23
0%
|
24
+2%
|
23
-3%
|
21
-9%
|
21
-2%
|
20
-5%
|
20
+1%
|
21
+3%
|
19
-7%
|
17
-9%
|
18
+1%
|
17
-2%
|
19
+9%
|
21
+10%
|
20
-3%
|
21
+3%
|
21
+1%
|
24
+14%
|
25
+4%
|
30
+20%
|
31
+4%
|
28
-9%
|
28
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
Selling, General & Administrative |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Research & Development |
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Operating Income |
15
N/A
|
14
-5%
|
17
+15%
|
18
+6%
|
18
+0%
|
19
+10%
|
19
-2%
|
18
-4%
|
18
-1%
|
16
-9%
|
15
-6%
|
15
0%
|
17
+9%
|
17
+5%
|
18
+2%
|
18
-1%
|
17
-1%
|
18
+6%
|
18
-1%
|
19
+3%
|
18
-4%
|
16
-12%
|
15
-3%
|
14
-6%
|
15
+3%
|
16
+4%
|
14
-9%
|
13
-11%
|
13
+3%
|
13
-1%
|
14
+13%
|
16
+13%
|
16
-2%
|
16
+4%
|
17
+4%
|
20
+18%
|
21
+4%
|
26
+23%
|
26
+3%
|
24
-10%
|
23
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
|
Pre-Tax Income |
17
N/A
|
17
-5%
|
19
+13%
|
20
+6%
|
20
+0%
|
21
+8%
|
21
-2%
|
20
-4%
|
20
-2%
|
18
-9%
|
17
-6%
|
17
0%
|
18
+8%
|
19
+4%
|
19
+1%
|
19
-1%
|
19
-1%
|
20
+6%
|
20
0%
|
21
+3%
|
20
-4%
|
18
-10%
|
17
-3%
|
16
-5%
|
17
+2%
|
17
+4%
|
16
-8%
|
14
-10%
|
14
+2%
|
14
-2%
|
16
+10%
|
17
+11%
|
17
-3%
|
18
+3%
|
18
+3%
|
21
+18%
|
22
+4%
|
27
+22%
|
28
+3%
|
25
-9%
|
25
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
|
Income from Continuing Operations |
12
|
11
|
13
|
13
|
13
|
14
|
14
|
14
|
13
|
12
|
12
|
12
|
13
|
13
|
13
|
13
|
13
|
14
|
15
|
16
|
16
|
15
|
14
|
14
|
14
|
15
|
13
|
12
|
12
|
12
|
13
|
14
|
14
|
15
|
15
|
18
|
18
|
23
|
23
|
22
|
22
|
|
Net Income (Common) |
12
N/A
|
11
-5%
|
13
+13%
|
13
+5%
|
13
+0%
|
14
+8%
|
14
-2%
|
14
-4%
|
13
-2%
|
12
-8%
|
12
-5%
|
12
N/A
|
13
+8%
|
13
+3%
|
13
+1%
|
13
-1%
|
13
+1%
|
14
+7%
|
15
+5%
|
16
+8%
|
16
-1%
|
15
-7%
|
14
-2%
|
14
-3%
|
14
+2%
|
15
+4%
|
13
-8%
|
12
-12%
|
12
+2%
|
12
-2%
|
13
+10%
|
14
+11%
|
14
-3%
|
15
+5%
|
15
+4%
|
18
+16%
|
18
+4%
|
23
+24%
|
23
+1%
|
22
-6%
|
22
0%
|
|
EPS (Diluted) |
2.4
N/A
|
2.29
-5%
|
2.59
+13%
|
2.73
+5%
|
2.73
N/A
|
2.95
+8%
|
2.9
-2%
|
2.78
-4%
|
2.74
-1%
|
2.53
-8%
|
2.4
-5%
|
2.4
N/A
|
2.59
+8%
|
2.68
+3%
|
2.71
+1%
|
2.68
-1%
|
2.69
+0%
|
2.86
+6%
|
3
+5%
|
3.23
+8%
|
3.2
-1%
|
2.99
-7%
|
2.92
-2%
|
2.83
-3%
|
2.89
+2%
|
3
+4%
|
2.75
-8%
|
2.42
-12%
|
2.46
+2%
|
2.42
-2%
|
2.66
+10%
|
2.95
+11%
|
2.86
-3%
|
3
+5%
|
3.12
+4%
|
3.63
+16%
|
3.79
+4%
|
4.7
+24%
|
4.75
+1%
|
4.47
-6%
|
4.46
0%
|