
Overview
NVE fiscal Q1 revenue falls 10% yr/yr due to lower product sales
Net income for fiscal Q1 declines 13% yr/yr
Co, which makes sensors and couplers used to acquire and transmit data, announces quarterly dividend of $1.00 per share
Outlook
NVE does not provide specific future financial guidance in its press release
Result Drivers
PRODUCT SALES DECLINE - 11% decrease in product sales contributed to lower revenue
R&D REVENUE INCREASE - 17% rise in contract research and development revenue partially offset revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $6.10 mln |
|
Q1 EPS |
| $0.74 |
|
Q1 Net Income |
| $3.58 mln |
|
Press Release: ID:nBw1X5kgma