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Earnings Call Summary | NVE Corp(NVEC.US) Q4 2024 Earnings Conference

moomoo AI ·  May 2 08:35  · Conference Call

The following is a summary of the NVE Corporation (NVEC) Q4 2024 Earnings Call Transcript:

Financial Performance:

  • NVE Corporation's Q4 revenue declined 45% due to a 43% fall in product sales and 88% decrease in contract research and development revenue.

  • Despite lower revenues, the company maintained solid profitability, with earnings of $0.79 per share.

  • The gross margin was 75% and net margin was 54%.

  • Fiscal 2024 saw a decrease in revenue by 22% and net income was down by 25% compared to the previous year.

Business Progress:

  • NVE expanded its product line, launching new magnetometers and product evaluation boards.

  • The company is planning a significant capital expansion, allocating $4-5 million in fiscal years 2025 and 2026 to enhance its capacity and capabilities.

  • The future appears promising for NVE, as they anticipate lucrative opportunities in industries such as electric vehicles and clean energy.

More details: NVE Corp IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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