NVE Corp 2025年季度报告

FORM 10-Q (Mark One)☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period endedDecember 31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period fromto Commission File Number:000-12196 NVE CORPORATION (Exact name of registrant as specified in its charter) Minnesota(State or other jurisdiction of incorporation ororganization) 41-1424202 (I.R.S. Employer Identification No.) 11409 Valley View Road, Eden Prairie,Minnesota 55344 (Zip Code) (Address of principal executive offices) (952) 829-9217(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. ☐Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) duringthe preceding 12 months (or for such shorter period that the registrant was required to submit such files).☐Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuantto Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).☐Yes☐No Securities registered pursuant to Section 12(b) of the Act: Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latestpracticable date.Common Stock, $0.01 Par Value – 4,837,166 shares outstanding as of December 31, 2024. Table of Contents NVE CORPORATIONQUARTERLY REPORT ON FORM 10-QTABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Financial Statements Balance SheetsStatements of Income for the Quarters Ended December 31, 2024and 2023Statements of Comprehensive Income for the Quarters Ended December 31, 2024and 2023Statements of Income for the Nine Months Ended December 31, 2024and 2023Statements of Comprehensive Income for the Nine Months Ended December 31, 2024and 2023Statements of Cash Flows for the Nine MonthsEnded December 31, 2024and 2023Statements of Shareholders’ Equity for the Nine MonthsEnded December 31, 2024Statements of Shareholders’ Equity for the Nine Months Ended December 31, 2023Notes to Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 4. Controls and ProceduresPART II. OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 4. Mine Safety DisclosuresItem 6. ExhibitsSIGNATURES Table of Contents PART I–FINANCIAL INFORMATION *The March 31, 2024 Balance Sheet is derived from the audited financial statements contained in ourAnnual Report on Form 10-K for the fiscal year ended March 31, 2024. See accompanying notes. NVE CORPORATIONSTATEMENTS OF INCOME(Unaudited) STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) Table of Contents NVE CORPORATIONSTATEMENTS OF INCOME(Unaudited) STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) Nine Months EndedDecember 31, See accompanying notes. Table of Contents NVE CORPORATIONSTATEMENTS OF SHAREHOLDERS’EQUITY(Unaudited) See accompanying notes. Table of Contents NVE CORPORATIONNOTES TO FINANCIAL STATEMENTS(Unaudited) NOTE 1. DESCRIPTION OF BUSINESSWe develop and sell devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIESBasis of PresentationThe accompanying unaudited financial statements of NVE Corporation are prepared consistent with accounting principles generally accepted in the United States and in accordance with Securities andExchange Commission rules and regulations. In the opinion of management, these financial statementsreflect all adjustments, consisting only of normal and recurring adjustments, necessary for a fairpresentation of the financial statements. Although we believe that the disclosures are adequate to make theinformation presented not misleading, certain disclosures have been omitt