10-Q Filing

NVE CORP /NEW/ CIK: 724910 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000724910-12-000006`
Period End Date	20111231
Filing Date	20120118
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	nvec-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 50

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$438.33K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$12.09M	USD	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$7.97M	USD	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$3.60M	USD	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.78M	shares	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.82M	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$3.46M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.78M	shares	Point-in-time
Inventories	`InventoryNet`	$3.32M	USD	Point-in-time
Inventories	`InventoryNet`	$3.34M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$282.14K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.19M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.05M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$6.80M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$6.18M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$612.68K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$693.59K	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$7.49M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$6.79M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.26M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.56M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$1.53M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$1.93M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$56.38M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$53.26M	USD	Point-in-time
Total assets	`Assets`	$79.07M	USD	Point-in-time
Total assets	`Assets`	$71.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$596.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$731.58K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$987.40K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$805.69K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$146.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,776,198 issued and outstanding as of September 30 and March 31, 2011	`CommonStockValue`	$48.25K	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,776,198 issued and outstanding as of September 30 and March 31, 2011	`CommonStockValue`	$47.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$395.90K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$77.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$79.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$71.84M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$17.98M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$6.69M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$19.29M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$5.39M	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$3.72M	USD	3 Qtrs
Contract research and development	`ContractsRevenue`	$763.77K	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$3.00M	USD	3 Qtrs
Contract research and development	`ContractsRevenue`	$1.28M	USD	1 Quarter
Total revenue	`Revenues`	$6.16M	USD	1 Quarter
Total revenue	`Revenues`	$7.96M	USD	1 Quarter
Total revenue	`Revenues`	$20.97M	USD	3 Qtrs
Total revenue	`Revenues`	$23.01M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$2.46M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.17M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$7.14M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$7.05M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.87M	USD	3 Qtrs
Gross profit	`GrossProfit`	$13.92M	USD	3 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.90M	USD	3 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$638.22K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$520.04K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.74M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$330.68K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$982.22K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.83M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$718.69K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.88M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$1.24M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.57M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$968.90K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.35M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.74M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.99M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.53M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.75M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$512.20K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$591.69K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.49M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.47M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.11M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.34M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.78M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.83M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.28M	USD	3 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$2.06	USD	3 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$2.00	USD	3 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$1.71	USD	3 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.74M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.79M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.81M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.71M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.84M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.85M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.87M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.28M	USD	3 Qtrs
Depreciation	`Depreciation`	$290.80K	USD	3 Qtrs
Depreciation	`Depreciation`	$361.21K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$80.16K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$76.72K	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$160.01K	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-37.27K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$174.39K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-140.20K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-750.13K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.46M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-26.02K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.27K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$321.54K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-70.62K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-317.09K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-20.83K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.95M	USD	3 Qtrs
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$501.96K	USD	3 Qtrs
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$762.01K	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.04M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.55M	USD	3 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.74M	USD	3 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.48M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.06M	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$159.15K	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$36.00	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$160.01K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.00	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$319.16K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-210.88K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-513.88K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$438.33K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$438.33K	USD	Point-in-time
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$3.70M	USD	3 Qtrs
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$4.79M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.