10-Q Filing

NVE CORP /NEW/ CIK: 724910 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000724910-12-000036`
Period End Date	20120930
Filing Date	20121017
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	nvec-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 48 Comprehensive Income 12

Balance Sheet 58 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`	$1.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	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`	$1.32M	USD	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$17.55M	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`	$15.91M	USD	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`	$2.68M	USD	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.83M	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.83M	shares	Point-in-time
Inventories	`InventoryNet`	$3.23M	USD	Point-in-time
Inventories	`InventoryNet`	$3.52M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.29M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.61M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$8.21M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.49M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$720.88K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$1.02M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$9.23M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$8.21M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.70M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.99M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$3.24M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$62.02M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$54.45M	USD	Point-in-time
Total assets	`Assets`	$89.87M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$657.07K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$663.70K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$867.33K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$813.41K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$136.87K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$452.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.92M	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,826,745 issued and outstanding as of September 30, 2012 and 4,824,745 issued and outstanding as of March 31, 2012	`CommonStockValue`	$48.27K	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,826,745 issued and outstanding as of September 30, 2012 and 4,824,745 issued and outstanding as of March 31, 2012	`CommonStockValue`	$48.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.11M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$87.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$89.87M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$5.23M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$5.56M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$12.58M	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$12.26M	USD	2 Qtrs
Contract research and development	`ContractsRevenue`	$591.46K	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$1.04M	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$2.23M	USD	2 Qtrs
Contract research and development	`ContractsRevenue`	$1.02M	USD	2 Qtrs
Total revenue	`Revenues`	$14.81M	USD	2 Qtrs
Total revenue	`Revenues`	$6.60M	USD	1 Quarter
Total revenue	`Revenues`	$13.29M	USD	2 Qtrs
Total revenue	`Revenues`	$5.82M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.41M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$4.87M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.61M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.94M	USD	2 Qtrs
Gross profit	`GrossProfit`	$9.88M	USD	2 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.22M	USD	2 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$607.69K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$606.85K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.14M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$611.60K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.30M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$612.26K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.11M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.44M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.33M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.43M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.10M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.61M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$597.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.16M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.18M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$621.95K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.70M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.62M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.77M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.62M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.78M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$1.26	USD	2 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$1.21	USD	2 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$1.19	USD	2 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$1.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.78M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.78M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.83M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.90M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.88M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Depreciation	`Depreciation`	$235.28K	USD	2 Qtrs
Depreciation	`Depreciation`	$291.53K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$80.16K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$66.72K	USD	2 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.38K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-18.86K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.27K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-624.70K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-723.16K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.17K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$293.11K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$169.69K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$127.90K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-324.24K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-60.56K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.38M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.43M	USD	2 Qtrs
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.02M	USD	2 Qtrs
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$294.23K	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$11.98M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$9.50M	USD	2 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.88M	USD	2 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.79M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.11M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.01M	USD	2 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$69.42K	USD	2 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.38K	USD	2 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.80K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$390.03K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$372.03K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	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`	$1.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	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`	$1.32M	USD	Point-in-time
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$2.95M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$2.92M	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-526.23K	USD	1 Quarter
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$532.03K	USD	2 Qtrs
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-424.94K	USD	2 Qtrs
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$617.65K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.35M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.57M	USD	2 Qtrs

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