10-Q Filing

NVE CORP /NEW/ CIK: 724910 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000724910-13-000004`
Period End Date	20121231
Filing Date	20130123
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	nvec-20121231.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
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$843.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$438.33K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$15.61M	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
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$2.62M	USD	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`	4.86M	shares	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.82M	shares	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Inventories	`InventoryNet`	$3.23M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Inventories	`InventoryNet`	$3.76M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.33M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.17M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$8.34M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.49M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$1.42M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$720.88K	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$8.21M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$9.76M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.70M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.10M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$3.66M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$54.45M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$64.77M	USD	Point-in-time
Total assets	`Assets`	$92.60M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$558.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$663.70K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$760.96K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$867.33K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$452.56K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$136.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.77M	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,860,436 issued and outstanding as of December 31, 2012 and 4,824,745 issued and outstanding as of March 31, 2012	`CommonStockValue`	$48.25K	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,860,436 issued and outstanding as of December 31, 2012 and 4,824,745 issued and outstanding as of March 31, 2012	`CommonStockValue`	$48.60K	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`	$1.09M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$90.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$92.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$18.03M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$5.76M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$17.98M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$5.39M	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$3.00M	USD	3 Qtrs
Contract research and development	`ContractsRevenue`	$1.79M	USD	3 Qtrs
Contract research and development	`ContractsRevenue`	$762.30K	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$763.77K	USD	1 Quarter
Total revenue	`Revenues`	$6.53M	USD	1 Quarter
Total revenue	`Revenues`	$19.81M	USD	3 Qtrs
Total revenue	`Revenues`	$6.16M	USD	1 Quarter
Total revenue	`Revenues`	$20.97M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$5.15M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$2.17M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$7.05M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$13.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.98M	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.71M	USD	3 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$570.74K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$1.74M	USD	3 Qtrs
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$520.04K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.83M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.80M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$501.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$718.69K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.24M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.52M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$1.07M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.57M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$10.35M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.15M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.74M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.71M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$591.69K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.75M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$600.39K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.93M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.31M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.34M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.11M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.83M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.21M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	3 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$1.80	USD	3 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Net income per share - basic	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$1.71	USD	3 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$1.80	USD	3 Qtrs
Net income per share - diluted	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.81M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.83M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.85M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.86M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.87M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	3 Qtrs
Depreciation	`Depreciation`	$457.94K	USD	3 Qtrs
Depreciation	`Depreciation`	$361.21K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$80.16K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$66.72K	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.38K	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$27.32K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-37.27K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-63.06K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-140.20K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-26.02K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$526.15K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.27K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$173.17K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-317.09K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-211.14K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.42M	USD	3 Qtrs
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.61M	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`	$17.44M	USD	3 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.85M	USD	3 Qtrs
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.74M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.06M	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$36.00	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$69.43K	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.38K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.81K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.00	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-701.51K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-513.88K	USD	3 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`	$843.02K	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`	$438.33K	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`	$843.02K	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`	$438.33K	USD	Point-in-time
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$3.70M	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$4.22M	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.28M	USD	3 Qtrs
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$509.55K	USD	3 Qtrs
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-664.54K	USD	3 Qtrs
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-239.60K	USD	1 Quarter
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-22.47K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$7.62M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.23M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.05M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.88M	USD	1 Quarter

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