NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for industrial Internet of Things market. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
Revenue of NVE Corporation (NVEC)
Revenue in 2024 (TTM): $29.8 M
According to NVE Corporation's latest financial reports the company's current revenue (TTM) is $29.8 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of NVE Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2024 | $29.8 M | $23.03 M | $18.83 M | $20.47 M | $17.12 M |
| 2023 | $38.25 M | $30.19 M | $25.64 M | $27.09 M | $22.69 M |
| 2022 | $26.99 M | $20.72 M | $16.75 M | $17.5 M | $14.51 M |
| 2021 | $21.37 M | $17.24 M | $13.29 M | $14.24 M | $11.69 M |
| 2020 | $25.41 M | $20.52 M | $16.06 M | $17.3 M | $14.53 M |
| 2019 | $26.47 M | $21.26 M | $16.63 M | $17.71 M | $14.51 M |
| 2018 | $29.86 M | $23.59 M | $19.43 M | $20.01 M | $13.91 M |
| 2017 | $28.33 M | $22.25 M | $18.59 M | $19.1 M | $12.95 M |
| 2016 | $27.72 M | $21.1 M | $17.14 M | $18.18 M | $12.29 M |
| 2015 | $30.58 M | $24.56 M | $20.19 M | $21.44 M | $14.37 M |
| 2014 | $25.93 M | $20.21 M | $15.24 M | $16.52 M | $11.14 M |
| 2013 | $27.03 M | $20.01 M | $15.84 M | $17.56 M | $11.83 M |
| 2012 | $28.58 M | $19.25 M | $14.77 M | $16.62 M | $11.38 M |
| 2011 | $31.2 M | $21.41 M | $18.08 M | $19.69 M | $13.36 M |
| 2010 | $28.15 M | $19.83 M | $16.69 M | $17.92 M | $12 M |
| 2009 | $23.37 M | $16.65 M | $14.9 M | $14.43 M | $9.78 M |
| 2008 | $20.53 M | $13.7 M | $10.61 M | $11.08 M | $7.19 M |
| 2007 | $16.46 M | $10.67 M | $7.08 M | $7.19 M | $4.78 M |
| 2006 | $12.17 M | $5.95 M | $3.04 M | $2.84 M | $1.8 M |
| 2005 | $11.62 M | $4.6 M | $1.92 M | $1.62 M | $1.76 M |
| 2004 | $12.01 M | $4.57 M | $1.63 M | $1.87 M | $2.11 M |
| 2003 | $9.45 M | $3.54 M | $901.48 K | $646.85 K | $646.85 K |
| 2002 | $7 M | $1.17 M | $-1,885,202 | $-2,100,442 | $-2,100,442 |
| 2001 | $7.17 M | $6.78 M | $623.31 K | $127.26 K | $127.26 K |
| 2000 | $3.86 M | $3.68 M | $3.25 M | $4.94 M | $4.7 M |
| 1999 | $5.5 M | $5.2 M | $1.2 M | $-200,000 | $300 K |
| 1998 | $5.95 M | $2.48 M | $-2,099,486 | $-2,342,313 | $-2,426,214 |
| 1997 | $8.75 M | $4.13 M | $-5,694,109 | $-5,843,097 | $-6,161,875 |
| 1996 | $5.9 M | $2.87 M | $1.46 M | $1.35 M | $827.63 K |