| Overview |
NVE Corporation s a leader in the practical
commercialization of spintronics, a nanotechnology that relies on electron spin
rather than electron charge to acquire, store and transmit information.
The company manufactures high-performance spintronic products including sensors
and couplers that are used to acquire and transmit data.
NVE’s award-winning products are smaller, more precise, higher speed, and more
rugged than conventional devices. |
| Historical Highlights |
| 1989 |
– |
Founded as Nonvolatile Electronics, Inc. in Edina, Minn. |
|
| 1990 |
– |
First government contracts
(from the National Science Foundation and U.S. Navy) |
|
| 1993 |
– |
First patent (“Offset magnetoresistive memory structures”) |
|
| 1994 |
– |
Moved into a portion of current location in Eden Prairie, Minn. |
| |
– |
First commercial spintronic sensor (NVSB50) |
|
| 1995 |
– |
MRAM Patent License Option Agreement with Motorola |
|
| 2000 |
– |
Formal name changed to NVE Corporation |
|
– |
Introduced spintronic couplers |
|
| 2001 |
– |
Distribution agreement with Digi-Key |
|
– |
Pioneer MRAM patent (“Spin-dependent tunneling memory”) |
|
| 2002 |
– |
Expanded into entire building at current location |
|
| 2003 |
– |
NASDAQ direct listing (initial price of $7.85 per share) |
|
| 2004 |
– |
Initial orders from Starkey Laboratories |
|
| 2006 |
– |
St. Jude Medical Supplier Partnering Agreement |
|
| 2007 |
– |
Newark distribution agreement |
|
| 2008 |
– |
IL500 series of spintronic couplers |
|
| 2009 |
– |
Tunneling Magnetoresistive angle sensors |
|
| 2010 |
– |
Controller Area Network couplers |
|
| 2011 |
– |
Long-term agreements with St. Jude Medical and Phonak AG |
|
| 2013 |
– |
Completed major expansion |
|
| 2014 |
– |
Quarter-size couplers |
|
| 2015 |
– |
6 kilovolt couplers |
|
| 2016 |
– |
Rotation sensors |
|
| 2017 |
– |
40 Mbps quarter-size transceivers |
|
| 2018 |
– |
Smart magnetometers |
| |
– |
Tunneling Magnetoresistive couplers |
|
| 2019 |
– |
Smart angle sensors |
|
| 2020 |
– |
Ultrarugged couplers |
| |
– |
World’s smallest DC-DC convertors |
|
| Major Product Lines |
• Spintronic
sensors
• IsoLoop® Spintronic
Couplers |
| Important Customers |
• Abbott Laboratories
• Sonova AG
• Digi-Key Corporation |
Financial Highlights
(from our Annual Report on Form
10-K for the fiscal year ended 3/31/20)
|
• $25.4 million total revenue
• $3.00/share net income
• $15.9 million operating cash flow
• 81% gross margin; 60% operating margin; 55% net margin
• $70.8 million cash plus marketable securities |
Awards and Accolades
More > |
• 2015 Technology Leadership
Award for Spintronic Magnetic Sensors (Frost & Sullivan)
• America’s 100 Best Small Companies four consecutive years (Forbes)
• 2009 Top Product of the Year (Medical Product Manufacturing News) |
| Dividend |
$1.00/share quarterly dividends since
2015 |
Rankings
More > |
| #1 |
Return on revenue among largest Minnesota-based publicly-traded companies
(The Business Journal) |
|
| #1 |
Dividend yield in the semiconductors industry (SmarTrend) |
|
| #10 |
Ten-year total return among Minnesota public companies through 2017 (Star
Tribune) |
|
Stock Symbol
|
Nasdaq: NVEC |
| Shares Outstanding |
4,835,038 shares outstanding as of June 12, 2020 |
Stock Indices
More > |
Russell 2000®, NASDAQ Industrial
Index, SmallTimes Nanotech Index, NASDAQ U.S. Benchmark Electronic Equipment
Index |
| Employees |
46 as of March 31, 2020 |
Patents
More Info > |
• More than 50 issued U.S.
patents
• Over 100 patents worldwide either issued, pending,
or licensed from others |
| Facility |
Eden Prairie, Minnesota
Approximately 21,000 square feet of laboratories, offices, and production |
| Headquarters |
11409 Valley View Road
Eden Prairie, MN 55344
(952) 829-9217 |
