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 |
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Founded as Nonvolatile Electronics, Inc. in Edina, Minn. |
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1990 |
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First government contracts
(from the National Science Foundation and U.S. Navy) |
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1993 |
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First patent (Offset magnetoresistive memory structures) |
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1994 |
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Moved into a portion of current location in Eden Prairie, Minn. |
|
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First commercial spintronic sensor (NVSB50) |
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1995 |
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MRAM Patent License Option Agreement with Motorola |
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2000 |
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Formal name changed to NVE Corporation |
|
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Introduced spintronic couplers |
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2001 |
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Distribution agreement with Digi-Key |
|
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Pioneer MRAM patent (Spin-dependent tunneling memory) |
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2002 |
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Expanded into entire building at current location |
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2003 |
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NASDAQ direct listing (initial price of $7.85 per share) |
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2004 |
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Initial orders from Starkey Laboratories |
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2006 |
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St. Jude Medical Supplier Partnering Agreement |
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2007 |
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Newark distribution agreement |
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2008 |
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IL500 series of spintronic couplers |
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2009 |
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Tunneling Magnetoresistive angle sensors |
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2010 |
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Controller Area Network couplers |
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2011 |
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Long-term agreements with St. Jude Medical and Phonak AG |
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2013 |
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Completed major expansion |
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2014 |
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Quarter-size couplers |
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2015 |
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6 kilovolt couplers |
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2016 |
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Rotation sensors |
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2017 |
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40 Mbps quarter-size transceivers |
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2018 |
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Smart magnetometers |
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Tunneling Magnetoresistive couplers |
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2019 |
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Smart angle sensors |
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2020 |
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Ultrarugged couplers |
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Worlds smallest DC-DC convertors |
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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)
Americas 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) |
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#1 |
Dividend yield in the semiconductors industry (SmarTrend) |
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#10 |
Ten-year total return among Minnesota public companies through 2017 (Star
Tribune) |
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Stock Symbol
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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 |