NVE Fact Sheet
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NVE Fact Sheet

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
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 3/31/19)
• $26.5 million total revenue
• $2.99/share net income
• $14.2 million operating cash flow
• 80% gross margin; 60% operating margin; 55% net margin
• $74.3 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
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 4,846,010 shares outstanding as of April 26, 2019
Stock Indices
More >
Russell 2000®, NASDAQ Industrial Index, SmallTimes Nanotech Index, NASDAQ U.S. Benchmark Electronic Equipment Index
Employees 48 as of March 31, 2019
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