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<SEC-DOCUMENT>0000724910-03-000009.txt : 20030717
<SEC-HEADER>0000724910-03-000009.hdr.sgml : 20030717
<ACCEPTANCE-DATETIME>20030717162005
ACCESSION NUMBER:		0000724910-03-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030717
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NVE CORP /NEW/
		CENTRAL INDEX KEY:			0000724910
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				411424202
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03791445

	BUSINESS ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344
		BUSINESS PHONE:		9528299217

	MAIL ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PREMIS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pr8k1q.txt
<TEXT>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 8-K

                                 CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)  July 17, 2003
                                                  -------------

                                 NVE Corporation
                                 ---------------
             (Exact name of registrant as specified in its charter)

         Minnesota                     000-12196                 41-1424202
- -------------------------------------------------------------------------------
(State or other jurisdiction          (Commission             (IRS Employer
      of incorporation)               File Number)          Identification No.)


11409 Valley View Road, Eden Prairie, Minnesota                        55344
- -------------------------------------------------------------------------------
    (Address of principal executive offices)                         (Zip Code)

Issuer's telephone number, including area code  (952) 829-9217
                                                --------------


- -------------------------------------------------------------------------------
        (Former name or former address, if changed since last report.)
<PAGE>

Item 7. Financial Statements and Exhibits
       (c) Exhibits
           Exhibit 99 - Press release of NVE Corporation dated July 17, 2003
           reporting results for the quarter ended June 30, 2003.

Item 9. Regulation FD Disclosure
       Attached as Exhibit 99 is a press release of NVE Corporation reporting
results from the quarter ended June 30, 2003 and updating the Company's
earnings guidance. This information is being provided under Item 12, Results of
Operations and Financial Condition.

       The information in this report, including the exhibits hereto, shall not
be deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liability of that section.
The information contained herein and in the accompanying exhibits shall not be
incorporated by reference into any filing with the U.S. Securities and Exchange
Commission made by us, whether made before or after the date hereof, regardless
of any general incorporation language in such filing.
<PAGE>
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized:

                                           NVE CORPORATION

Date: July 17, 2003                        /s/ Daniel A. Baker
                                           -------------------
                                           By: Daniel A. Baker
                                           President and Chief Executive Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>nr1q04.txt
<DESCRIPTION>PRESS RELEASE - NVE REPORTS QUARTERLY RESULTS
<TEXT>
              NVE Corporation Reports Quarterly Results
            Commercial product revenues more than double

EDEN PRAIRIE, Minn.--July 17, 2003--NVE Corporation (NasdaqSC: NVEC) today
announced financial results for its first quarter ended June 30, 2003.

Total revenue was $2.82 million compared to $2.16 million for the prior-year
quarter, an increase of 30%. Commercial product sales for the current
quarter increased 108% over the prior-year quarter. Net income for the
current quarter was $334,418 or $.07 per diluted share, compared to $92,229
or $.02 per share for the prior-year quarter.

The prior-year quarter included $247,917 in non-recurring license and
technology partnership revenue. Those non-recurring items contributed income
of $.06 per diluted share in the prior-year quarter. The cessation of non-
recurring items was more than offset by increases in product sales and
contract research and development revenue.

"We're pleased to report that quarterly results exceeded our expectations,"
commented President and Chief Executive Officer Daniel A. Baker, Ph.D.
"Product sales grew rapidly and improved product yields led to higher than
expected profit margins."

The company revised its guidance to $0.10 to $0.15 per diluted share net
income for the fiscal year ending March 31, 2004. The company had previously
issued guidance of $0.01 to $0.08 per diluted share net income.

NVE is a leader in the practical commercialization of "spintronics," which
many experts believe represents the next generation of microelectronics.
NVE's products include sensors and couplers which revolutionize data
acquisition and transfer in industrial automation and networks.

Statements used in this press release that relate to future plans, events,
financial results or performance are forward-looking statements that are
subject to certain risks and uncertainties including, among others, such
factors as industry economic trends, the company's ability to meet stringent
customer technical requirements, the awarding of future government
contracts, continued eligibility for SBIR awards, as well as the risk
factors listed from time to time in the company's filings with the SEC,
including the Company's Annual Report on Form 10-KSB and other periodic
reports filed with the SEC.

                                   ###

Contact: Daniel A. Baker, President and Chief Executive Officer,
(952) 996-1628

<PAGE>

                           NVE Corporation
                  CONDENSED STATEMENTS OF OPERATIONS
              THREE MONTHS ENDED JUNE 30, 2003 AND 2002
              (IN THOUSANDS EXCEPT PER SHARE; UNAUDITED)


Three months ended                      June 30, 2003   June 30, 2002
Revenue:
  Contract research and development           $ 1,721         $ 1,536
  Product sales                                 1,099             529
  License revenue                                   -            98
                                        --------------  --------------
Total revenue                                   2,820           2,163

Total expenses                                  2,486           2,071
                                        --------------  --------------
Net income                                    $   334         $    92
                                        ==============  ==============

Weighted average shares outstanding             4,571           4,342
Net income per share - diluted                $  0.07         $  0.02

<PAGE>

                           NVE Corporation
                       CONDENSED BALANCE SHEETS
                  JUNE 30, 2003 AND MARCH 31, 2003
                            (IN THOUSANDS)

                                               (UNAUDITED)
                                                June 30,    March 31,
                                                  2003        2003
ASSETS
Current assets:
  Cash                                           $  1,455    $    596
  Investment securities                             5,052       5,880
  Other current assets                              2,155       2,039
                                               ----------- -----------
Total current assets                                8,662       8,515
Fixed assets                                        1,360       1,167
                                               ----------- -----------
Total assets                                     $ 10,022    $  9,682
                                               =========== ===========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities                                 1,991       1,980
Other long-term liabilities                           182         223
                                               ----------- -----------
Total liabilities                                   2,173       2,203

Shareholders' equity:
  Common stock                                         42          42
  Additional paid-in capital                       12,179      12,171
  Accumulated other comprehensive income              101          73
  Accumulated deficit                              (4,473)     (4,807)
                                               ----------- -----------
Total shareholders' equity                          7,849       7,479
                                               ----------- -----------
Total liabilities and shareholders' equity       $ 10,022    $  9,682
                                               =========== ===========

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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