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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000724910-04-000003.txt : 20040120
<SEC-HEADER>0000724910-04-000003.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120160338
ACCESSION NUMBER:		0000724910-04-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040120
ITEM INFORMATION:		
FILED AS OF DATE:		20040120

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:		04532723

	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>pr8k3q.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)  January 20, 2004
                                                  ----------------

                                 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 12. Results of Operations and Financial Condition
       Furnished as Exhibit 99 is a press release of NVE Corporation reporting
results for the quarter ended December 31, 2003.


                                 INDEX TO EXHIBITS

   Exhibit                           Description
   -------                           -----------
     99           Press release of NVE Corporation dated January 20, 2004
                 reporting results for the quarter ended December 31, 2003

<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
                                            (Registrant)

Date  January 20, 2004                     /s/ Daniel A. Baker
                                           -------------------
                                           By: Daniel A. Baker
                                           President and Chief Executive Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>nr3q04.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                 NVE Corporation Reports Quarterly Results
                 Commercial product revenues increase 162%

EDEN PRAIRIE, Minn.--January 20, 2004--NVE Corporation (NasdaqSC: NVEC) today
announced financial results for its third fiscal quarter ended December 31,
2003.

Total revenue for the quarter ended December 31, 2003 was $3.12 million
compared to $2.34 million for the prior-year quarter, an increase of 33%.
Commercial product sales for the current quarter increased 162% over the
prior-year quarter to $1.48 million from $566,000. Net income increased 146%
to $577,156 or $0.12 per diluted share compared to $234,161 or $0.05 per
share for the prior-year quarter.

Revenue for the first nine months of fiscal 2004 was $8.80 million, compared
to revenue of $6.84 million reported in the first nine months of fiscal 2003,
a 29% increase. For the first nine months of fiscal 2004, the company
reported net income of $1,318,050 or $0.28 per diluted share, compared to
$486,686 or $0.11 per share for the first nine months of fiscal 2003.

"We continue to be extremely pleased with our quarterly results," commented
President and Chief Executive Officer Daniel A. Baker, Ph.D. "We notched our
third consecutive quarter of triple-digit year-over-year growth in product
sales. Furthermore, together with our licensees we made remarkable progress
toward the commercialization of our MRAM intellectual property."

The company narrowed its guidance to a range of $0.30 to $0.37 per diluted
share net income for the fiscal year ending March 31, 2004 compared to $0.15
for the fiscal year ending March 31, 2003. The company had previously issued
guidance of a range of $0.17 to $0.35 per diluted share net income. The lower
end of the earnings guidance range allows for possible start-up expenditures
associated with the commercialization, marketing, and selling of Cypress-
built MRAMs. The company expects to make such expenditures, however, only if
Cypress is successful in producing commercial MRAM. The company expects total
revenues of $11.5 to $12 million compared to $9.45 million in the prior year.

NVE is a leader in the practical commercialization of spintronics, a
nanotechnology which many experts believe represents the next generation of
microelectronics. NVE licenses its MRAM intellectual property and sells
spintronic products including sensors and couplers to revolutionize data
sensing and transmission.

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 uncertainties relating to MRAM production by our licensees, our
dependence on Cypress for potential supply of MRAM devices, risks relating to
making commercially viable MRAMs, as well as the risk factors listed from
time to time in the company's filings with the SEC, including our Annual
Report on Form 10-KSB and other reports filed with the SEC.

                                      ###
<PAGE>
                           NVE Corporation
                  CONDENSED STATEMENTS OF OPERATIONS
            THREE MONTHS ENDED DECEMBER 31, 2003 AND 2002
              (IN THOUSANDS EXCEPT PER SHARE; UNAUDITED)


<TABLE>
<CAPTION>
Three months ended                      Dec. 31, 2003   Dec. 31, 2002
<S>                                     <C>             <C>
Revenue:
  Contract research and development           $ 1,633         $ 1,673
  Product sales                                 1,485             566
  License revenue                                   -              98
                                        --------------  --------------
Total revenue                                   3,118           2,337

Total expenses                                  2,541           2,103
                                        --------------  --------------
Net income                                    $   577         $   234
                                        ==============  ==============

Weighted average shares outstanding             4,832           4,466
Net income per share - diluted                $  0.12         $  0.05
</TABLE>


                           NVE Corporation
                  CONDENSED STATEMENTS OF OPERATIONS
             NINE MONTHS ENDED DECEMBER 31, 2003 AND 2002
              (IN THOUSANDS EXCEPT PER SHARE; UNAUDITED)


<TABLE>
<CAPTION>
Nine months ended                       Dec. 31, 2003   Dec. 31, 2002
<S>                                     <C>             <C>
Revenue:
  Contract research and development           $ 4,950         $ 4,843
  Product sales                                 3,852           1,708
  License revenue                                   -             294
                                        --------------  --------------
Total revenue                                   8,802           6,845

Total expenses                                  7,484           6,358
                                        --------------  --------------
Net income                                    $ 1,318         $   487
                                        ==============  ==============

Weighted average shares outstanding             4,739           4,425
Net income per share - diluted                $  0.28         $  0.11
</TABLE>
<PAGE>
                           NVE Corporation
                       CONDENSED BALANCE SHEETS
                 DECEMBER 31, 2003 AND MARCH 31, 2003
                            (IN THOUSANDS)

<TABLE>
<CAPTION>
                                               (UNAUDITED)
                                                Dec. 31,    March 31,
                                                  2003        2003
<S>                                            <C>         <C>
ASSETS
Current assets:
  Cash                                           $  1,339    $    596
  Investment securities                             5,361       5,880
  Other current assets                              2,450       2,039
                                               ----------- -----------
Total current assets                                9,150       8,515
Fixed assets                                        1,578       1,167
                                               ----------- -----------
Total assets                                     $ 10,728    $  9,682
                                               =========== ===========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities                                 1,592       1,980
Other long-term liabilities                           117         223
                                               ----------- -----------
Total liabilities                                   1,709       2,203

Shareholders' equity:
  Common stock                                         43          42
  Additional paid-in capital                       12,415      12,171
  Accumulated other comprehensive income               50          73
  Accumulated deficit                              (3,489)     (4,807)
                                               ----------- -----------
Total shareholders' equity                          9,019       7,479
                                               ----------- -----------
Total liabilities and shareholders' equity       $ 10,728    $  9,682
                                               =========== ===========
</TABLE>

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