-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WbRW4CXd/cfXY6tZmbfRPDZAGV3mAFIynePRqg3/s1QgwrlJOqY7nkRX+XM2fnA8
 XenjHwo3vtQmX26VtoF2Tw==

<SEC-DOCUMENT>0000724910-05-000013.txt : 20050427
<SEC-HEADER>0000724910-05-000013.hdr.sgml : 20050427
<ACCEPTANCE-DATETIME>20050427160315
ACCESSION NUMBER:		0000724910-05-000013
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050427
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20050427
DATE AS OF CHANGE:		20050427

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:		05776485

	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>pr8kfy05.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)  April 27, 2005
                                                  --------------

                                 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.)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (1 7 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 2.02. Results of Operations and Financial Condition
       Furnished as Exhibit 99 is a press release of NVE Corporation reporting
results for the fiscal year ended March 31, 2005.



                                       -2-

<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  April 27, 2005                      /s/ Daniel A. Baker
                                          -------------------
                                          By: Daniel A. Baker
                                          President and Chief Executive Officer



                                       -3-

<PAGE>

                                 INDEX TO EXHIBITS

   Exhibit                           Description
   -------                           -----------
     99       Press release of NVE Corporation dated April 27, 2005 reporting
              results for the fiscal year ended March 31, 2005



                                       -4-
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>fy05pr.txt
<DESCRIPTION>EXHIBIT 99 - PRESS RELEASE DATED APRIL 27, 2005
<TEXT>
                                                                  Press Release
                                                          For immediate release

               NVE Corporation Reports Fiscal 2005 Results

EDEN PRAIRIE, Minn.--April 27, 2005--NVE Corporation (NasdaqSC: NVEC) today
announced financial results for the quarter and fiscal year ended March 31,
2005.

Total revenue for the fourth quarter of fiscal 2005 was $3.07 million compared
to $3.21 million for the prior-year quarter, a decrease of 4%. Product sales
for the quarter increased 3% over the prior-year quarter and 42% compared to
the third quarter of fiscal 2005. Net income for the fourth quarter was
$476,114 or $0.10 per diluted share, compared to $789,670 or $0.16 per diluted
share for the prior-year quarter. Net income for the fourth quarter of fiscal
2005 included a net income tax benefit of $126,904 or $0.03 per diluted share,
compared to $236,500 or $0.05 per diluted share for the fiscal 2004 quarter,
from reductions of valuation allowances relating to deferred tax assets.

Total revenue for fiscal 2005 was $11.62 million compared to $12.01 million
the prior year, a decrease of 3%. Product sales were $5.52 million compared to
$5.39 million the prior year, an increase of 2%. For fiscal 2005 the company
reported net income of $1.76 million or $0.37 per diluted share, compared to
net income of $2.11 million or $0.45 per diluted share for fiscal 2004. Net
income for fiscal 2005 included a net income tax benefit of $138,404, compared
to $233,022 for fiscal 2004. The impact of the net income tax benefit was
$0.03 per share for fiscal 2005 and $0.05 per share for fiscal 2004.

"NVE reported record product sales and a solid profit in fiscal 2005. Our
shift to company-funded research and development from contract R&D increased
our expenses and reduced R&D revenue, but resulted in new product designs.
Product sales rebounded from weak industry conditions in our third fiscal
quarter. Product sales increased despite a reduction in sales to St. Jude
Medical due to inventory builds associated with St. Jude's adoption of our
products in fiscal 2004," said NVE President and Chief Executive Officer
Daniel A. Baker, Ph.D.

NVE is a leader in the practical commercialization of spintronics, a
nanotechnology that 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 risks in continued profitability, uncertainties relating to MRAM
production by our licensees, risks in the enforcement of our patents,
uncertainties related to the awarding of future government contracts, risks
associated with our reliance on several large customers, as well as the risk
factors listed from time to time in our 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 INCOME
          QUARTER AND YEAR ENDED MARCH 31, 2005 AND 2004
            (IN THOUSANDS EXCEPT PER SHARE; UNAUDITED)

<TABLE>
<CAPTION>
Quarter Ended                               March 31, 2005  March 31, 2004
<S>                                         <C>             <C>
Revenue:
  Contract research and development              $  1,481        $  1,667
  Product sales                                     1,591           1,541
                                            --------------  --------------
Total revenue                                       3,072           3,208

Cost of sales                                       1,853           1,890
                                            --------------  --------------
Gross profit                                        1,219           1,318

Expenses:
  Research and development                            468             391
  Selling, general & administrative                   464             441
                                            --------------  --------------
Total expenses                                        932             832
                                            --------------  --------------
Income from operations                                287             486

Interest income                                        62              49
Interest expense                                       (2)             (5)
Other income                                            2              23
                                            --------------  --------------
Income before income taxes                            349             553
Income tax (benefit)                                 (127)           (237)
                                            --------------  --------------
Net income                                       $    476         $   790
                                            ==============  ==============

Weighted average shares outstanding                 4,778           4,877
Net income per share - diluted                   $   0.10         $  0.16
</TABLE>


<TABLE>
<CAPTION>
Year Ended                                  March 31, 2005  March 31, 2004
<S>                                         <C>             <C>
Revenue:
  Contract research and development              $  6,093        $  6,617
  Product sales                                     5,522           5,393
                                            --------------  --------------
Total revenue                                      11,615          12,010

Cost of sales                                       7,010           7,445
                                            --------------  --------------
Gross profit                                        4,605           4,565

Expenses:
  Research and development                          1,393           1,103
  Selling, general & administrative                 1,868           1,831
                                            --------------  --------------
Total expenses                                      3,261           2,934
                                            --------------  --------------
Income from operations                              1,344           1,631

Interest income                                       236             189
Interest expense                                      (13)            (25)
Other income                                           53              80
                                            --------------  --------------
Income before income taxes                          1,620           1,875
Income tax (benefit)                                 (138)           (233)
                                            --------------  --------------
Net income                                       $  1,758        $  2,108
                                            ==============  ==============

Weighted average shares outstanding                 4,734           4,727
Net income per share - diluted                    $  0.37        $   0.45
</TABLE>

<PAGE>
                           NVE Corporation
                       CONDENSED BALANCE SHEETS
                 MARCH 31, 2005 AND MARCH 31, 2004
                            (IN THOUSANDS)

<TABLE>
<CAPTION>
                                              (UNAUDITED)
                                            March 31, 2005  March 31, 2004
<S>                                         <C>             <C>
ASSETS
Current assets:
  Cash                                           $  1,240        $  1,056
  Investment securities                             6,477           6,489
  Accounts receivable, net                          2,285           1,739
  Inventories                                       1,573           1,150
  Deferred tax asset                                  756             250
  Other current assets                                131             297
                                            --------------  --------------
Total current assets                               12,462          10,981
Fixed assets                                        1,728           1,439
                                            --------------  --------------
Total assets                                     $ 14,190        $ 12,420
                                            ==============  ==============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                    319             327
  Accrued payroll and other                           466             712
  Other current liabilities                           335             547
                                            --------------  --------------
Total current liabilities                           1,120           1,586
Long-term liabilities                                  33             101
                                            --------------  --------------
Total liabilities                                   1,153           1,687

Shareholders' equity:
  Common stock                                         46              45
  Additional paid-in capital                       14,065          13,298
  Accumulated other comprehensive (loss) income      (132)             90
  Accumulated deficit                                (942)         (2,700)
                                            --------------  --------------
Total shareholders' equity                         13,037          10,733
                                            --------------  --------------
Total liabilities and shareholders' equity       $ 14,190        $ 12,420
                                            ==============  ==============
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
