NVE Corporation Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018; Provides Effective Rate Guidance for the Fiscal Year 2019
For the year, the company reported total revenue of $29,863,881 compared to $28,326,196 a year ago. Income from operations was $18,450,627 compared to $17,445,203 a year ago. Income before taxes was $20,008,824 compared to $19,096,011 a year ago. Net income was $13,912,672 or $2.87 per basic and diluted share compared to $12,948,869 or $2.68 per basic and diluted share a year ago. Operating cash flow increased 22% to highest ever.
The company currently expect effective rate to decrease significantly to approximately 22% in the new fiscal year 2019.