NVE (NVEC) Q2 2022 Earnings Call Transcript

·18-min read
NVE (NVEC) Q2 2022 Earnings Call Transcript

As Dan said, total revenue for the quarter ended September 30, 2021, increased 56% to $6.82 million, compared to $4.38 million last year due to a 59% increase in product sales, partially offset by a 13% decrease in contract R&D revenue. The COVID-19 pandemic had a significant impact on revenue in the past year's quarter.

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