NVE Corporation ( NVEC)

F4Q2011 Earnings Call Transcript

May 4, 2011 5:00 pm ET


Daniel Baker – President and CEO

Curt Reynders – CFO


Steven Crowley – Craig-Hallum

Greg Greenberger [ph]



Good day, ladies and gentlemen. Welcome to the NVE conference call on the fourth quarter and fiscal year results. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder this conference call is being recorded.

I would now like to turn the conference over to Daniel Baker, President and CEO. You may begin.

Daniel Baker

Good afternoon and welcome to our conference call for the quarter and fiscal year ended March 31, 2011. As always, I’m joined by Curt Reynders, our Chief Financial Officer.

This call is being webcast live and being recorded. A replay will be available through our website, nve.com. After my opening comments, Curt will present a financial review of the quarter and fiscal year, I will cover business items and highlights of the year, and then we will open the call up to questions.

We filed our press release with quarterly and annual results, plus our Annual Report on Form 10-K with the SEC in the past hour following the close of market. Both filings are available through our website.

Comments we may make 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 growth in revenue and profits, uncertainties related to agreements with large customers, uncertainties related to research and development contract funding, risks related to developing marketable products, uncertainties and the possible issuance of patents, uncertainties relating to the revenue potential of new products, and uncertainties related to economic environments, as well as the risk factors listed from time to time in our filings with the SEC including our Annual Report on Form 10-K filed this afternoon. Product sales backlog as of any particular date may not be indicative of future results and the company undertakes no obligation to update forward-looking statements we may make.

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