Welcome to our dedicated page for Vicor news (Ticker: VICR), a resource for investors and traders seeking the latest updates and insights on Vicor stock.
Vicor Corporation (VICR) is a NASDAQ-listed manufacturing company headquartered in Andover, Massachusetts that designs, develops, manufactures, and markets modular power components and complete power systems based on patented technologies. The VICR news page on Stock Titan aggregates company announcements, earnings releases and other public updates so readers can follow developments affecting Vicor’s power electronics business.
News about Vicor often centers on its financial performance and quarterly results, which detail product revenues, royalty revenues, gross margins, operating expenses, cash flows and backlog. These updates are typically accompanied by management commentary discussing trends in product demand, licensing income and utilization of the company’s ChiP foundry and high-density power module capacity.
Another key category of Vicor news involves its intellectual property and licensing activities. The company has highlighted an International Trade Commission Limited Exclusion Order related to certain bus converters and computing systems containing those converters, and it reports that this has led to settlements and licensing agreements with OEMs and hyper-scalers. Press releases describe how licensing has become a pillar of growth for Vicor and how its high-density power system technology, including bus converters and Vertical Power Delivery (VPD), is used in high growth markets such as AI, automotive and industrial applications.
Vicor also issues news about product introductions and technical presentations. Examples include announcements of new DCM families of regulated 48V to 12V DC-DC converters and automotive grade power modules for 800V to 48V/12V conversion, as well as presentations at industry events such as WCX in Detroit and investor conferences like the Needham Growth Conference. These items highlight how Vicor positions its modular power components and systems for enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.
By reviewing the VICR news feed, investors and industry observers can see how Vicor communicates about its financial results, IP licensing practice, new products and participation in industry and investor events, all based on the company’s own public disclosures.
Vicor (NASDAQ: VICR) reported Q2 2024 financial results, showing a 19.6% year-over-year decrease in revenues to $85.9 million. The company experienced a net loss of $(1.2) million, or $(0.03) per diluted share, compared to net income of $17.1 million in Q2 2023. Gross margin decreased to 49.8% from 51.7% year-over-year.
Despite challenges, Vicor saw improvements in backlog, revenues, and cash flow compared to Q1 2024. Cash and cash equivalents increased 5.3% sequentially to $251.9 million. The company's CEO, Dr. Patrizio Vinciarelli, highlighted Vicor's focus on high current and power density requirements, expressing confidence in their competitive position and market opportunity.
Vicor has partnered with Saab UK to develop the world's first work-class all-electric ROV (eWROV), designed for deep-sea exploration and commercial underwater applications. This innovative system incorporates Vicor power modules to enable a lightweight, thermally efficient power system that eliminates the need for traditional hydraulic fluid, reducing environmental risks.
The eWROV delivers performance equivalent to a 250hp undersea vehicle while improving reliability and extending service intervals. Vicor's high-density power modules have been important in achieving a compact, scalable design that optimizes energy delivery, reduces CO2 emissions, and allows for more payload space. The power delivery network utilizes Vicor's fixed-ratio bus converters (BCMs) and regulated DC-DC converters (DCMs) to supply high-performance, low-voltage subsystem power, enabling the integration of additional electronics and improving overall performance.
Vicor (NASDAQ: VICR) will hold its second quarter 2024 earnings conference call on July 23, 2024, at 5:00 p.m. (Eastern). The call will be hosted by CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies. Financial and operational results for Q2 2024 will be released via GlobeNewswire after NASDAQ closes on the same day. Investors and analysts can register with Notified to participate in the Q&A session, while others can listen via a webcast link available on Vicor's Investor Relations page. A webcast replay will also be accessible post-conference.
On June 24, 2024, Vicor (NASDAQ: VICR) secured a preliminary injunction from the United States District Court for the District of Massachusetts. The injunction prevents Foxconn subsidiaries from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission (CIETAC). Foxconn had sought rulings from CIETAC based on fine print in their purchase orders, claiming entitlement to royalty-free licenses for Vicor's patents. These patents are part of a pending investigation with the United States International Trade Commission (ITC), which could result in an exclusion order barring entry of infringing power converter modules and systems into the U.S. This legal win for Vicor could have significant implications for its ongoing patent enforcement efforts and market presence in the U.S.
Vicor (NASDAQ: VICR) announced that the United States Patent and Trademark Office's Patent Trial and Appeal Board (PTAB) denied Delta Electronics' three Inter Partes Review (IPR) petitions challenging the validity of Vicor's patents. Filed in 2023, these patents cover power converter modules used in data centers, AI, and cloud computing systems. Vicor's ITC complaint seeks to protect its patents by barring infringing products from entering the U.S. The PTAB's recent decisions support Vicor's IP rights, bolstering its case for an exclusion order against Delta and its customers.
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