Vicor Corp Stock Price, News & Analysis

Vicor Corporation (NASDAQ: VICR) reported its Q1 2023 financial results, showing a 10.8% year-over-year revenue increase to $97.8 million, but a 7.3% sequential decrease from Q4 2022. Gross margin rose to 47.6%, up from 42.6% in the same quarter last year. Net income climbed to $11.2 million or $0.25 per diluted share, compared to $5.0 million or $0.11 a year earlier. Cash flow from operations reached $10.1 million, significantly higher than $4.6 million in Q1 2022. However, the backlog decreased by 36.0% year-over-year to $271.3 million. CEO Patrizio Vinciarelli expressed concerns about weak bookings but highlighted potential growth in automotive applications and AI systems.

Vicor Corporation (NASDAQ: VICR) announced its first quarter 2023 earnings conference call scheduled for April 25, 2023, at 5:00 p.m. Eastern. The call will include prepared remarks on the company's financial and operational outcomes for the three months ending March 31, 2023, followed by a Q&A session with executives including Patrizio Vinciarelli (CEO), Jim Schmidt (CFO), and Phil Davies (Corporate VP of Global Sales and Marketing).

The earnings results will be publicly released on GlobeNewswire after the close of the NASDAQ Market on the same day. Interested investors can register for the call through BT Conferencing or listen via a webcast available on Vicor's Investor Relations page.

Vicor showcases cutting-edge power systems for electric vehicles at WCX 2023

ANDOVER, Mass., April 12, 2023 (GLOBE NEWSWIRE) - With the automotive sector's shift towards electric vehicles, Vicor is addressing power conversion challenges through high-density, modular power systems. At the World Congress Experience 2023 in Detroit from April 18-20, Vicor will present four technical papers highlighting its innovative technology in xEV power conversion. Key presentations include:

• Reducing Range Anxiety by Reducing Harness Weight Using Power Modules
• Managing High-Voltage Line Ripple Rejection
• The Transition to 800V Electric Vehicles
• Building Redundancy in Electrical Systems for 400V or 800V Vehicles

Vicor's expertise in high-performance power modules positions it as a leader in enabling the next generation of electric vehicles.

Vicor Corporation engages with OLogic, a robotics design consultancy, on the Vicor Powering Innovation podcast, emphasizing their role in accelerating robotic product development. Podcast host Robert Gendron discusses OLogic's journey, starting with Hasbro as their first client and evolving into mobile robot design. OLogic specializes in power systems integration, leveraging advanced power conversion technology. The podcast aims to address power challenges and explore innovations in electrification. Vicor continues to lead in high-performance power modules, enhancing efficiency and power delivery for various industries, including robotics and aerospace.

Vicor Corporation (NASDAQ: VICR) reported its Q4 and full-year 2022 financial results on February 23, 2023. Q4 revenue rose 16.8% year-over-year to $105.5 million, with a net income of $8.1 million. However, cash flow from operations dropped significantly to $0.9 million from $14.2 million a year prior. Full-year revenue increased by 11.1% to $399.1 million, but net income plummeted 55% to $25.5 million. The company noted a decrease in demand and persistent manufacturing inefficiencies, leading to a backlog decline to $304 million. Future profitability is anticipated to improve as manufacturing processes are integrated in Q2 2023.