Vicor Corp Stock Price, News & Analysis

Vicor (Nasdaq: VICR) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, at 8:45 AM ET. Key executives, including CEO Patrizio Vinciarelli and CFO Jim Schmidt, will present virtually. Attendees can register for the live event via the Vicor investor relations events webpage. A recorded version will be accessible for 90 days post-event. Vicor specializes in high-performance power modules across various sectors, enhancing power efficiency.

The recent launch of Boeing's O3b mPOWER communication satellite marks a significant milestone for Vicor Corporation (VICR), whose power modules support this mission. Designed to provide broadband internet access to underserved populations, Vicor's high-performance, radiation-tolerant modules power advanced communications ASICs and FPGAs. The power delivery network comprises various modules, including the BCM3423 bus converter and PRM2919 regulator, which are manufactured in Andover, Mass. Vicor aims to enhance power delivery capabilities for numerous sectors, including aerospace and defense.

Vicor Corporation has launched episode #3 of its Powering Innovation podcast, focusing on the electrification of aircraft. The episode features Robert Gendron discussing with Ed Lovelace, CTO of Ampaire, the challenges and opportunities in developing hybrid-electric planes. Key topics include the power needs of electrified aircraft and the potential for cleaner, electric power in aviation. Vicor highlights its advanced power modules, designed for high density and lighter weight, essential in supporting innovative aerospace applications.

Vicor Corporation launched the Powering Innovation podcast, focusing on advancements in tethered Unmanned Aerial Systems (UAS). The first episode features DPI UAV Systems, showcasing their new Unmanned Multirotor Aerial Relay system that enhances communication range by three times. The podcast highlights the collaboration between Vicor and DPI in developing power modules crucial for UAV technology, emphasizing the importance of high-density power systems. This episode is designed for power designers and engineers in the UAV sector, addressing real-world challenges in high-security communications.

Vicor Corporation is enhancing its manufacturing capabilities with a new ChiP fab in Andover, Massachusetts, aimed at supporting the growing demand in automotive electrification and data center/AI industries. Senator Edward Markey visited the facility, which employs cutting-edge, semiconductor-like processes for producing high-density power modules. This facility aligns with Vicor's strategy to cater to global OEMs and various advanced technology sectors. The Chicago fab represents a significant investment in scalable and sustainable manufacturing solutions.

Vicor Corporation (NASDAQ: VICR) reported third-quarter financial results for 2022, revealing revenues of $103.1 million, a 21.4% increase year-over-year. However, gross margin decreased to 45.5%, down from 50.4% a year ago. Net income fell to $8.1 million ($0.18 per diluted share), compared to $13.3 million ($0.29 per diluted share) in the same quarter last year. The company faced a challenging macroeconomic environment and increased legal expenses impacting profitability. Cash flow from operations totaled $6.6 million, decreasing from last year's $10.1 million.

Vicor Corporation has launched a new podcast titled Powering Innovation, aimed at showcasing how power electronics enable breakthrough solutions to pressing global challenges. The podcast, debuting on October 12, features interviews with leaders from innovative companies and focuses on a range of topics including low-emissions aviation and humanitarian efforts. New episodes will be released monthly across major platforms like Spotify and Apple Music, further enhancing Vicor's visibility in the power electronics sector.

Vicor Corporation (NASDAQ: VICR) will host its third quarter 2022 earnings call on October 25, 2022, at 5:00 p.m. (Eastern). The earnings results will be released via GlobeNewswire at market close on the same day. During the call, CEO Patrizio Vinciarelli, CFO Jim Schmidt, and VP of Global Sales and Marketing Phil Davies will discuss the company's financial performance for the three and nine months ended September 30, 2022. Pre-registration for analysts and investors is encouraged for Q&A participation.