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 designs, develops, manufactures, and markets modular power components and complete power systems based on patented technologies. Its power products serve OEM, ODM, contract-manufacturer, and other users in enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.
Company news centers on quarterly operating results, product and royalty revenue, licensing income, IP licensing for high-density power system technology, and demand across high-performance compute, automatic test equipment, industrial, aerospace, and defense applications. Updates also discuss CHiP manufacturing capacity, Vertical Power Delivery technology, and participation in investor conferences.
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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.