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.
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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.
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.
Vicor Corporation (NASDAQ: VICR) has announced a distribution agreement with Avnet (NASDAQ: AVT), a leading global distributor of electronic components. This partnership aims to enhance access to Vicor’s power modules, leveraging Avnet's design and supply chain capabilities. Effective immediately, the agreement targets customers in the EMEA region, facilitating innovation with high-performance modular power solutions. Vicor’s VP, David Krakauer, emphasizes that this collaboration aligns with their strategic goals to deliver differentiated solutions to customers in various markets, including industrial and automotive sectors.
Vicor Corporation (NASDAQ: VICR) will hold its fourth quarter 2022 earnings conference call on February 23, 2023, at 5:00 p.m. Eastern. The call will follow the release of financial results for the three and twelve months ended December 31, 2022. CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies will present prepared remarks followed by a Q&A session. Investors can pre-register for the call via BT Conferencing. The earnings results will be disclosed over GlobeNewswire at market close on the same day. A replay will be available until March 10, 2023, along with a webcast on Vicor's Investor Relations page.
Vicor Corporation explores innovative strategies to combat coastal erosion through its latest podcast featuring CCell Renewables. The episode highlights CCell's award-winning technology aimed at restoring coral reefs to create natural barriers against erosion. CCell utilizes AI to monitor reef health and enhance marine habitats, promoting ecological balance. Robert Gendron, Vicor’s VP of Product Development, emphasizes the synergy between their power architecture and CCell’s mission to address climate challenges. The podcast is part of Vicor's ongoing effort to educate listeners on electrification and power solutions, available on major platforms.
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.