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Vicor Corporation (VICR) drives innovation in modular power systems for mission-critical applications across enterprise computing, telecommunications, and aerospace markets. This news hub provides investors and industry professionals with authoritative updates on corporate developments, financial disclosures, and technological advancements.
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Key updates cover innovations in high-density power modules, licensing agreements for patented technologies, and operational milestones impacting the power electronics sector. Bookmark this page for direct access to primary source materials that inform investment analysis and industry benchmarking.
Vicor Corporation (NASDAQ: VICR) announced its fourth quarter 2021 earnings conference call scheduled for February 24, 2022, at 5:00 p.m. (Eastern). The call will cover financial and operational results for the three and twelve months ended December 31, 2021. Results will be released via GlobeNewswire after the NASDAQ market close on the same day. Investors are encouraged to pre-register with BT Conferencing for efficient access to the call. A webcast will also be available on Vicor's Investor Relations page, with a replay accessible until March 11, 2022.
Vicor Corporation (NASDAQ: VICR) has appointed Chinmaya Joshi as Global Automotive Segment Director, effective immediately. Coming from Jaguar Land Rover, Joshi possesses over ten years of experience in developing powertrain power electronics for hybrid and electric vehicles. His role focuses on expanding the OEM customer base and enhancing partnerships with tier-one suppliers through high-density modular solutions for vehicle electrification. This strategic hire aims to strengthen Vicor's automotive business as the industry shifts towards electrification.
Vicor Corporation (NASDAQ: VICR) reported Q3 2021 revenues of $84.9 million, reflecting an 8.7% year-over-year increase but an 11.0% sequential decline from Q2 2021. Gross margin rose to $42.8 million but fell from $49.9 million in Q2. Net income reached $13.3 million or $0.29 per share, up from $5.8 million a year ago, but down from $19.4 million in Q2. The book-to-bill ratio was 2.0, with a backlog of $296 million. CEO Patrizio Vinciarelli noted semiconductor shortages impacted revenues but expects improvements in Q4.
Vicor Corporation (NASDAQ: VICR) is set to hold its Q3 2021 earnings conference call on October 21, 2021, at 5:00 p.m. Eastern Time. The call will discuss the company's financial and operational results for the three and nine months ending September 30, 2021, followed by a Q&A session with CEO Patrizio Vinciarelli and CFO Jim Schmidt. Results will be published via GlobeNewswire after the market closes on the same day. Interested parties can pre-register for the call or join via webcast. A replay will be available until November 5, 2021.
Vicor Corporation (NASDAQ: VICR) reported impressive second-quarter results for the period ending June 30, 2021, with revenues of $95.4 million, a 34.8% increase year-over-year. Gross margin rose to $49.9 million, reflecting a gross margin percentage of 52.3%. Net income surged to $19.4 million or $0.43 per share, compared to $2.7 million in the same quarter last year. Cash flow from operations totaled $12.3 million, while capital expenditures increased to $15.0 million. Management anticipates further enhancements in manufacturing efficiencies and power systems.
Vicor Corporation (NASDAQ: VICR) will hold its Q2 2021 earnings conference call on July 22, 2021, at 5:00 p.m. Eastern. The call will feature remarks on financial results for the three and six months ended June 30, 2021, followed by a Q&A session with key executives. Earnings results are set to be released via GlobeNewswire at market close on the same day. Interested participants are encouraged to pre-register for the call to streamline access. A replay will be available until August 6, 2021.
Vicor Corporation (NASDAQ: VICR) reported its financial results for Q1 2021, highlighting strong revenue growth of 40.1% year-over-year, totaling $88.8 million. Gross margin also improved, reaching 50.3%, compared to 43.1% the previous year. Net income was $15.1 million or $0.34 per diluted share, a significant turnaround from a net loss of $1.7 million a year ago. Cash flow from operations was $17.6 million, a marked improvement from cash used in operations last year. Bookings rose 41.2% to $98.9 million.
Vicor will host its first quarter 2021 earnings conference call on April 22, 2021, at 5:00 p.m. Eastern. The financial results for the quarter ending March 31, 2021, will be released after the NASDAQ market closes on the same date. The call will feature prepared remarks from CEO Patrizio Vinciarelli and VP Phil Davies, followed by a Q&A session. Investors are encouraged to pre-register with BT Conferencing. A replay of the call will be available until May 7, 2021, along with a webcast on Vicor's Investor Relations page.
Vicor Corporation (NASDAQ: VICR) announced the appointment of James F. Schmidt as Chief Financial Officer, effective June 1, 2021. Schmidt comes from Analog Devices, bringing 35 years of diverse experience in finance, engineering, operations, and sales. His educational background includes a BS in Chemical Engineering and an MBA. CEO Patrizio Vinciarelli expressed confidence in Schmidt's ability to enhance operational excellence and profitability as Vicor continues to expand its operational footprint.
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