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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.
Access real-time announcements including quarterly earnings reports, product launch details, strategic partnerships, and regulatory filings. Our curated collection enables stakeholders to track Vicor's progress in power conversion architectures and market expansion initiatives.
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) reported Q1 2022 financial results showing revenues of $88.3 million, a 0.6% decrease from $88.8 million year-over-year. Gross margin fell to $37.6 million, with a margin percentage of 42.6%, down from 50.3% a year ago. Net income was $5.0 million, or $0.11 per diluted share, down from $15.1 million, or $0.34 per diluted share, a year prior. Cash flow from operations decreased to $4.6 million. Despite challenges, the book-to-bill ratio exceeded 1, with a one-year backlog up nearly 23%. Capacity expansion is expected to start in Q3.
Vicor Corporation (NASDAQ: VICR) will host its first quarter 2022 earnings conference call on April 21, 2022, at 5:00 p.m. Eastern. The call will cover financial and operational results for the quarter ending March 31, 2022, with participation from CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies. Results will be disclosed via GlobeNewswire after market close on the same day, with access to financial statements on Vicor's Investor Relations website.
Vicor (NASDAQ: VICR) will showcase innovative power solutions for xEVs at the World Congress Experience in Detroit from April 5-7, 2022. These solutions utilize high-density power modules that can reduce automotive power system size, weight, and component count by up to 70%, with power losses decreased by up to 50%. Presentations will cover eliminating 12V lead-acid batteries, the impact of miniaturized power modules, and compatibility with DC charging stations, addressing key electrification challenges in the automotive sector.
Vicor Corporation (NASDAQ: VICR) reported a 7.1% increase in Q4 revenues, totaling $90.3 million, compared to $84.3 million a year ago. However, gross margin fell to 45.2%, decreased from 48.0% YoY. Net income was $8.9 million, down from $11.2 million YoY. For the full year, revenues rose 21.2% to $359.4 million, with net income reaching $56.6 million. Despite growth, component shortages and inefficiencies affected margins. A 17% increase in backlog and an 18% rise in advanced product revenues were noted.
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.
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