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.
Vicor Corporation has been recognized for its manufacturing excellence by the Massachusetts Manufacturing Extension Partnership on September 16, 2022. The award highlights Vicor's commitment to innovation and sustainability, particularly in its advanced power-on-package technology. Recently completing a factory expansion in Andover, the company aims to meet rising demand in high-growth markets, including automotive electrification and advanced robotics. Vicor's new ChiP fab is the first power module foundry designed for high-density solutions, ensuring cost-effective production and superior quality.
Vicor Corporation reported its Q2 2022 financial results, showing revenues of $102.2 million, an increase of 7.1% year-over-year and 15.7% sequentially. However, gross margin decreased to $46.8 million, representing a 45.8% margin, down from 52.3% a year ago. Net income dropped to $10.6 million or $0.24 per diluted share, compared to $19.4 million or $0.43 per diluted share last year. Cash flow from operations was $10.8 million, down from $12.3 million a year ago. The backlog stands at over $400 million, indicating growth potential despite challenges in production capacity.
Vicor Corporation (NASDAQ: VICR) has announced its upcoming second quarter 2022 earnings conference call scheduled for July 21, 2022, at 5:00 p.m. Eastern. The call will review the financial and operational results for the three and six months ending June 30, 2022, with remarks from CEO Patrizio Vinciarelli, CFO Jim Schmidt, and VP Phil Davies. Results will be disclosed via GlobeNewswire after the market closes on the same day. Investors can pre-register for the call through BT Conferencing to streamline participation.
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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.