Vicor Corp Stock Price, News & Analysis

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.

Vicor Corporation (NASDAQ: VICR) reported strong financial results for Q4 2020, with revenues of $84.3 million, up 33.5% year-over-year. Gross margin improved to 48.0%, and net income rose to $11.2 million or $0.25 per diluted share. For the full year, revenues increased 12.8% to $296.6 million, and net income totaled $17.9 million. Bookings also surged, reaching $91.5 million for the quarter, a 19.1% increase. The company reported a cash and short-term investment balance of approximately $211.9 million. CEO Dr. Vinciarelli noted improved margins despite outsourcing challenges.

Vicor Corporation (NASDAQ: VICR) will host its fourth quarter 2020 earnings conference call on February 25, 2021, at 5:00 PM (Eastern). This call will present financial and operational results for the three and twelve months ending December 31, 2020, followed by a Q&A session with CEO Patrizio Vinciarelli and CFO James A. Simms. Earnings details will be released via GlobeNewswire after the market close on the same day. Interested participants can pre-register for the call or join the webcast from Vicor's Investor Relations page.

Vicor (VICR) has launched its first radiation-fault-tolerant DC-DC converter power modules, featuring the new SM-ChiP package, capable of powering low-voltage ASICs up to 300 watts. Tested by Boeing, these units are resilient to 50 kilorad of total ionizing dose and are immune to single-event upsets, thanks to a redundant architecture. The complete solution includes four modules designed for high power density and low noise, essential for advanced communication satellites. Operating temperatures range from -30 to 125°C, with all modules available now.

Vicor Corporation (NASDAQ: VICR) announced the appointment of David Krakauer as Vice President of Corporate Marketing and Channel Strategy. Krakauer will manage all marketing efforts, including corporate branding and channel sales. Previously, he worked at Analog Devices, focusing on corporate marketing and customer experience, and holds degrees from MIT. Senior VP Phil Davies emphasized Krakauer's extensive experience in driving revenue growth through innovative marketing strategies, highlighting Vicor's aim to strengthen its brand in high-growth markets.

Vicor Corporation (NASDAQ: VICR) has announced the appointment of Andrew T. D’Amico to its Board of Directors, effective October 21, 2020. D’Amico, who has been with Vicor as General Counsel for Intellectual Property since 2006, brings extensive experience in patent law and technology. With a law degree from The George Washington University and a B.S.E.E. from the N.J. Institute of Technology, he also has a background in aerospace engineering. Chairman Patrizio Vinciarelli noted that the appointment highlights D’Amico's vital role in protecting Vicor’s intellectual property.