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) 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 (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.
Vicor Corporation (NASDAQ: VICR) reported a strong increase in third-quarter revenues for 2020, totaling $78.1 million, a 10.4% year-over-year increase. Gross margin rose to $33.3 million, though as a percentage of revenue, it decreased to 42.7%. The company recorded a net income of $5.8 million or $0.13 per diluted share. Additionally, bookings surged by 49.5% to $90.5 million and backlog increased to $140.0 million. CEO Dr. Patrizio Vinciarelli expressed optimism for the fourth quarter, citing anticipated revenue and earnings growth.
Vicor Corporation (NASDAQ: VICR) will host its third quarter 2020 earnings conference call on October 22, 2020, at 5:00 p.m. (Eastern). The call will cover financial and operational results for the three and nine months ended September 30, 2020, followed by a Q&A session with CEO Patrizio Vinciarelli and CFO James A. Simms. Earnings results will be released via GlobeNewswire at market close on the same day. Investors can pre-register for the call through BT Conferencing to streamline participation. A replay will be available through November 6, 2020.
Vicor Corporation (NASDAQ: VICR) has expanded its agreement with Arrow Electronics to a global distribution partnership, effective September 15, 2020. This collaboration aims to provide modular power solutions to a wider customer base. Vicor emphasizes the increasing demand for smaller, efficient power solutions amidst growing system power requirements. The partnership is expected to enhance Vicor's reach in various sectors, including computing, industrial equipment, and aerospace.
Vicor Corporation (NASDAQ: VICR) reported second-quarter 2020 revenues of $70.7 million, an 11.7% increase year-over-year. Gross margin reached $30.3 million, but the margin percentage declined to 42.8% compared to 46.0% a year earlier. Net income slightly rose to $2.7 million, maintaining a diluted share of $0.06. The quarter also saw significant bookings of $87.5 million, up 45.4% year-over-year, while cash and equivalents increased to $196.7 million. Despite challenges from COVID-19, management remains optimistic about future growth and revenue expectations for Q3.
Vicor Corporation (NASDAQ: VICR) announces its second quarter 2020 earnings conference call scheduled for July 23, 2020, at 5:00 p.m. Eastern Time. The call will include financial results for the three and six months ending June 30, 2020, followed by a Q&A session with CEO Patrizio Vinciarelli and CFO James A. Simms. Results will be published on GlobeNewswire at market close on the same day. Pre-registration for participants is encouraged through BT Conferencing, and a web replay will be available post-event until August 7, 2020.
Vicor Corporation (NASDAQ: VICR) announced its membership in the Global Semiconductor Alliance (GSA), enhancing its position in the semiconductor industry. This membership underscores Vicor's leadership in Power-on-Package technology, which optimizes current density for applications in AI and high-performance computing. Additionally, Vicor's involvement in the GSA Automotive interest group highlights its advancements in vehicle electrification through innovative power modules that provide significant size and weight advantages.
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