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.
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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.
Vicor Corporation (NASDAQ: VICR) announced that its 2020 Annual Meeting of Stockholders will occur via audio webcast, as previously stated on June 4, 2020. The virtual meeting will be hosted by Computershare, and participants must access the meeting by 8:45 am on June 26, 2020, using the link provided. Attendees need to register by June 19, 2020, to vote or ask questions; otherwise, they will be in listen-only mode. Post-meeting, an audio replay and presentation materials will be accessible on Vicor’s Investor Relations website.
DLA Piper has represented Needham & Company, LLC as the underwriter in Vicor Corporation's public offering of common stock, raising US$115 million. Vicor, known for high-performance power components, plans to utilize the proceeds for expanding manufacturing facilities and general corporate purposes. Needham acted as the sole book-running manager for this offering. The DLA Piper team included John J. Gilluly III and other key members, highlighting the firm's expertise in capital markets transactions within the technology sector.