Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based on patented technologies. Its power products serve OEM, ODM, contract-manufacturer, and other users in enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.
Company news centers on quarterly operating results, product and royalty revenue, licensing income, IP licensing for high-density power system technology, and demand across high-performance compute, automatic test equipment, industrial, aerospace, and defense applications. Updates also discuss CHiP manufacturing capacity, Vertical Power Delivery technology, and participation in investor conferences.
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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.
Vicor Corporation (NASDAQ: VICR) will hold its Q2 2021 earnings conference call on July 22, 2021, at 5:00 p.m. Eastern. The call will feature remarks on financial results for the three and six months ended June 30, 2021, followed by a Q&A session with key executives. Earnings results are set to be released via GlobeNewswire at market close on the same day. Interested participants are encouraged to pre-register for the call to streamline access. A replay will be available until August 6, 2021.
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.