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), headquartered in Andover, Massachusetts, is a leading designer, manufacturer, and marketer of high-performance modular power components. From bricks to semiconductor-centric solutions, Vicor enables customers to efficiently convert and manage power from the wall plug to the point-of-load.
Vicor's extensive portfolio includes innovative power conversion and power distribution solutions, addressing various power architectures like CPA, DPA, IBA, FPA™, and CBA. The company's products cater to numerous performance-critical applications in markets such as enterprise and high-performance computing, telecommunications, industrial equipment, vehicles, transportation, aerospace, and defense electronics.
The company offers a range of products including converters, power systems, filters, custom power systems, and input modules, serving markets predominantly in the Asia Pacific. Vicor's commitment to technological advancement is evident in their continuous development of high-density power modules, aiming to improve efficiency and power delivery capabilities.
Recent achievements include the Vicor Powering Innovation podcast series, which covers topics such as the proliferation of underwater ROV applications with VideoRay and the rapid advancements in edge computing with HIRO. These podcasts provide insights into Vicor’s role in addressing today's toughest power challenges and innovating in electrification and power design.
Vicor’s consistent focus on innovation has also led to collaborations with companies like Lightning Motorcycle Corp., which produces the fastest electric motorcycle globally, further showcasing Vicor’s impact on diverse industries through its advanced power modules.
The company's financial stability and strategic partnerships ensure continuous growth and innovation. Investors and analysts are encouraged to follow Vicor’s latest developments through their investor relations page and to participate in their informative conference calls.
For further information, visit www.vicorpower.com.
Vicor (NASDAQ: VICR) reported financial results for Q3 2024. Revenues decreased 13.6% year-over-year to $93.2 million but increased 8.5% sequentially. Gross margin declined to 49.1% from 51.8% a year ago. Net income was $11.6 million ($0.26 per diluted share), compared to $16.6 million ($0.37 per share) in Q3 2023. Cash flow from operations totaled $22.6 million. Backlog decreased 13.8% year-over-year to $150.6 million.
CEO Dr. Patrizio Vinciarelli highlighted the company's progress in delivering 2nd generation, high-density VPD systems for AI applications. He also mentioned Vicor's efforts to assert its intellectual property rights against potential infringers, noting a recent Initial Determination from the ITC that may impact contract manufacturers importing computing systems using infringing modules.
Vicor has introduced three new automotive-grade power modules designed to enable 48V zonal architectures in electric vehicles with 800V batteries. The new modules include:
- BCM6135: 800V-to-48V conversion
- DCM3735: 48V regulation
- PRM3735: 48V-to-12V regulation and conversion
These modules offer industry-leading power density and can be arrayed to scale up power levels. The introduction of these modules is expected to accelerate the adoption of 48V zonal architectures in vehicles and provide significant power system weight reduction. The modules support 48V power distribution while also accommodating legacy 12V subsystems.
Vicor (NASDAQ: VICR) has announced its upcoming third quarter 2024 earnings conference call and webcast, scheduled for Tuesday, October 22, 2024, at 5:00 p.m. (Eastern). The event will feature prepared remarks on the company's financial and operational results for the three and nine months ended September 30, 2024, followed by a Q&A session with key executives including CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP of Global Sales and Marketing Phil Davies.
The third quarter results will be released over GlobeNewswire at the close of the NASDAQ Market Session on October 22, 2024. Investors and analysts intending to ask questions are encouraged to register through Notified, the service provider hosting the conference call. For those interested in listen-only mode, a webcast link will be available on Vicor's Investor Relations page. A replay of the webcast will also be accessible on the same page for those unable to participate in the live call.
Vicor (NASDAQ: VICR) announced that Administrative Law Judge Cameron Elliot of the U.S. International Trade Commission issued an Initial Determination on September 27, finding a Section 337 violation in the importation of certain power converter modules and computing systems containing those modules. The determination states that these products infringe on asserted claims of U.S. Patent Nos. 9,516,761 and 9,166,481.
The Initial Determination also found that respondents, including contract manufacturers of computing systems, do not possess a license to practice any claim of the asserted patents. Pending a Final Determination, the International Trade Commission may issue an exclusion order preventing the importation of computing systems with infringing modules into the United States, as well as cease and desist orders barring their sales in the country.
Vicor (NASDAQ: VICR) has responded to allegations made in recently filed securities litigation. The company disclosed facts that formed the basis for its response, addressing claims related to its financial reporting and business practices. While specific details of the allegations and Vicor's response are not provided in the press release, the company's action suggests it is actively defending itself against the legal claims.
As securities litigation can have significant implications for publicly traded companies, this development may be of interest to Vicor's shareholders and potential investors. The outcome of such legal proceedings could potentially impact the company's reputation, financial position, and stock performance.
Vicor (NASDAQ: VICR) reported Q2 2024 financial results, showing a 19.6% year-over-year decrease in revenues to $85.9 million. The company experienced a net loss of $(1.2) million, or $(0.03) per diluted share, compared to net income of $17.1 million in Q2 2023. Gross margin decreased to 49.8% from 51.7% year-over-year.
Despite challenges, Vicor saw improvements in backlog, revenues, and cash flow compared to Q1 2024. Cash and cash equivalents increased 5.3% sequentially to $251.9 million. The company's CEO, Dr. Patrizio Vinciarelli, highlighted Vicor's focus on high current and power density requirements, expressing confidence in their competitive position and market opportunity.
Vicor has partnered with Saab UK to develop the world's first work-class all-electric ROV (eWROV), designed for deep-sea exploration and commercial underwater applications. This innovative system incorporates Vicor power modules to enable a lightweight, thermally efficient power system that eliminates the need for traditional hydraulic fluid, reducing environmental risks.
The eWROV delivers performance equivalent to a 250hp undersea vehicle while improving reliability and extending service intervals. Vicor's high-density power modules have been important in achieving a compact, scalable design that optimizes energy delivery, reduces CO2 emissions, and allows for more payload space. The power delivery network utilizes Vicor's fixed-ratio bus converters (BCMs) and regulated DC-DC converters (DCMs) to supply high-performance, low-voltage subsystem power, enabling the integration of additional electronics and improving overall performance.
Vicor (NASDAQ: VICR) will hold its second quarter 2024 earnings conference call on July 23, 2024, at 5:00 p.m. (Eastern). The call will be hosted by CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies. Financial and operational results for Q2 2024 will be released via GlobeNewswire after NASDAQ closes on the same day. Investors and analysts can register with Notified to participate in the Q&A session, while others can listen via a webcast link available on Vicor's Investor Relations page. A webcast replay will also be accessible post-conference.
On June 24, 2024, Vicor (NASDAQ: VICR) secured a preliminary injunction from the United States District Court for the District of Massachusetts. The injunction prevents Foxconn subsidiaries from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission (CIETAC). Foxconn had sought rulings from CIETAC based on fine print in their purchase orders, claiming entitlement to royalty-free licenses for Vicor's patents. These patents are part of a pending investigation with the United States International Trade Commission (ITC), which could result in an exclusion order barring entry of infringing power converter modules and systems into the U.S. This legal win for Vicor could have significant implications for its ongoing patent enforcement efforts and market presence in the U.S.
Vicor (NASDAQ: VICR) announced that the United States Patent and Trademark Office's Patent Trial and Appeal Board (PTAB) denied Delta Electronics' three Inter Partes Review (IPR) petitions challenging the validity of Vicor's patents. Filed in 2023, these patents cover power converter modules used in data centers, AI, and cloud computing systems. Vicor's ITC complaint seeks to protect its patents by barring infringing products from entering the U.S. The PTAB's recent decisions support Vicor's IP rights, bolstering its case for an exclusion order against Delta and its customers.
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