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 Corporation (NASDAQ: VICR) reported its Q4 and full-year 2022 financial results on February 23, 2023. Q4 revenue rose 16.8% year-over-year to $105.5 million, with a net income of $8.1 million. However, cash flow from operations dropped significantly to $0.9 million from $14.2 million a year prior. Full-year revenue increased by 11.1% to $399.1 million, but net income plummeted 55% to $25.5 million. The company noted a decrease in demand and persistent manufacturing inefficiencies, leading to a backlog decline to $304 million. Future profitability is anticipated to improve as manufacturing processes are integrated in Q2 2023.
Vicor Corporation (NASDAQ: VICR) has announced a distribution agreement with Avnet (NASDAQ: AVT), a leading global distributor of electronic components. This partnership aims to enhance access to Vicor’s power modules, leveraging Avnet's design and supply chain capabilities. Effective immediately, the agreement targets customers in the EMEA region, facilitating innovation with high-performance modular power solutions. Vicor’s VP, David Krakauer, emphasizes that this collaboration aligns with their strategic goals to deliver differentiated solutions to customers in various markets, including industrial and automotive sectors.
Vicor Corporation (NASDAQ: VICR) will hold its fourth quarter 2022 earnings conference call on February 23, 2023, at 5:00 p.m. Eastern. The call will follow the release of financial results for the three and twelve months ended December 31, 2022. CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies will present prepared remarks followed by a Q&A session. Investors can pre-register for the call via BT Conferencing. The earnings results will be disclosed over GlobeNewswire at market close on the same day. A replay will be available until March 10, 2023, along with a webcast on Vicor's Investor Relations page.
Vicor Corporation explores innovative strategies to combat coastal erosion through its latest podcast featuring CCell Renewables. The episode highlights CCell's award-winning technology aimed at restoring coral reefs to create natural barriers against erosion. CCell utilizes AI to monitor reef health and enhance marine habitats, promoting ecological balance. Robert Gendron, Vicor’s VP of Product Development, emphasizes the synergy between their power architecture and CCell’s mission to address climate challenges. The podcast is part of Vicor's ongoing effort to educate listeners on electrification and power solutions, available on major platforms.
Vicor (Nasdaq: VICR) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, at 8:45 AM ET. Key executives, including CEO Patrizio Vinciarelli and CFO Jim Schmidt, will present virtually. Attendees can register for the live event via the Vicor investor relations events webpage. A recorded version will be accessible for 90 days post-event. Vicor specializes in high-performance power modules across various sectors, enhancing power efficiency.
The recent launch of Boeing's O3b mPOWER communication satellite marks a significant milestone for Vicor Corporation (VICR), whose power modules support this mission. Designed to provide broadband internet access to underserved populations, Vicor's high-performance, radiation-tolerant modules power advanced communications ASICs and FPGAs. The power delivery network comprises various modules, including the BCM3423 bus converter and PRM2919 regulator, which are manufactured in Andover, Mass. Vicor aims to enhance power delivery capabilities for numerous sectors, including aerospace and defense.
Vicor Corporation has launched episode #3 of its Powering Innovation podcast, focusing on the electrification of aircraft. The episode features Robert Gendron discussing with Ed Lovelace, CTO of Ampaire, the challenges and opportunities in developing hybrid-electric planes. Key topics include the power needs of electrified aircraft and the potential for cleaner, electric power in aviation. Vicor highlights its advanced power modules, designed for high density and lighter weight, essential in supporting innovative aerospace applications.
Vicor Corporation launched the Powering Innovation podcast, focusing on advancements in tethered Unmanned Aerial Systems (UAS). The first episode features DPI UAV Systems, showcasing their new Unmanned Multirotor Aerial Relay system that enhances communication range by three times. The podcast highlights the collaboration between Vicor and DPI in developing power modules crucial for UAV technology, emphasizing the importance of high-density power systems. This episode is designed for power designers and engineers in the UAV sector, addressing real-world challenges in high-security communications.
Vicor Corporation is enhancing its manufacturing capabilities with a new ChiP fab in Andover, Massachusetts, aimed at supporting the growing demand in automotive electrification and data center/AI industries. Senator Edward Markey visited the facility, which employs cutting-edge, semiconductor-like processes for producing high-density power modules. This facility aligns with Vicor's strategy to cater to global OEMs and various advanced technology sectors. The Chicago fab represents a significant investment in scalable and sustainable manufacturing solutions.
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