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 third-quarter financial results for 2022, revealing revenues of $103.1 million, a 21.4% increase year-over-year. However, gross margin decreased to 45.5%, down from 50.4% a year ago. Net income fell to $8.1 million ($0.18 per diluted share), compared to $13.3 million ($0.29 per diluted share) in the same quarter last year. The company faced a challenging macroeconomic environment and increased legal expenses impacting profitability. Cash flow from operations totaled $6.6 million, decreasing from last year's $10.1 million.
Vicor Corporation has launched a new podcast titled Powering Innovation, aimed at showcasing how power electronics enable breakthrough solutions to pressing global challenges. The podcast, debuting on October 12, features interviews with leaders from innovative companies and focuses on a range of topics including low-emissions aviation and humanitarian efforts. New episodes will be released monthly across major platforms like Spotify and Apple Music, further enhancing Vicor's visibility in the power electronics sector.
Vicor Corporation (NASDAQ: VICR) will host its third quarter 2022 earnings call on October 25, 2022, at 5:00 p.m. (Eastern). The earnings results will be released via GlobeNewswire at market close on the same day. During the call, CEO Patrizio Vinciarelli, CFO Jim Schmidt, and VP of Global Sales and Marketing Phil Davies will discuss the company's financial performance for the three and nine months ended September 30, 2022. Pre-registration for analysts and investors is encouraged for Q&A participation.
Vicor Corporation has been recognized for its manufacturing excellence by the Massachusetts Manufacturing Extension Partnership on September 16, 2022. The award highlights Vicor's commitment to innovation and sustainability, particularly in its advanced power-on-package technology. Recently completing a factory expansion in Andover, the company aims to meet rising demand in high-growth markets, including automotive electrification and advanced robotics. Vicor's new ChiP fab is the first power module foundry designed for high-density solutions, ensuring cost-effective production and superior quality.
Vicor Corporation reported its Q2 2022 financial results, showing revenues of $102.2 million, an increase of 7.1% year-over-year and 15.7% sequentially. However, gross margin decreased to $46.8 million, representing a 45.8% margin, down from 52.3% a year ago. Net income dropped to $10.6 million or $0.24 per diluted share, compared to $19.4 million or $0.43 per diluted share last year. Cash flow from operations was $10.8 million, down from $12.3 million a year ago. The backlog stands at over $400 million, indicating growth potential despite challenges in production capacity.
Vicor Corporation (NASDAQ: VICR) has announced its upcoming second quarter 2022 earnings conference call scheduled for July 21, 2022, at 5:00 p.m. Eastern. The call will review the financial and operational results for the three and six months ending June 30, 2022, with remarks from CEO Patrizio Vinciarelli, CFO Jim Schmidt, and VP Phil Davies. Results will be disclosed via GlobeNewswire after the market closes on the same day. Investors can pre-register for the call through BT Conferencing to streamline participation.
Vicor Corporation (NASDAQ: VICR) reported Q1 2022 financial results showing revenues of $88.3 million, a 0.6% decrease from $88.8 million year-over-year. Gross margin fell to $37.6 million, with a margin percentage of 42.6%, down from 50.3% a year ago. Net income was $5.0 million, or $0.11 per diluted share, down from $15.1 million, or $0.34 per diluted share, a year prior. Cash flow from operations decreased to $4.6 million. Despite challenges, the book-to-bill ratio exceeded 1, with a one-year backlog up nearly 23%. Capacity expansion is expected to start in Q3.
Vicor Corporation (NASDAQ: VICR) will host its first quarter 2022 earnings conference call on April 21, 2022, at 5:00 p.m. Eastern. The call will cover financial and operational results for the quarter ending March 31, 2022, with participation from CEO Patrizio Vinciarelli, CFO Jim Schmidt, and Corporate VP Phil Davies. Results will be disclosed via GlobeNewswire after market close on the same day, with access to financial statements on Vicor's Investor Relations website.
Vicor (NASDAQ: VICR) will showcase innovative power solutions for xEVs at the World Congress Experience in Detroit from April 5-7, 2022. These solutions utilize high-density power modules that can reduce automotive power system size, weight, and component count by up to 70%, with power losses decreased by up to 50%. Presentations will cover eliminating 12V lead-acid batteries, the impact of miniaturized power modules, and compatibility with DC charging stations, addressing key electrification challenges in the automotive sector.
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