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) 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.
Vicor (VICR) has launched its first radiation-fault-tolerant DC-DC converter power modules, featuring the new SM-ChiP package, capable of powering low-voltage ASICs up to 300 watts. Tested by Boeing, these units are resilient to 50 kilorad of total ionizing dose and are immune to single-event upsets, thanks to a redundant architecture. The complete solution includes four modules designed for high power density and low noise, essential for advanced communication satellites. Operating temperatures range from -30 to 125°C, with all modules available now.
Vicor Corporation (NASDAQ: VICR) announced the appointment of David Krakauer as Vice President of Corporate Marketing and Channel Strategy. Krakauer will manage all marketing efforts, including corporate branding and channel sales. Previously, he worked at Analog Devices, focusing on corporate marketing and customer experience, and holds degrees from MIT. Senior VP Phil Davies emphasized Krakauer's extensive experience in driving revenue growth through innovative marketing strategies, highlighting Vicor's aim to strengthen its brand in high-growth markets.
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.
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