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 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.
Vicor Corporation (NASDAQ: VICR) reported second-quarter 2020 revenues of $70.7 million, an 11.7% increase year-over-year. Gross margin reached $30.3 million, but the margin percentage declined to 42.8% compared to 46.0% a year earlier. Net income slightly rose to $2.7 million, maintaining a diluted share of $0.06. The quarter also saw significant bookings of $87.5 million, up 45.4% year-over-year, while cash and equivalents increased to $196.7 million. Despite challenges from COVID-19, management remains optimistic about future growth and revenue expectations for Q3.
Vicor Corporation (NASDAQ: VICR) announces its second quarter 2020 earnings conference call scheduled for July 23, 2020, at 5:00 p.m. Eastern Time. The call will include financial results for the three and six months ending June 30, 2020, followed by a Q&A session with CEO Patrizio Vinciarelli and CFO James A. Simms. Results will be published on GlobeNewswire at market close on the same day. Pre-registration for participants is encouraged through BT Conferencing, and a web replay will be available post-event until August 7, 2020.
Vicor Corporation (NASDAQ: VICR) announced its membership in the Global Semiconductor Alliance (GSA), enhancing its position in the semiconductor industry. This membership underscores Vicor's leadership in Power-on-Package technology, which optimizes current density for applications in AI and high-performance computing. Additionally, Vicor's involvement in the GSA Automotive interest group highlights its advancements in vehicle electrification through innovative power modules that provide significant size and weight advantages.
Vicor Corporation (NASDAQ: VICR) announced that its 2020 Annual Meeting of Stockholders will occur via audio webcast, as previously stated on June 4, 2020. The virtual meeting will be hosted by Computershare, and participants must access the meeting by 8:45 am on June 26, 2020, using the link provided. Attendees need to register by June 19, 2020, to vote or ask questions; otherwise, they will be in listen-only mode. Post-meeting, an audio replay and presentation materials will be accessible on Vicor’s Investor Relations website.
DLA Piper has represented Needham & Company, LLC as the underwriter in Vicor Corporation's public offering of common stock, raising US$115 million. Vicor, known for high-performance power components, plans to utilize the proceeds for expanding manufacturing facilities and general corporate purposes. Needham acted as the sole book-running manager for this offering. The DLA Piper team included John J. Gilluly III and other key members, highlighting the firm's expertise in capital markets transactions within the technology sector.
Vicor Corporation (NASDAQ: VICR) has successfully completed a public offering, raising approximately $109.8 million in net proceeds after the underwriters exercised their option to purchase additional shares. The offering was priced at $65.00 per share, with the total raised from the offering amounting to $115 million. Vicor plans to utilize these funds to expand its manufacturing capabilities and for general corporate purposes. The offering was registered under an automatic shelf registration statement effective upon filing.
Vicor Corporation (NASDAQ: VICR) announced a public offering of $100 million in common stock at $65.00 per share, with an additional 30-day option for underwriters to purchase up to $15 million more. The offering is set to close on June 15, 2020, pending customary conditions. The net proceeds will support the expansion of manufacturing facilities and general corporate purposes. Needham & Company is the sole book-running manager, with Craig-Hallum Capital Group as co-manager. The offering follows an automatic shelf registration statement filed on June 9, 2020, with the SEC.
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