Vicor Corp

VICR

Equity

ISIN US9258151029 / Valor 983399

NASDAQ (2024-09-18)

USD 36.15-2.01%

Vicor Corp
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About company

Vicor Corp is a leading provider of high-performance power modules, offering modular power system solutions for power delivery networks with a focus on density and efficiency. The company is known for its innovative approach to distribution architectures, conversion topologies, and packaging technology. Vicor serves a wide range of industries including enterprise and high-performance computing, industrial equipment, robotics, vehicles, satellites, and aerospace and defense. Their products enable customer innovation and provide high-density, efficient power delivery solutions from source to point-of-load.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

Vicor Corp's revenue for the second quarter ended June 30, 2024, totaled $85.9 million. This represents a 19.6% decrease from $106.7 million for the same period in 2023. However, it shows a 2.4% sequential increase from $83.9 million in the first quarter of 2024.

Gross Margin Reduction

Vicor Corp reported a gross margin of $42.8 million for the second quarter of 2024, down from $55.2 million in the same quarter of the previous year. The gross margin as a percentage of revenue also decreased to 49.8%, compared to 51.7% a year ago and 53.8% in the first quarter of 2024.

Operating Expenses

Operating expenses for Vicor Corp in the second quarter of 2024 increased to $42.6 million, up from $37.3 million in the same period of 2023. However, this was a decrease from $61.2 million in the first quarter of 2024.

Net Loss

Vicor Corp reported a net loss of $(1.2) million, or $(0.03) per diluted share, for the second quarter of 2024. This is a significant decline from the net income of $17.1 million, or $0.38 per diluted share, reported in the same quarter of the previous year. The net loss for the first quarter of 2024 was $(14.5) million, or $(0.33) per diluted share.

Cash Flow and Capital Expenditures

Cash flow from operations for Vicor Corp in the second quarter of 2024 was $15.6 million, compared to $19.0 million in the same period of 2023. Capital expenditures for the second quarter totaled $6.1 million, down from $8.5 million a year ago and $7.3 million in the first quarter of 2024.

Summarized from source with an LLMView Source

Key figures

-38.1%1Y

-72.3%3Y

10.6%5Y

Performance

60.4%1Y

69.3%3Y

63.1%5Y

Volatility