Vicor Q3 revenue $84.9M, down 11% sequentially; EPS $0.29; backlog $296M

VICOR CORP

2021-Q3 EPS reported $1.06 revenue$269,083,000

Revenue $84.9M (+8.7% YoY, -11.0% QoQ); gross margin 50.4% vs 52.3% Q2.
Net income $13.3M ($0.29 diluted EPS) vs $5.8M ($0.13) YoY and $19.4M ($0.43) Q2.
CEO cites semiconductor shortages; expects Q4 revenue step-up on improved component availability.
Book-to-bill ratio 2.0; backlog $296M vs $140M a year ago; factory expansion on track.
First OEM License Agreement executed with major OEM for Vicor IP.

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