secwatch.observer — SEC 8-K summary
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Issuer:     VICOR CORP (VICR)
CIK:        0000751978
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001193125-22-113021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vicor Q1 revenue $88.3M (-0.6% YoY); EPS $0.11 vs $0.34 YoY; gross margin drops
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- Revenue $88.3M, down 0.6% YoY; net income $5.0M ($0.11 diluted EPS) vs $15.1M ($0.34) YoY.
- Gross margin 42.6% vs 50.3% YoY, attributed to component shortages and capacity constraints.
- Book-to-bill well above 1; one-year backlog increased ~23% sequentially from prior quarter.
- Capex $22.7M (vs $9.3M YoY) for ChiP foundry; initial operations expected to start in Q3 2022.
- Cash and short-term investments $211.1M, down 7.3% sequentially from $227.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751978/000119312522113021/0001193125-22-113021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751978/000119312522113021/d327481d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-113021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer