earnings
confidence high
sentiment negative
materiality 0.75
Vicor Q3 revenue up 21% to $103M but net income falls to $0.18 EPS, hit by legal costs
VICOR CORP
2022-Q3 EPS reported
$0.39
revenue$293,586,000
- Revenue $103.1M (+21.4% YoY); net income $8.1M ($0.18 diluted EPS) vs $13.3M ($0.29) YoY.
- Gross margin 45.5% of revenue, down from 50.4% YoY; legal expenses from IP litigation hurt profitability.
- Book-to-bill below 1; CEO cites deteriorating macro environment reducing demand for electronic products.
- Cash from ops $6.6M (down from $10.1M YoY); capex $14.4M; cash & investments $202.0M.
- Continuing investment in first ChiP foundry to enable up to ~$1B annual capacity.