secwatch.observer — SEC 8-K summary
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Issuer:     VICOR CORP (VICR)
CIK:        0000751978
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046639
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vicor Q4 revenue $105.5M (+16.8% YoY) but net income falls; FY net income $25.5M, down 55%; CEO cites subdued demand
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- Q4 revenue $105.5M (+16.8% YoY, +2.3% sequential); net income $8.1M ($0.18 diluted EPS) vs $8.9M ($0.20) a year ago.
- Full-year 2022 revenue $399.1M (+11.1%); net income $25.5M ($0.57) vs $56.6M ($1.26) in 2021, down 55%.
- Cash flow from operations $22.9M in 2022, down 57.9% from $54.4M in 2021.
- Backlog declined to $304M; CEO says book-to-bill far below 1, demand subdued until new AI/datacenter/auto applications ramp.
- Gross margin improved to 46.6% in Q4 from 45.2% a year ago, but full-year margin fell to 45.2% from 49.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/d399146d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046639

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