secwatch.observer — SEC 8-K summary
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Issuer:     VICOR CORP (VICR)
CIK:        0000751978
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001193125-23-115369
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vicor Q1 revenue up 10.8% YoY to $97.8M, EPS $0.25; backlog drops 36% YoY
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- Revenue $97.8M, up 10.8% YoY; net income $11.2M ($0.25 diluted EPS) vs $5.0M ($0.11) a year ago.
- Gross margin improved to 47.6% from 42.6% a year ago; operating cash flow $10.1M.
- Backlog fell 36% YoY to $271.3M; bookings weak until AI OEMs adopt advanced power distribution.
- Automotive progress with 4G modular solutions up to 150kW; production ramps expected starting 2025.
- First ChiP foundry completion imminent; 5G FPA for scalable vertical PDNs for AI systems.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751978/000119312523115369/0001193125-23-115369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751978/000119312523115369/d484570d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115369

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