Vicor Q4 revenue $92.7M (-12.2% YoY); net income $8.7M vs $8.1M YoY; FY23 revenue up 1.5%

VICOR CORP

2023-FY EPS reported $1.19 revenue$405,059,000

Q4 revenue $92.7M, down 12.2% YoY and 14.1% sequentially; net income $8.7M ($0.19 diluted EPS) vs $8.1M ($0.18) YoY.
Full year 2023 revenue $405.1M (+1.5% YoY); net income $53.6M ($1.19 diluted EPS) vs $25.4M ($0.57) in 2022.
Q4 gross margin improved to 51.1% from 46.6% YoY; backlog fell 47.2% YoY to $160.8M.
Cash from operations $75.1M for 2023 (+227.3% YoY); cash and equivalents $242.2M at Dec 31, 2023.
CEO cites AI platform demand and Vi Chip foundry as competitive advantages; IP enforcement action against NBM copycats ongoing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VICOR CORP reported fourth quarter ended December 31, 2023 results: revenue $92.7 million, net income $8.7 million, or $0.19 per diluted share, EPS $0.19 per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $92.7 million
Net income: $8.7 million, or $0.19 per diluted share
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below. Revenues for the fourth quarter ended December 31, 2023 totaled $92.7 million, a 12.2% decrease from $105.5 million for the corresponding period a year ago, and a 14.1% sequential decrease from $107.8 million in the third quarter of 2023. Gross margin

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VICOR CORP reported year ended December 31, 2023 results: revenue $405.1 million, net income $53.6 million, or $1.19 per diluted share, EPS $1.19 per diluted share.

Period: year ended December 31, 2023
Revenue: $405.1 million
Net income: $53.6 million, or $1.19 per diluted share
EPS: $1.19 per diluted share
Result: reported results

Exact text from the filing

Revenues for the year ended December 31, 2023 increased 1.5% to $405.1 million

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Source: SEC EDGAR

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