secwatch.observer — SEC 8-K summary
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Issuer:     VICOR CORP (VICR)
CIK:        0000751978
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001193125-24-042900
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751978/000119312524042900/0001193125-24-042900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751978/000119312524042900/d779516d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-042900

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