secwatch.observer — SEC 8-K summary
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Issuer:     VICOR CORP (VICR)
CIK:        0000751978
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107125
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vicor Q1 revenue $83.9M (-14.3% YoY), EPS $0.06 vs $0.25; backlog down 45%
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- Revenue $83.9M, down from $97.8M YoY; net income $2.6M vs $11.2M YoY ($0.06 vs $0.25 diluted EPS).
- Gross margin improved to 53.8% from 47.6% YoY; operating expenses rose to $44.0M on higher legal costs.
- Backlog fell to $150.3M (-44.6% YoY, -6.5% sequentially); cash flow from operations $2.7M vs $10.1M YoY.
- CEO cites IP licensing campaign and legal campaign as strategic focus; expects future revenue from 5G and ChiP foundry.
- Cash and equivalents $239.2M, down 1.3% sequentially; capex $7.4M vs $10.1M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751978/000119312524107125/0001193125-24-107125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751978/000119312524107125/d828945d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107125

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