Vicor Q2 revenue $85.9M, net loss $1.2M; revenue down 19.6% YoY

VICOR CORP

2024-Q2 EPS reported -$0.35 revenue$169,726,000

Revenue $85.9M, down 19.6% YoY from $106.7M; up 2.4% sequentially.
Net loss $1.2M ($0.03 loss per diluted share) vs net income $17.1M ($0.38 EPS) a year ago.
Gross margin 49.8% vs 51.7% a year ago; operating expenses $42.6M, up from $37.3M.
Backlog $153.8M, down 29.2% YoY; cash $251.9M, up 5.3% sequentially.
CEO cites product mix and taxes for margin pressure; maintains positive outlook.

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