Vicor Q1 2024 Earnings Report
Key Takeaways
Vicor Corporation reported Q1 2024 financial results with revenues of $83.9 million, a 14.3% decrease year-over-year. Net income was $2.6 million, or $0.06 per diluted share, down from $11.2 million, or $0.25 per diluted share, in the same period last year. Gross margin increased to 53.8% compared to 47.6% in the prior year.
Q1 revenues totaled $83.9 million, a 14.3% decrease year-over-year.
Gross margin increased to 53.8%, up from 47.6% in the same period last year.
Operating expenses increased to $44.0 million, primarily due to higher legal expenses.
Net income was $2.6 million, or $0.06 per diluted share, down from $11.2 million, or $0.25 per diluted share, year-over-year.
Vicor
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Forward Guidance
Vicor's product strategy, selective licensing of Intellectual Property and clarity of purpose secured Vicor’s future growth and profitability.