Vicor Q1 2024 Earnings Report

Reported a decrease in revenue and net income compared to the same period last year, but an increase in gross margin percentage.

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.

Total Revenue

$83.9M

Previous year: $97.8M