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Dec 31, 2021
Vicor Q4 2021 Earnings Report
Vicor reported a revenue increase of 7.1% and net income of $8.9 million for the fourth quarter of 2021.
Key Takeaways
Vicor Corporation reported Q4 2021 revenues of $90.3 million, a 7.1% increase year-over-year. Net income for the quarter was $8.9 million, or $0.20 per diluted share. The company experienced component shortages and capacity constraints which negatively impacted margins.
Q4 revenues increased by 7.1% year-over-year to $90.3 million.
Gross margin decreased to 45.2% compared to 48.0% in the corresponding period last year.
Net income was $8.9 million, or $0.20 per diluted share, compared to $11.2 million, or $0.25 per diluted share, for the corresponding period a year ago.
Cash flow from operations totaled $14.2 million for the fourth quarter.
Vicor
Vicor
Forward Guidance
The company anticipates substantial progress on production rates and margins with its vertically integrated manufacturing facility, expected to start operations in Q3.