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Dec 31, 2023
Vicor Q4 2023 Earnings Report
Vicor reported a decrease in revenue but an increase in gross margin percentage and net income for Q4 2023.
Key Takeaways
Vicor's Q4 2023 revenues totaled $92.7 million, a 12.2% decrease year-over-year. However, gross margin percentage increased to 51.1%, and net income rose to $8.7 million, or $0.19 per diluted share. The company's backlog was $160.8 million, and cash and cash equivalents increased to $242.2 million.
Q4 revenue decreased by 12.2% year-over-year to $92.7 million.
Gross margin percentage increased to 51.1% from 46.6% in the corresponding period a year ago.
Net income increased to $8.7 million, or $0.19 per diluted share, compared to $8.1 million, or $0.18 per diluted share, year-over-year.
Cash flow from operations totaled $22.1 million, compared to $0.9 million in the corresponding period a year ago.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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