Vicor Corporation, headquartered in Andover, Massachusetts, designs, manufactures and markets modular power components. Wikipedia.

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News Article | April 17, 2017
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Apr 11, 2017) - Vicor Corporation ( : VICR) today released instructions for its quarterly investor conference call, which will be held on Tuesday, April 25, 2017, beginning promptly at 5:00 p.m. (Eastern). Patrizio Vinciarelli, Chief Executive Officer, and James A. Simms, Chief Financial Officer, will discuss Vicor's financial performance for the three months ended March 31, 2017, and respond to listener questions. Results for the first quarter will be released over Marketwired at the close of the NASDAQ Market Session on April 25, 2017, and the press release setting forth these results and a summary of the company's financial statements will be available shortly thereafter on the Investor Relations page of Vicor's website at www.vicorpower.com. Those interested in participating in the conference call should dial the following telephone number at approximately 4:50 p.m. (Eastern): 888-419-5570, followed by the passcode 77101714. Global in-country toll free or local dial-in numbers for this conference call may be found at http://www.btconferencing.com/globalaccess/?bid=288_attended. Internet users can listen to a real-time audio broadcast of the conference call by following the appropriate link on the Investor Relations page of Vicor's website. Please go to the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a replay will be available shortly after the conference call through May 10, 2017. The replay dial-in number is 888-286-8010, followed by the passcode 77516145. In addition, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor's website.


News Article | April 25, 2017
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Apr 25, 2017) -  Vicor Corporation ( : VICR) today reported financial results for the first quarter ended March 31, 2017. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are presented below. Revenues for the first quarter ended March 31, 2017 increased to $54,462,000, compared to $46,027,000 for the corresponding period a year ago, and increased from $48,085,000 for the fourth quarter of 2016. First quarter bookings increased to $57,891,000 from $49,000,000 for the corresponding period a year ago, and increased from $55,082,000 for the fourth quarter of 2016. Gross margin increased to $23,652,000 for the first quarter of 2017, compared to $19,316,000 for the corresponding period a year ago, and increased from $21,499,000 for the fourth quarter of 2016. Gross margin, as a percentage of revenue, increased to 43.4% for the first quarter of 2017, compared to 42.0% for the first quarter of 2016, but decreased from 44.7% for the fourth quarter of 2016. Net loss for the first quarter was ($974,000), or ($0.02) per share, compared to a net loss of ($5,351,000), or ($0.14) per share, for the corresponding period a year ago and a net loss of ($2,688,000), or ($0.07) per share, for the fourth quarter of 2016. Cash used for operating activities totaled $1,347,000 for the first quarter of 2017, compared to cash used for operating activities of $834,000 for the corresponding period a year ago. Cash and cash equivalents sequentially decreased by $3,343,000 to approximately $52,827,000 at the end of the first quarter of 2017 from $56,170,000 at the end of the fourth quarter of 2016. Total backlog at the end of the first quarter of 2017 was $51,732,000, compared to $48,371,000 at the end of 2016. Speaking to the first quarter's results, Dr. Patrizio Vinciarelli, Chief Executive Officer, stated, "Financial performance fell short of consolidated net profitability because of manufacturing inefficiencies related to ramping new products. Notably, shipments of 48V to Point-of-Load solutions for datacenter servers rose by a third sequentially concurrently with the start of a steeper ramp of AC to 48V and 48V to Power-on-Package ("PoP") solutions for an advanced supercomputing installation taking place in Q2. A sequential increase in consolidated bookings and a strengthening book-to-bill ratio bode well for projected sequential increases in quarterly revenues and profitability in 2017." Dr. Vinciarelli continued, "Design-in activity of advanced products in datacenter, supercomputing, artificial intelligence, machine learning, autonomous driving, and aerospace applications led to design wins for powering next generation GPUs, CPUs, and ASICs, whose escalating current requirements necessitate higher density power system solutions, on the motherboard or, preferably, within the ASIC package (PoP). Customers recognize that Vicor's power system technology enables competitive advantages in a rapidly evolving compute landscape." For more information on Vicor and its products, please visit the Company's website at www.vicorpower.com. Vicor will be holding its investor conference call today, Tuesday, April 25, 2017 at 5:00 p.m. Eastern Time. Shareholders interested in participating in the call should call 888-419-5570 at approximately 4:50 p.m. and use the Passcode 77101714. Internet users may listen to a real-time audio broadcast of the conference call on the Investor Relations section of Vicor's website at www.vicorpower.com. Please go to the website at least 15 minutes prior to the call to register, download and install any necessary software. For those who cannot participate in the conference call, a replay will be available, shortly after the conclusion of the call, through May 10, 2017. The replay dial-in number is 888-286-8010 and the Passcode is 77516145. In addition, a webcast replay of the conference call will also be available on the Investor Relations section of Vicor's website at www.vicorpower.com beginning shortly after the conclusion of the call. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words "believes," "expects," "anticipates," "intend," "estimate," "plans," "assumes," "may," "will," "would," "should," "continue," "prospective," "project," and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management's current expectations and estimates as to the prospective events and circumstances that may or may not be within the company's control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor's Annual Report on Form 10-K for the year ended December 31, 2016, under Part I, Item I -- "Business," under Part I, Item 1A -- "Risk Factors," under Part I, Item 3 -- "Legal Proceedings," and under Part II, Item 7 -- "Management's Discussion and Analysis of Financial Condition and Results of Operations." The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments. Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products primarily to customers in the higher-performance, higher-power segments of the power systems market, including aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, and vehicles and transportation markets.


ZettaScaler-1.8 Super Computer is cooled by ExaScaler technology and powered by Vicor modules SALT LAKE CITY, UT--(Marketwired - Nov 15, 2016) - At SC16, ExaScaler and PEZY Computing today unveiled ZettaScaler-1.8, the first Super Computer with a Performance Density of 1.5 PetaFLOPS/m3 (Rpeak). The ZettaScaler-1.8 is an advanced prototype of the ZettaScaler-2.0 due to be released in 2017 with a performance density three times higher than the ZettaScaler-1.8. The ZettaScaler-1.8 Super Computer is cooled by ExaScaler immersion liquid cooling technology and powered by Vicor ( : VICR) 380V to 48V and 48V to 1V modules. At SC16, Vicor announced its supporting role in ExaScaler and PEZY Computing's development of revolutionary supercomputing platforms. Powered from 380V DC, ExaScaler's ZettaScaler-1.8 utilizes Vicor converters to provide 48V to high density, high efficiency direct-to-PoL current multipliers feeding PEZY Computing's low voltage, high current processors. "ExaScaler and PEZY Computing have achieved substantial improvements in efficiency and density with 380V to 48V converters and 48V direct-to-PoL VTM current multipliers from Vicor," said Motoaki Saito, Founder/CEO of ExaScaler and PEZY Computing. "A Vicor modular power system supports the unprecedented performance of ExaScaler and PEZY Computing's new super-computing platforms," said Patrizio Vinciarelli, Founder/CEO of Vicor. Come see us at SC16 at Booth 843 where ExaScaler / PEZY Computing will be demonstrating its technology. Follow Vicor on Social Media Twitter: @VicorPower Vicor Corporation on LinkedIn Vicor PowerBlog About Vicor Corporation Headquartered in Andover, Massachusetts, Vicor Corporation, manufactures and markets innovative, high-performance modular power components, from power modules to semiconductor-centric solutions, to enable customers to efficiency convert and manage power from the power source to the point of load. www.vicorpower.com


News Article | November 12, 2016
Site: www.newsmaker.com.au

The report Global DC-DC Converter Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2022 published by DecisionDatabases.com. The report covers the growth trend and complete market overview. The report is useful for business strategists for gaining a detailed understanding about the market, its value chain, competitor study and detailed company profile. The huge surge in the DC-DC Converter market demand is majorly attributed to the growing focus on new opportunity for power conservation along with the evolution of innovative power-saving architectures and growth of hybrid DC-DC converter for various space applications.  Additionally, rising need for high power by the ICT industry along with the expansion of digital power control & management technologies will further aid in the growth of the market over the coming years. A DC-DC converter is an electromechanical device which acts as a high electric power converter by converting direct current from one voltage range to another. It incorporates an electronic circuit where power levels vary from a very low to a very high voltage such as small batteries to high-voltage power transmission. The rising number of satellite constellations globally and increasing space programs by various space organizations are anticipated to spur market demand over the coming years. However, rising incompetency of these converters to switch-off during no-load circumstances is a major challenge, which may hinder market growth in the near future. The global market has been segmented based on output voltage into 3.3v, 5v, 12v, 15v and others. The 3.3 VDC is a major output voltage segment and is projected to grow at the highest CAGR over the forecast period due to rising innovation in the area of digital power management and control in order to support the power schemes of newly introduced spacecraft & satellites. The market has been further segmented based on output number into single, dual and others. Furthermore, the market has been segmented based on output power and application. The communication is a fastest growing segment and is estimated to witness a double digit growth in the study period. The growth of this segment is attributed to growing number of communication satellites across the globe along with the increasing paid TV market. The rapid technological advancements and recent favorable modifications in the U.S. export administration in the aeronautics & space industry has been the major drivers accounting for the dominance of North America on the global market. Asia Pacific is a fastest growing market and is projected to grow at an outstanding rate over the coming years on account of the rising number of launch of technologically advanced communication satellites along with the expanding paid TV market in the region. Major players assessed in the report are: > Artesyn Embedded Technologies > Bel Fuse Corporation > Cosel Co., Ltd > Crane Aerospace and Electronics > Delta Electronics Inc. > Ericsson > FDK Corporation > General Electric > Murata Manufacturing Co. Ltd. > Texas Instruments > Traco Electronic AG > Vicor Corporation METHODOLOGY: A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 1. INTRODUCTION 2. EXECUTIVE SUMMARY     3. MARKET ANALYSIS 4. DC-DC CONVERTER MARKET ANALYSIS BY OUTPUT VOLTAGE 5. DC-DC CONVERTER MARKET ANALYSIS BY OUTPUT NUMBER 6. DC-DC CONVERTER MARKET ANALYSIS BY OUTPUT POWER 7. DC-DC CONVERTER MARKET ANALYSIS BY APPLICATION 8. DC-DC CONVERTER MARKET ANALYSIS BY GEOGRAPHY 9. COMPETITIVE LANDSCAPE OF THE DC-DC CONVERTER COMPANIES 10. COMPANY PROFILES OF THE DC-DC CONVERTER INDUSTRY DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.   Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.


Yu X.,Vicor Corporation | Salato M.,Vicor Corporation
IEEE Transactions on Power Electronics | Year: 2014

Very high switching frequency (1 MHz or more) is highly desired for dc-dc converters to achieve high power density. State-of-the-art dc-dc converters are capable of achieving high-efficiency with the high-switching frequency, which promotes an opportunity and challenge for a redesign of the traditional input filters. This paper describes an optimal input filter design with minimum components count, which consists of fewer passive components than common input filter topologies. The proposed methodology leverages parasitic parameters of both converter and filter elements in order to achieve optimal performance. It also features high flexibility without sacrificing performance. The stability analysis has been performed to ensure a stable system. A prototype has been realized for a transformer-coupled zero voltage switching buck-boost converter and performance has been successfully validated against design targets. © 1986-2012 IEEE.


News Article | March 2, 2017
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Mar 2, 2017) -   Vicor Corporation ( : VICR) today announced a new addition to its growing PI37xx family of Cool-Power ZVS Buck-Boost Regulators. Delivering up to 140 Watts of power, and up to 8 Amps of output current, at up to 96% efficiency, the new PI3740 Cool-Power regulator features an input operating voltage range of 8 - 60 VDC and a regulated output voltage range of 10 - 50 VDC. Incorporating Vicor's proprietary high frequency zero-voltage switching (ZVS) technology, and featuring a best-in-class combination of conversion efficiency, power density and performance, the PI3740 is an ideal choice for demanding, automotive, industrial, test automation, LED lighting, and battery charging. Like all members of the PI37xx family, the PI3740 meets its performance specifications "out of the box" across the full breadth of its operating voltage ranges without the need for special circuit customizations. Wide operating voltage ranges can enable a reduction in both the number of regulators and the number of power supply designs that must be designed, configured, manufactured, inventoried and maintained. The PI3740 converter, for example, can be used in a range of applications that would otherwise require the use of several different alternative regulators having narrower operating voltage ranges. For example, a power supply incorporating a PI3740 can be designed to operate from, or charge, both a 12V and a 24V battery source. And all Vicor PI37xx Buck-Boost converters feature seamless transitioning between Buck mode (input voltage is greater than output voltage) and Boost mode (input voltage is less than output voltage) making them the best choice for applications in which the regulator input voltage varies above and below the output voltage. The PI3740 fully integrates its controller, power switches and support circuitry within a high density, thermally adept, 10mm x 14mm x 2.5mm SiP (System-in-Package). Other PI3740 features include: high frequency (1 MHz) operation; parallel options; constant-voltage and constant-current (e.g. for LED lighting applications) operating modes; over-voltage, over-temperature and over-current protection; -40º to 115ºC temperature range; and an integrated current sense amplifier and integrated general purpose amplifier. Offering a best-in-class combination of operating voltage range, efficiency, density and thermal performance, and backed up by an online suite of design, system analysis and simulation tools, this newest member of the growing family of PI37xx Cool-Power ZVS Buck-Boost regulators enables users to quickly and economically configure a high-density, high-performance, and reliable power system. About Vicor Corporation  Headquartered in Andover, Massachusetts, Vicor Corporation, manufactures and markets innovative, high-performance modular power components, from power modules to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the power source to the point of load.www.vicorpower.com Power Component Design Methodology  Vicor's Power Component Design Methodology enables power system designers to reap all of the benefits of modular power component design -- predictable component and system functionality and reliability, fast design cycles, and easy system configurability, re-configurability and scaling -- while achieving system operating efficiency, power density and economy that rival the best alternative solutions. Utilizing Vicor's Power System Designer, engineers can select from an extensive portfolio of proven Vicor power components to architect, optimize and simulate their complete power system, all the way from their input sources to their points of load. This innovative approach to power system design delivers fast time-to-market and state-of-the-art performance while minimizing the possibility of last minute surprises and delays that so often occur with conventional or custom design methodologies. Vicor and Cool-Power are trademarks of Vicor Corporation.


News Article | February 15, 2017
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Feb 10, 2017) - Vicor Corporation ( : VICR) today released instructions for its quarterly investor conference call, which will be held on Thursday, February 23, 2017, beginning promptly at 5:00 p.m. (Eastern). Patrizio Vinciarelli, Chief Executive Officer, and James A. Simms, Chief Financial Officer, will discuss Vicor's financial performance for the three and twelve months ended December 31, 2016, and respond to listener questions. Results for the fourth quarter and full year will be released over Marketwired at the close of the NASDAQ Market Session on February 23, 2017, and the press release setting forth these results and a summary of the company's financial statements will be available shortly thereafter on the Investor Relations page of Vicor's website at www.vicorpower.com. Those interested in participating in the conference call should dial the following telephone number at approximately 4:50 p.m. (Eastern): 888-419-5570, followed by the passcode 60276372. Global in-country toll free or local dial-in numbers for this conference call may be found at http://www.btconferencing.com/globalaccess/?bid=288_attended. Internet users can listen to a real-time audio broadcast of the conference call by following the appropriate link on the Investor Relations page of Vicor's website. Please go to the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a replay will be available shortly after the conference call through March 10, 2017. The replay dial-in number is 888-286-8010, followed by the passcode 40981832. In addition, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor's website.


For the second year in a row, ACE Awards recognize a Vicor breakthrough innovation in power conversion technology ANDOVER, MA--(Marketwired - Dec 15, 2016) - Vicor Corporation ( : VICR) today announced it has been named a winner in the 2016 UBM Americas ACE Awards in the Power category. The awards program honors the people and companies behind the technologies and products that are changing the world of electronics. The winners were announced at an awards ceremony on Wednesday, December 7, at the San Jose Convention Center, during the Embedded Systems Conference Silicon Valley. "Vicor's 48V Direct-to-POL product families exemplify the benefits of the Power Component Design Methodology, equipping designers to architect high performance datacenter solutions -- from the power source to the point of load -- using modular, building block components," said Robert Gendron, Vice President, Product Marketing, Vicor Power Components. "This honor from UBM Americas is a testament to our significant investment in power electronics innovation and our continued commitment to helping our customers achieve the highest levels of power performance and design flexibility." Optimized for system loads (CPUs, GPUs, ASICs, and DDR memory) requiring operating voltages at or below 1.8 Volts at load currents up to hundreds of Amperes, Vicor's 48V Direct-to-POL product families enable system designers to implement datacenter and distributed power solutions featuring high conversion efficiency and low distribution loss in a fraction of the space required by legacy 12V solutions. Incorporating advances in control, power train and packaging technology, these products comprise non-isolated ZVS Buck-Boost Pre-Regulator modules (PRMs) and isolated Voltage Transformation Modules (VTMs). When configured in a "Factorized Power Architecture," a PRM receives its input from a 48V distributed bus and delivers a controlled, "factorized" voltage to the input of a VTM. The output voltage of the VTM is the factorized voltage multiplied by a fixed conversion ratio K (e.g. K = 1/40) and the output current of the VTM is 1/K (e.g. 1/K = 40) times the VTM input current. Current multiplication at the POL delivers higher efficiency, density, and bandwidth, all of which are distinguishing attributes of Factorized Power. "We're excited to honor this robust group for their dedication to their craft and efforts in bettering the industry for years to come," said Nina Brown, VP Events, UBM Americas. "The judging panel was given the difficult task of selecting winners from an incredibly talented group of finalists and we'd like to thank all of those participants for their amazing work and also honor their achievements. These awards aim to shine a light on the best in today's electronics realm and this group is the perfect example of excellence within both an important and complex industry." A panel of EE Times and EDN editors narrowed down the entries to three finalists in each category, based on the criteria set forth in an online submission form. Winners are determined from among the finalists by a panel of independent judges. For more information on the awards program visit http://ubm-ace.com/. About Vicor Corporation Headquartered in Andover, Massachusetts, Vicor Corporation, manufactures and markets innovative, high-performance modular power components, from power modules to semiconductor-centric solutions, to enable customers to efficiency convert and manage power from the power source to the point of load. www.vicorpower.com UBM Americas, a part of UBM plc, is the largest business-to-business events and trade show organizer in the U.S. Through a range of aligned interactive physical and digital environments, UBM Americas increases business effectiveness for both customers and audiences by cultivating meaningful experiences, knowledge and connections. UBM Americas has offices spanning North and South America, and serves a variety of specialist industries with dedicated events and marketing services covering everything from fashion, tech and life sciences to advanced manufacturing, cruise shipping, specialty chemicals, powersports and automotive, concrete, hospitality, cargo transportation and more. For more information, visit: www.ubmamericas.com. About Advanced Manufacturing Expos & Conferences UBM's Advanced Manufacturing portfolio is the leading B-to-B event producer, publisher, and digital media business for the world's $3 trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the advanced manufacturing market and leverage our proprietary 1.3 million name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Advanced Manufacturing portfolio is organized by UBM Americas, a part of UBM plc (UBM.L), an Events First marketing and communication services business. For more information, visit www.ubmamericas.com. Vicor, VTM, PRM and Factorized Power are trademarks of Vicor Corporation


News Article | February 23, 2017
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Feb 23, 2017) - Vicor Corporation ( : VICR) today reported financial results for the fourth quarter and year ended December 31, 2016. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are presented below. Revenues for the fourth quarter ended December 31, 2016, decreased to $48,085,000, compared to $51,394,000 for the corresponding period a year ago, and decreased from $53,227,000 for the third quarter of 2016. Fourth quarter bookings increased to $55,082,000 from $46,636,000 for the corresponding period a year ago, and increased from $53,846,000 for the third quarter of 2016. Gross margin decreased to $21,499,000 for the fourth quarter of 2016, compared to $22,831,000 for the corresponding period a year ago, and decreased from $25,923,000 for the third quarter of 2016. Gross margin, as a percentage of revenue, increased to 44.7% for the fourth quarter of 2016, compared to 44.4% for the fourth quarter of 2015, but decreased from 48.7% for the third quarter of 2016. Net loss for the fourth quarter was ($2,688,000), or ($0.07) per share, compared to a net loss of ($1,752,000), or ($0.05) per share, for the corresponding period a year ago and net income of $2,336,000, or $0.06 per diluted share, for the third quarter of 2016. Revenues for the year ended December 31, 2016, decreased 9.0% to $200,280,000 from $220,194,000 for the corresponding period a year ago. Net loss for the current year was ($6,247,000), or ($0.16) per share, compared to net income of $4,927,000, or $0.13 per diluted share, for the corresponding period a year ago. Included in net income for the third quarter of 2015 was a gain from equity method investment of $5,000,000, representing cash consideration received for the Company's investment in Great Wall Semiconductor Corporation ("GWS"), following the acquisition of GWS by Intersil Corporation in September 2015. Cash provided by operating activities totaled $2,128,000 for the fourth quarter of 2016, compared to cash used for operating activities of $164,000 for the corresponding period a year ago. Cash and cash equivalents increased sequentially by $1,104,000 to approximately $56,170,000 at the end of the fourth quarter of 2016 from $55,066,000 at the end of the third quarter of 2016. Total backlog at the end of 2016 was $48,371,000, compared to $42,124,000 at the end of the third quarter, and $39,073,000 at the end of 2015. Dr. Patrizio Vinciarelli, Chief Executive Officer, commented on fourth quarter performance and the outlook for 2017, stating, "A nearly 10% sequential decline in quarterly consolidated revenue caused reduced manufacturing efficiencies, reduced product margins, and a quarterly loss. However, a sequential increase in consolidated bookings and a strengthening book-to-bill ratio bode well for sequential increases in quarterly revenues and profitability in 2017. Shipments of 48V to point-of-load solutions for datacenters rose 13% sequentially, with customers also placing orders for deliveries in Q1 and beyond. Design-in activity of advanced products in datacenter, supercomputing, autonomous driving, and aerospace applications accelerated, with first design wins for powering GPUs and for powering CPUs within the CPU package. This high level of activity and an improvement in bookings are indicative of increasing market traction enabled by our innovative and highly differentiated modular power components." For more information on Vicor and its products, please visit the Company's website at www.vicorpower.com. Vicor will be holding its investor conference call today, Thursday, February 23, 2017 at 5:00 p.m. Eastern Time. Shareholders interested in participating in the call should call 888-419-5570 at approximately 4:50 p.m. and use the Passcode 60276372. Internet users may listen to a real-time audio broadcast of the conference call on the Investor Relations section of Vicor's website at www.vicorpower.com. Please go to the website at least 15 minutes prior to the call to register, download and install any necessary software. For those who cannot participate in the conference call, a replay will be available, shortly after the conclusion of the call, through March 10, 2017. The replay dial-in number is 888-286-8010 and the Passcode is 40981832. In addition, a webcast replay of the conference call will also be available on the Investor Relations section of Vicor's website at www.vicorpower.com beginning shortly after the conclusion of the call. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words "believes," "expects," "anticipates," "intend," "estimate," "plans," "assumes," "may," "will," "would," "should," "continue," "prospective," "project," and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management's current expectations and estimates as to the prospective events and circumstances that may or may not be within the company's control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor's Annual Report on Form 10-K for the year ended December 31, 2015, under Part I, Item I -- "Business," under Part I, Item 1A -- "Risk Factors," under Part I, Item 3 -- "Legal Proceedings," and under Part II, Item 7 -- "Management's Discussion and Analysis of Financial Condition and Results of Operations." The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments. Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products primarily to customers in the higher-performance, higher-power segments of the power systems market, including aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, and vehicles and transportation markets.


News Article | October 28, 2016
Site: www.marketwired.com

ANDOVER, MA--(Marketwired - Oct 25, 2016) - Vicor Corporation ( : VICR) today reported financial results for the third quarter and nine months ended September 30, 2016. These results will be discussed later today at 5:00 p.m. Eastern Time, during management's quarterly investor conference call. The details for the call are presented below. Revenues for the third quarter ended September 30, 2016 increased to $53,227,000, compared to $48,664,000 for the corresponding period a year ago, and increased from $52,941,000 for the second quarter of 2016. Third quarter bookings increased to $53,846,000 from $50,368,000 for the corresponding period a year ago, and increased from $52,514,000 for the second quarter of 2016. Gross margin increased to $25,923,000 for the third quarter of 2016, compared to $21,286,000 for the corresponding period a year ago, and increased from $24,471,000 for the second quarter of 2016. Gross margin, as a percentage of revenue, increased to 48.7% for the third quarter of 2016, compared to 43.7% for the third quarter of 2015, and increased from 46.2% for the second quarter of 2016. Net income for the third quarter was $2,336,000, or $0.06 per diluted share, compared to net income of $2,503,000, or $0.06 per diluted share, for the corresponding period a year ago and a net loss of ($544,000), or ($0.01) per share, for the second quarter of 2016. Included in net income for the third quarter of 2016 was the reversal of approximately $768,000 of previously recorded stock-based compensation expense for certain performance-based stock options, as Management concluded the related performance targets would not be met. Included in net income for the third quarter of 2015 was a gain from equity method investment of $5,000,000, representing cash consideration received for the Company's investment in Great Wall Semiconductor Corporation ("GWS"), following the acquisition of GWS by Intersil Corporation in September 2015. Revenues for the nine months ended September 30, 2016, decreased 9.8% to $152,195,000 from $168,800,000 for the corresponding period a year ago. Net loss for the nine month period was ($3,559,000), or ($0.09) per share, compared to net income of $6,679,000, or $0.17 per diluted share, for the corresponding period a year ago. Cash provided by operations totaled $2,421,000 for the third quarter of 2016, compared to cash provided by operations of $5,673,000 for the corresponding period a year ago. Cash and cash equivalents sequentially increased by $913,000 to approximately $55,066,000 at the end of the third quarter of 2016 from $54,153,000 at the end of the second quarter of 2016. Total backlog at the end of the third quarter of 2016 was $42,124,000, compared to $41,674,000 at the end of the second quarter, and $39,073,000 at the end of 2015. Commenting on third quarter financial performance, Dr. Patrizio Vinciarelli, Chief Executive Officer, stated, "Approximately $0.04 out of $0.06 per share in recorded earnings was due to non-recurring items and seasonal influences on operating expenses. Nevertheless, we are encouraged by Q3 results, as lower shipments of legacy products were offset by higher shipments of ChiP VTM and SiP PRM modules. Higher volumes of ChiPs and SiPs contributed to improved gross margins." Dr. Vinciarelli continued, "Ongoing weakness led to lower bookings of legacy Brick products. However, interest in ChiPs, VIAs and advanced new products continues to grow, as evidenced by an accelerating rate of projects funded by customers awarding us design wins. We are globally engaged with OEMs driven to our modular power solutions to achieve higher performance and a lower Total Cost of Ownership in Enterprise Computing (inclusive of Datacenters and Supercomputing), Instrumentation, LED Lighting, Networking, Wireless Telecom, Autonomous Driving and Aerospace applications. With a five-fold reduction in size relative to competing alternatives, power systems leveraging Vicor converters from the power source to the Point-of-Load enable superior end products. While conditions in certain markets continue to negatively influence our legacy business, demand from new customers has been escalating and supports our confidence in reaching an inflection point in revenues and profitability." For more information on Vicor and its products, please visit the Company's website at www.vicorpower.com. Vicor will be holding its investor conference call today, Tuesday, October 25, 2016 at 5:00 p.m. Eastern Time. Shareholders interested in participating in the call should call 888-419-5570 at approximately 4:50 p.m. and use the Passcode 90492518. Internet users may listen to a real-time audio broadcast of the conference call on the Investor Relations section of Vicor's website at www.vicorpower.com. Please go to the website at least 15 minutes prior to the call to register, download and install any necessary software. For those who cannot participate in the conference call, a replay will be available, shortly after the conclusion of the call, through November 9, 2016. The replay dial-in number is 888-286-8010 and the Passcode is 20774900. In addition, a webcast replay of the conference call will also be available on the Investor Relations section of Vicor's website at www.vicorpower.com beginning shortly after the conclusion of the call. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words "believes," "expects," "anticipates," "intend," "estimate," "plans," "assumes," "may," "will," "would," "should," "continue," "prospective," "project," and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management's current expectations and estimates as to the prospective events and circumstances that may or may not be within the company's control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor's Annual Report on Form 10-K for the year ended December 31, 2015, under Part I, Item I -- "Business," under Part I, Item 1A -- "Risk Factors," under Part I, Item 3 -- "Legal Proceedings," and under Part II, Item 7 -- "Management's Discussion and Analysis of Financial Condition and Results of Operations." The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments. Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products primarily to customers in the higher-performance, higher-power segments of the power systems market, including aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, and vehicles and transportation markets.

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