Vicor(VICR) GlobeNewswire·2025-02-20 21:05Core Insights - Vicor Corporation reported financial results for Q4 and the year ended December 31, 2024, highlighting improvements in revenues and gross margins despite a decline in annual revenues [1][7]. Financial Performance - Q4 revenues reached 92.7 million and a 3.2% sequential increase from 50.4 million, up from 45.7 million sequentially, with gross margin percentage increasing to 52.4% from 51.1% year-over-year and 49.1% sequentially [3]. - Net income for Q4 was 0.23 per diluted share, compared to 0.19 per diluted share in the same period last year, but down from 0.26 per diluted share in Q3 2024 [4]. - Cash flow from operations for Q4 totaled 21.5 million year-over-year and 155.5 million, a 3.3% decrease from 150.6 million at the end of Q3 2024 [6]. Annual Overview - For the year ended December 31, 2024, revenues decreased by 11.4% to 405.1 million in the prior year [7]. - The gross margin percentage for the year improved to 51.2% from 50.6% in the prior year [7]. - Annual net income was 0.14 per diluted share, significantly down from 1.19 per diluted share in the previous year [7]. - Cash flows from operations for the year totaled 74.5 million in the prior year [7]. Strategic Insights - CEO Dr. Patrizio Vinciarelli noted that revenue and gross margins improved, with further margin enhancements expected from higher utilization of the ChiP fab and increased licensing income [8]. - The company is focused on completing the development of a high-density VPD system for AI applications, which is anticipated to set new standards for performance and efficiency [8].