Investment Strategy - A well-diversified portfolio should be constructed with a core foundation of a high-quality low-cost S&P 500 fund [1] - For those who can tolerate short-term risks, an over-weight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term secular bull market [1] - Large oil and gas companies that provide strong dividend income and growth are suggested for dividend income, reflecting the author's background in the oil and gas industry [1] Portfolio Management Approach - A top-down capital allocation approach is recommended, tailored to each investor's personal situation, including factors such as age, retirement status, risk tolerance, income, net worth, and goals [1] - Suggested investment categories include S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1]

Power module specialist Vicor's (VICR -22.89%) was looking anything but powerful on Wednesday, as its shares lost more than 23% of their value. The culprit was a quarterly earnings report that investors found not to their liking, to put it mildly. Vicor's slide came on a not-bad day for stocks overall, which saw the S&P 500 index close up marginally (by almost 0.2%).Improvements in key line items, but...Vicor published its first-quarter earnings after market hours on Tuesday, and the market's blowback was s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ Commission File Number 0-18277 VICOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-2742817 (Stat ...

Financial Data and Key Metrics Changes - Vicor recorded total revenue of $90.4 million for Q1 2025, down 2.3% sequentially from Q4 2024's $96.2 million, but up 12% from Q1 2024's $83.9 million [6] - Advanced products revenue increased 2.7% sequentially to $59.9 million, while product revenue decreased 10% sequentially to $34.1 million [6] - Gross profit margin for Q1 was 47.2%, a decrease of 520 basis points from the prior quarter [7] - Net income for Q1 totaled $2.5 million, with GAAP diluted earnings per share at $0.06 based on a fully diluted share count of 45.5 million shares [11] Business Line Data and Key Metrics Changes - Shipments to stocking distributors decreased 16.9% sequentially and 33.8% year over year [7] - Advanced product share of total revenue increased to 63.7% compared to 60.6% in Q4 2024, while Brick product share decreased to 36.3% [7] - Total operating expenses increased 8.2% sequentially to $44.5 million, primarily due to increased research and development expenses [10] Market Data and Key Metrics Changes - Exports as a percentage of total revenue increased to approximately 60.8% from 56.9% in the prior quarter [7] - The one-year backlog increased 10.4% from the prior quarter, closing at $171.7 million [12] Company Strategy and Development Direction - Vicor is focusing on developing complete front-end to point-of-load solutions centered on a 48-volt hub, which is proving effective as evidenced by strong engagements across top customers [20] - The company is navigating a changing tariff landscape and has informed customers of a 10% tariff surcharge for shipments after July [18] - Vicor is positioned to offer high-efficiency, high-density power delivery networks, with a market expected to exceed $5 billion by 2028 [17] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a year of uncertainty and opportunity, unable to provide quarterly guidance until uncertainties are resolved [13] - The company remains confident in its licensing business as a growth area, despite short-term impacts from a licensee transitioning to unlicensed products [25] - Management expects continued growth in product revenues and licensing income, with a focus on new product introductions [52] Other Important Information - The transition to a new ERP system (SAP) contributed to the decline in gross margin due to increased production and consulting expenses [9] - Capital expenditures for Q1 totaled $4.6 million, with a construction and progress balance of approximately $9.9 million for manufacturing equipment [12] Q&A Session Summary Question: Can you elaborate on the impact of Vicor's licensing business? - Management acknowledged a short-term impact from a licensee transitioning to unlicensed products but remains confident in the growth potential of the licensing business [25] Question: What are the expected impacts of tariffs on supply and demand? - Management assessed the impact of tariffs on the bill of materials and instituted a 10% tariff surcharge, not expecting significant negative impacts on demand [29] Question: What is the timeline for ramping second-generation VPD products? - Management expects to bring development to fruition for lead customers soon, targeting power production in the second half of the year [34] Question: How does the company view the NBM business going forward? - Management expects the NBM business to grow, driven by demand following the ITC win and concerns from OEMs and hyperscalers [67] Question: What is the status of the ITC case? - The ITC case concluded with a final determination, and management is confident in overcoming the commission's position regarding licensing [54] Question: What is the expected pricing after implementing tariff surcharges? - A 10% tariff surcharge will be applied across the board, with expectations to maintain margins despite varying impacts on different products [61]

Vicor (VICR) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants James Schmidt - Corporate VP, CFO, Treasurer & SecretaryPhilip Davies - Corporate VP of Global Sales & MarketingPatrizio Vinciarelli - Chairman, CEO & PresidentJonathan Tanwanteng - Managing DirectorAlan Hicks - Founder & Managing Member Conference Call Participants Quinn Bolton - Senior AnalystNone - AnalystRichard Shannon - Senior Research AnalystJames Liberman - Analyst Operator Good day and thank you for standing by. Welc ...

Exhibit 99.1 NEWS RELEASE FINANCIAL NEWS BRIEF April 29, 2025 For Immediate Release Vicor Corporation Reports Results for the First Quarter Ended March 31, 2025 Andover, Mass., April 29, 2025 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today reported financial results for the first quarter ended March 31, 2025. 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 below. Revenues for the first quart ...

Core Viewpoint - Vicor Corporation reported a mixed financial performance for the first quarter of 2025, with revenue growth year-over-year but declines in gross margin and net income compared to the previous quarter [2][3][4]. Financial Performance - Revenues for Q1 2025 were $94.0 million, reflecting a 12.0% increase from $83.9 million in Q1 2024, but a 2.3% decrease from $96.2 million in Q4 2024 [2]. - Gross margin decreased to $44.4 million in Q1 2025 from $45.1 million in Q1 2024 and from $50.4 million in Q4 2024, with gross margin percentage dropping to 47.2% from 53.8% year-over-year and from 52.4% sequentially [3]. - Operating expenses were $44.5 million in Q1 2025, down from $61.2 million in Q1 2024 but up from $41.2 million in Q4 2024 [3]. Profitability - The net income for Q1 2025 was $2.5 million, or $0.06 per diluted share, compared to a net loss of $14.5 million or ($0.33) per diluted share in Q1 2024, and net income of $10.2 million or $0.23 per diluted share in Q4 2024 [4]. - Cash flow from operations was $20.1 million in Q1 2025, significantly up from $2.6 million in Q1 2024 and $10.1 million in Q4 2024 [5]. Backlog and Future Outlook - The backlog for Q1 2025 was $171.7 million, a 14.2% increase from $150.3 million in Q1 2024 and a 10.4% increase from $155.5 million at the end of Q4 2024 [6]. - CEO Dr. Patrizio Vinciarelli highlighted challenges in revenue and gross margin due to a licensee transitioning to new products, but noted potential for margin improvements with higher utilization of manufacturing capabilities and increased licensing income [7]. Capital Structure - As of March 31, 2025, cash and cash equivalents increased by 6.8% sequentially to approximately $296.1 million from approximately $277.3 million as of December 31, 2024 [5]. - Total assets as of March 31, 2025, were $665.0 million, up from $641.1 million at the end of 2024 [14][15].

ANDOVER, Mass., April 08, 2025 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) announced today it will hold its first quarter 2025 earnings conference call and webcast on Tuesday, April 29, 2025 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three months ended March 31, 2025 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice ...

How to rapidly implement bi-directional 800V to 48V/12V DC-DC conversion using high-density power modules ANDOVER, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- As the automotive industry migrates to 800V batteries and a 48V zonal architecture, power system designers are looking for rapidly deployable solutions that also optimize performance, minimize size, weight and system cost. Converting from high voltage to 48V and 12V, presents a variety of complex power design challenges. The new Vicor automotive grade p ...

ANDOVER, Mass., March 26, 2025 (GLOBE NEWSWIRE) -- Vicor has released a new DCM family that supports 48V-centric power delivery networks with greater system efficiency and performance. The DCMs (DCM3717 and DCM3735) range in power levels from 750W up to 2kW and provide an industry-leading power density of 5kW/in3. Power system designers requiring scalable solutions can parallel devices for higher power capability. Vicor DCM3717 and DCM3735, non-isolated regulated 48V-12V converters ease the migration to 48 ...