Financial Performance - Vicor Corporation reported total revenue of $93.2 million for Q3 2024, an increase of 8.5% sequentially from Q2 2024 but a decrease of 13.6% year-over-year from Q3 2023's $107.8 million [5] - The gross profit margin for Q3 was 49.1%, a decrease of 70 basis points from the previous quarter, primarily due to a change in product mix [7] - Net income for Q3 totaled $11.6 million, with a GAAP diluted income per share of $0.26 based on a fully diluted share count of 45,174,000 shares [7] Business Line Performance - Advanced Products revenue increased 6.5% sequentially to $49.4 million, while Brick Products revenue increased 10.8% sequentially to $43.8 million [6] - Shipments to stocking distributors decreased 12.5% sequentially and 22.7% year-over-year [6] - Advanced Products accounted for 53% of total revenue, down from 54% in Q2 2024, while Brick Products' share increased to 47% [6] Market Performance - Exports as a percentage of total revenue increased to approximately 49% from 43.3% in the prior quarter [6] - The company noted continued strength in industrial, aerospace, and defense markets, with temporary weakness in high-performance computing [9][10] Company Strategy and Industry Competition - Vicor is focusing resources on a set of 100 customers globally across four main markets to drive revenue growth towards a target of $1 billion and 65% gross margins [13] - The adoption of a 48V zonal architecture by automotive OEMs is creating significant new opportunities for Vicor, particularly with the introduction of new Gen 5 product families [14] - The company is executing a comprehensive plan to enforce its intellectual property rights against competitors, particularly in the AI market [11] Management Commentary on Operating Environment and Future Outlook - Management indicated that 2024 is a year of uncertainty and opportunity, with a wide range of possible outcomes affecting quarterly and annual results [9] - The company expects improvements in margins as the impact of legacy product mix diminishes in Q4 [44] - Management expressed optimism about the Gen 5 product line, anticipating significant traction as they engage with lead customers [49] Other Important Information - Cash and cash equivalents totaled $267.6 million, with accounts receivable at $58.5 million and inventories decreasing 3% sequentially to $105.8 million [8] - The company ended the quarter with a backlog of $150.6 million, which decreased by 2.1% from the prior quarter [8] Q&A Session Summary Question: Update on OEM customers using Delta bus converter modules - Management noted that Delta is assuring customers of a workaround, but skepticism exists regarding the feasibility of these claims [16][17] Question: Timeline for Gen 5 product adoption and shipments - Initial shipments of Gen 5 products are expected in the next couple of months, with broader adoption anticipated in late 2025 [20][19] Question: Revenue drivers for the quarter - The increase in revenue was attributed to strong performance in industrial and aerospace markets, despite weakness in high-performance computing [25] Question: Licensing revenue trends - Licensing revenue increased sequentially, contributing positively to overall revenue [39] Question: Future of Gen 5 revenue - Management expects Gen 5 revenue to ramp up significantly in 2025 as they engage with more customers [49]

Exhibit 99.1 NEWS RELEASE FINANCIAL NEWS BRIEF October 22, 2024 For Immediate Release Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2024 Andover, Mass., October 22, 2024 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2024. 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 ...

ANDOVER, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Vicor has released three automotive-grade power modules, delivering industry-leading power density and accelerating the adoption of 48V zonal architectures. The BCM6135, DCM3735 and PRM3735 support 48V power distribution in vehicles, with 800V-to-48V conversion, 48V regulation and 48V-to-12V regulation and conversion for legacy 12V subsystems. All three modules can be arrayed to scale up power levels, offering significant power system weight reduction. About ...

ANDOVER, Mass., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) announced today it will hold its third quarter 2024 earnings conference call and webcast on Tuesday, October 22, 2024 at 5:00 p.m. (Eastern). Prepared remarks regarding the company's financial and operational results for the three and nine months ended September 30, 2024 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, C ...

ANDOVER, Mass., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today announced that, on September 27, Administrative Law Judge Cameron Elliot of the U.S. International Trade Commission issued an Initial Determination of a Section 337 violation in the importation into the United States of certain power converter modules and computing systems containing those modules that infringe asserted claims of U.S. Patent Nos. 9,516,761 and 9,166,481. The Initial Determination also found that respon ...

Core Viewpoint - Vicor Corporation is facing a class action lawsuit due to alleged misleading statements and failure to disclose critical information regarding its business performance and technology capabilities [4][5][6]. Group 1: Company Overview - Vicor Corporation is a global technology company that specializes in power solutions, including the design, development, and manufacture of modular power components and systems for electrical power conversion [3]. Group 2: Allegations of the Lawsuit - The class action lawsuit claims that during the class period, Vicor made false and misleading statements about its technology's potential to expand its customer base for AI products [4]. - The lawsuit alleges that Vicor misrepresented the opportunities from its Power Distribution Networks solutions and failed to secure a major deal with Nvidia for its H100 product [4]. - It is claimed that Vicor's backlog was weak and declining for the third quarter of 2023 [4]. Group 3: Impact on Stock Price - Following a disclosure on October 24, 2023, regarding a reduction in backlog and a lack of visibility in near-term outlook, Vicor's stock price fell nearly 27% [5]. - On February 22, 2024, Vicor reported fourth-quarter financial results that did not meet analyst expectations, leading to a further stock price drop of nearly 24% [6].

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Vicor Corporation (NASDAQ: VICR) between April 26, 2023 and February 22, 2024, both dates inclusive (the "Class Period"), of the important September 23, 2024 lead plaintiff deadline. SO WHAT: If you purchased Vicor common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

SAN DIEGO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Vicor Corporation (NASDAQ: VICR) common stock between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"), have until Monday, September 23, 2024 to seek appointment as lead plaintiff of the Vicor class action lawsuit. Captioned Valiquette v. Vicor Corporation, No. 24-cv-11935 (D. Mass.), the Vicor class action lawsuit charges Vicor and certain of Vicor's top executives wi ...

Core Viewpoint - Vicor Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between April 26, 2023, and February 22, 2024 [1][2] Group 1: Lawsuit Details - The lawsuit claims that Vicor misled investors by falsely indicating a significant deal for its H100 product with Nvidia Corporation, which was later proven incorrect [2] - Following the misleading statements, Vicor's stock price peaked at nearly $100 per share but subsequently fell approximately 60% [2] Group 2: Investor Participation - Investors who suffered losses during the specified period have until September 23, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Vicor Corporation common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who bought Vicor common stock between April 26, 2023, and February 22, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 23, 2024 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured the largest securities class action settlement against a Chinese company and has consistently ranked highly in terms of settlements since 2013, recovering hundreds of millions for investors [4]. Group 3: Case Background - The lawsuit alleges that Vicor misled investors regarding a significant deal for its H100 product, which was believed to be with Nvidia Corporation, but was not discussed in their earnings report on October 24, 2023, and later contradicted in a press release on February 22, 2024 [5]. - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading statements made during the Class Period [5].