Vicor Corporation (NASDAQ:VICR) Q3 2023 Earnings Conference Call October 24, 2023 5:00 PM ET Company Participants Jim Schmidt - Chief Financial Officer Phil Davies - Vice President, Global Sales & Marketing Patrizio Vinciarelli - Chief Executive Officer Conference Call Participants Jon Tanwanteng - CJS Securities John Dillon - D&B Capital Quinn Bolton - Needham & Company Operator Welcome, everyone to today's webinar entitled Vicor Earnings Results for the Third Quarter Ended September 30, 2023. My name is [ ...

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 June 30, 2023 ☐ 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 (State ...

Vicor Corporation (NASDAQ:VICR) Q2 2023 Earnings Conference Call July 25, 2023 12:00 PM ET Company Participants Jim Schmidt - CFO Phil Davies - VP, Global Sales and Marketing Patrizio Vinciarelli - CEO Conference Call Participants Quinn Bolton - Needham & Company Jon Tanwanteng - CJS Securities John Dillon - D&B Capital Don McKenna - John Dillon - Operator Welcome, everyone to today's webinar entitled Vicor Corporation Earnings Results for the Second Quarter Ended June 30, 2023. My name is Robin and I'll ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q For the quarterly period ended March 31, 2023 ☐ 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 (State of Incorporation) (I.R.S. ...

Vicor Corporation (NASDAQ:VICR) Q1 2023 Earnings Conference Call April 25, 2023 5:00 PM ET Company Participants Jim Schmidt - CFO Phil Davies - VP, Global Sales and Marketing Patrizio Vinciarelli - CEO Conference Call Participants Quinn Bolton - Needham & Company Jon Tanwanteng - CJS Securities John Dillon - D&B Capital Richard Shannon - Craig-Hallum Doug Campbell - Hotchkis & Wiley Capital Operator Welcome, everyone to today's webinar entitled Vicor Corporation Earnings Results for the First Quarter Ended ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-18277 VICOR CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 25 Fron ...

Vicor Corporation (NASDAQ:VICR) Q3 2022 Earnings Conference Call October 25, 2022 17:00 PM ET Company Participants James Schmidt - CFO Philip Davies - VP of Global Sales and Marketing Conference Call Participants Jon Tanwanteng - CJS Securities Quinn Bolton - Needham & Company Alan Hicks - Ainsley Capital Management John Dillon - D&B Capital Richard Shannon - Craig-Hallum Doug Combat - Promus Capital Don McKenna - D.B. McKenna Presentation Operator Good day, everyone, and welcome to Vicor Earnings Results f ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q VICOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-2742817 (State of Incorporation) (I.R.S. Employer Identification No.) 25 Frontage Road, Andover, Massachusetts 01810 (Address of Principal Executive Office) (978) 470-2900 (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

Financial Performance - Net revenues for Q1 2022 decreased by 2.2% to $88,282,000 from $90,281,000 in Q4 2021, with Brick Products down 9.1% and Advanced Products up 3.0%[86] - Gross margin for Q1 2022 decreased to $37,601,000, a decline of 15.9% from $44,700,000 in Q1 2021, with gross margin percentage dropping to 42.6% from 50.3%[89] - Net income for Q1 2022 was $4.99 million, or $0.11 per diluted share, compared to $15.09 million, or $0.34 per diluted share, for Q1 2021[100] - Operating expenses increased by $906,000, or 2.8%, to $32.82 million in Q1 2022 from $31.92 million in Q4 2021[90] - Research and development expenses rose to $14.25 million in Q1 2022, an increase of $1.23 million, or 9.4%, compared to Q1 2021[95] - Selling, general, and administrative expenses were $18.57 million for Q1 2022, an increase of $1.61 million, or 9.5%, from Q1 2021[92] Revenue Breakdown - Export sales accounted for approximately 72.0% of total net revenues in Q1 2022, compared to 71.7% in Q4 2021[86] - Advanced Products revenue increased by 54.1% year-over-year, driven by growth in the data center and high-performance computing sectors[88] - Brick Products revenue fell by 35.1% year-over-year, primarily due to unfavorable market conditions in the U.S. and Asia Pacific regions[88] Operational Focus - The company is focusing on transitioning to a high-volume operational model for Advanced Products while maintaining profitability in Brick Products[77] - The ongoing semiconductor supply allocation issues have constrained growth in Advanced Products despite increased demand[86] - The company plans to invest in expanded manufacturing capacity and new processes to mitigate supply chain risks[86] Supply Chain and Inventory - The company expects to continue monitoring supply chain risks and customer financial health amid ongoing pandemic uncertainties[84] - Backlog at the end of Q1 2022 was approximately $423.74 million, up from $345.59 million at the end of Q4 2021, primarily due to increased bookings[90] - Inventories increased by approximately $6.54 million, or 9.7%, to $73.86 million at March 31, 2022, compared to $67.32 million at December 31, 2021[90] Capital and Cash Position - Capital additions totaled $22.68 million in Q1 2022, compared to $16.82 million in Q4 2021[90] - As of March 31, 2022, cash and cash equivalents were $191.05 million, with a current ratio of 7.0:1[101] - The company had approximately $32.33 million in capital expenditure commitments as of March 31, 2022, primarily for manufacturing and production equipment[106] Tax and Compliance - The effective income tax rate for Q1 2022 was (1.0)%, consistent with Q1 2021, primarily due to the company's full valuation allowance position against domestic deferred tax assets[99] - Management, including the CEO and CFO, evaluated the effectiveness of disclosure controls and procedures as of March 31, 2022, concluding they were effective at a reasonable assurance level[113] - There were no changes in internal control over financial reporting during the fiscal quarter ended March 31, 2022, that materially affected internal control[117] - The company acknowledges that no control system can provide absolute assurance against errors or fraud, highlighting inherent limitations in all control systems[114]

Table of Contents Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-18277 VICOR CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...