vicor corporation andover

ANDOVER, Mass., July 23, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the second quarter ended June 30, 2020. Shareholders interested in participating in the call who have not pre-registered should call 800-219-3192 at approximately 4: 30 p.m. and use the Passcode 25071226. Enter discrepancies into Non-Conforming material reports if needed. Get directions, reviews and information for Vicor Corporation in Andover, MA. 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, 2019, 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. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call.

Net income for the second quarter was $2.7 million, or $0.06 per diluted share, compared to net income of $2.6 million or $0.06 per diluted share, for the corresponding period a year ago and a net loss of ($1.7) million, or ($0.04) per basic share, for the first quarter of 2020.Results for the second quarter of 2020 included a non-cash charge of $1.2 million associated with the accelerated recognition of equity-based compensation expenses resulting from stock option awards made during the period. Gross margin, as a percentage of revenue, decreased to 42.8% for the second quarter of 2020, compared to 46.0% for the corresponding period a year ago, and decreased from 43.1% for the first quarter of 2020. 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, 2019, 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. Power delivery insights: Educational videos and webinarsVicor power modules support charging, delivery and conversion for electrified vehiclesThe most efficient power delivery for robots that harvest, deliver and moveYou should receive a reply to your request within one business day.We use cookies for analytics, advertising and to improve our site. 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. To find out more see our The people were really nice.Good place to work as a new graduate. Vicor Corporation Reports Results for the Second Quarter Ended June 30, 2020 ANDOVER, Mass., July 23, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation … July 23, 2020 16: 05 ET | Source: Vicor Corporation ANDOVER, Mass., July 23, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results … This addition will produce 50 new jobs in the community. Vicor is an Equal Opportunity employer. Our community is ready to answer.What is the vacation policy like at Vicor Corporation? Menu & Reservations Make Reservations . Contact Form. Revenues for the second quarter ended June 30, 2020 totaled $70.7 million, an 11.7% increase from $63.4 million for the corresponding period a year ago, and an 11.6% sequential increase from $63.4 million for the first quarter of 2020. It is a back stabbing culture that is promoted from the top down. 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.

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