Vicor’s revenue and margin jump as backlog passes $400 million
Vicor ($VICR) reported quarterly product and royalty revenue of $197.1 million, up 78.5% year on year and 37.5% sequentially. Gross margin reached 68.3%, compared with 57.5% a year earlier and 58% in the preceding quarter. Net income rose to $63.3 million, or $1.33 per share, from $28.3 million and $0.63 a year earlier. Operating cash flow was $69.7 million. Cash totaled $513.1 million and backlog reached $406 million, up 166%. Operating expenses of $62.5 million included contingent intellectual