2023-04-25 16:20:58 ET
- Vicor press release ( NASDAQ: VICR ): Q1 GAAP EPS of $0.25 beats by $0.07 .
- Revenue of $97.8M (+10.8% Y/Y) misses by $6.33M .
- Gross margin increased to $46.5 million for the first quarter of 2023, compared to $37.6 million
- Cash flow from operations totaled $10.1 million for the first quarter, compared to cash flow from operations of $4.6 million for the corresponding period a year ago, and cash flow from operations of $0.9 million in the fourth quarter of 2022.
- Capital expenditures for the first quarter totaled $10.1 million, compared to $22.7 million for the corresponding period a year ago and $12.7 million for the fourth quarter of 2022.
- Cash and cash equivalents as of March 31, 2023 increased 1.2% sequentially to approximately $192.9 million compared to approximately $190.6 million as of December 31, 2022.
- Backlog for the first quarter ended March 31, 2023 totaled $271.3 million, a 36.0% decrease from $423.7 million for the corresponding period a year
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Vicor GAAP EPS of $0.25 beats by $0.07, revenue of $97.8M misses by $6.33M