NASDAQ$VICR

Vicor Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Vicor reported a revenue increase of 7.1% and net income of $8.9 million for the fourth quarter of 2021.

Vicor Corporation reported Q4 2021 revenues of $90.3 million, a 7.1% increase year-over-year. Net income for the quarter was $8.9 million, or $0.20 per diluted share. The company experienced component shortages and capacity constraints which negatively impacted margins.

  • Q4 revenues increased by 7.1% year-over-year to $90.3 million.
  • Gross margin decreased to 45.2% compared to 48.0% in the corresponding period last year.
  • Net income was $8.9 million, or $0.20 per diluted share, compared to $11.2 million, or $0.25 per diluted share, for the corresponding period a year ago.
  • Cash flow from operations totaled $14.2 million for the fourth quarter.

Headline financials

Total Revenue

$90.3M

Previous: $84.3M+7.1%
EPS (adj)

$0.20

Previous: $0.26-23.1%
Gross Margin Percentage

45.2%

Previous: 48.0%-5.8%
Backlog

$17.00

No prior period
Cash Flow from Operations

$14.2M

No prior period
Net Income

$8.9M

Previous: $11.2M-20.5%
Operating Income

$8.9M

Previous: $11.6M-23.3%
Gross Profit

$40.8M

Previous: $40.5M+0.9%
Cash & Equivalents

$182M

Previous: $162M+12.8%
R&D Expense

$13.3M

Previous: $12.7M+4.5%

Revenue & EPS history

Vicor · Revenue · Quarterly

$90.3M

Q4 2021+7.1%vs Q4 2020
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

The company anticipates substantial progress on production rates and margins with its vertically integrated manufacturing facility, expected to start operations in Q3.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.7%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.5%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+58.6%

Q2 2023

Best reaction

-27.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+9.1%+8.9%
Q4 2025+11.3%+29.0%+7.7%
Q3 2025+30.0%+36.8%+28.2%
Q2 2025-4.5%-4.5%+2.6%
Q1 2025-23.1%-22.1%-15.9%
Q4 2024+22.8%+24.8%+3.4%
Q3 2024+10.5%+3.7%+21.4%
Q2 2024+1.4%+7.7%-0.0%
Q1 2024-7.5%-0.6%+0.4%
Q4 2023-22.4%-17.5%-17.3%
Q3 2023-26.6%-23.7%-28.9%
Q2 2023+58.6%+61.0%+14.4%
Q1 2023+2.2%+0.8%+26.7%
Q4 2022-27.7%-16.8%-22.9%
Q3 2022+4.3%+8.8%+18.7%
Q2 2022+4.8%+1.6%-13.0%
Q1 2022-6.0%-14.4%+3.3%
Q4 2021-16.1%-19.8%-28.3%
Q3 2021+2.3%+4.5%-9.9%
Q2 2021-1.9%-1.7%+10.0%
Q1 2021-7.4%-5.9%+0.9%
Q4 2020+3.4%+3.3%-9.8%
Q3 2020+4.0%-0.7%+1.8%
Q2 2020+4.0%+4.2%+7.9%
Q1 2020+2.2%+5.6%+28.1%
Q4 2019-7.2%-10.0%-15.2%
Q3 2019-0.8%+1.7%+13.5%
Q2 2019-0.8%-9.2%+2.2%
Q1 2019-1.5%+3.8%-18.5%
Q4 2018-4.3%-6.6%-9.2%
Q3 2018-5.2%+6.0%-11.8%
Q2 2018+5.8%+5.3%+9.7%
Q1 2018-1.3%-3.8%+22.3%
Q4 2017+4.1%-2.5%+8.4%
Q3 2017-2.1%-2.4%+6.4%
Q2 2017-5.1%-0.3%+2.2%
Q1 2017-1.1%-2.2%-3.6%
Q4 2016+0.3%+0.0%+3.2%
Q3 2016-3.4%-6.8%+13.6%
Q2 2016-4.1%-6.7%-1.7%
Q1 2016-1.8%
Q4 2015+0.6%
Q3 2015-4.8%
Q2 2015+0.7%
Q1 2015-5.3%
Q4 2014-5.7%
Q3 2014+5.3%
Q2 2014+0.0%
Q1 2014+0.9%
Q4 2013-7.6%
Q3 2013-5.9%
Q2 2013-2.0%
Q1 2013-1.3%
Q4 2012+3.4%
Q3 2012+5.6%
Q2 2012-1.0%
Q1 2012-5.3%
Q4 2011-1.7%
Q3 2011-1.5%
Q2 2011-1.7%
Q1 2011-4.5%
Q4 2010+2.9%
Q3 2010+4.9%
Q2 2010-1.3%
Q1 2010-14.0%

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