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AI brief of an SEC Form 8-K · Vicor (VICR)

Vicor swings to Q2 net loss of $1.2 million as revenue falls 19.6% from a year ago

Negative Impact 3 of 5 earnings Written later

Vicor reported second-quarter 2024 revenue of $85.9 million, down 19.6% from a year earlier but up 2.4% from the first quarter, and a net loss of $1.2 million, or $0.03 per diluted share, compared with net income of $17.1 million, or $0.38 per share, a year ago. The loss narrowed from a $14.5 million net loss in the first quarter, and the filing notes a $2.3 million litigation-contingency expense in the quarter, with accrued litigation rising to $26.2 million from $6.5 million at December 31, 2023.

Key points

  • Q2 2024 revenue $85.9 million, down 19.6% year over year and up 2.4% sequentially
  • Net loss $1.2 million ($0.03 per diluted share) vs. net income $17.1 million ($0.38) a year ago; Q1 2024 net loss was $14.5 million
  • Gross margin 49.8% vs. 51.7% a year ago; backlog $153.8 million, down 29.2% year over year
  • Cash and cash equivalents $251.9 million at June 30, 2024; Q2 cash flow from operations $15.6 million

The filing

CompanyVicor (VICR)
Form8-K, current report
Filed with the SECJul 23, 2024, 4:29 PM ET
Accession number0001193125-24-182890

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.