Advertisement
News
Advertisement

Vicor Reports Financial Results for the Third Quarter

Tue, 10/26/2010 - 12:20pm
PowerPulse.net

Vicor Corp. reported its financial results for the third quarter and nine months ended September 30, 2010. Revenues for the third fiscal quarter ended September 30, 2010, increased to $68,672,000, compared to $47,746,000 for the corresponding period a year ago, and increased from $57,377,000 for the second quarter of 2010. Gross margin increased to $32,473,000 for the third quarter of 2010, compared to $20,668,000 for the corresponding period a year ago and $25,739,000 for the second quarter of 2010. Gross margin, as a%age of revenue, increased to 47.3% for the third quarter of 2010 compared to 43.3% for the third quarter of 2009 and 44.9% for the second quarter of 2010.

Net income for the third quarter was $15,819,000, or $0.38 per diluted share, compared to net income of $1,691,000, or $0.04 per diluted share, for the corresponding period a year ago and net income of $4,747,000, or $0.11 per diluted share, for the second quarter of 2010. During the third quarter of 2010, the company recorded a non-recurring, non-cash tax benefit of $5,158,000, or approximately $0.12 per diluted share, due to the release of a portion of its deferred tax valuation allowance.

SOURCE

Topics

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading