Vicor corp (VICR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenues

63,401

63,125

70,772

63,355

65,725

73,720

78,035

74,196

65,269

58,771

56,888

57,709

54,462

48,085

53,227

52,941

46,027

51,394

48,664

56,119

64,017

60,735

58,402

53,361

53,233

55,258

55,091

46,865

41,946

50,424

52,948

55,467

59,668

58,551

58,560

65,402

70,455

68,672

57,377

Cost of revenues

36,070

33,364

37,770

34,238

34,639

39,847

39,031

38,313

35,058

31,840

31,745

31,779

30,810

26,586

27,304

28,470

26,711

28,563

27,378

29,609

35,126

34,619

32,852

30,699

30,441

31,827

32,111

28,404

25,339

30,299

29,995

31,361

35,201

34,060

34,120

38,093

40,001

36,199

31,638

Gross margin

27,331

29,761

33,002

29,117

31,086

33,873

39,004

35,883

30,211

26,931

25,143

25,930

23,652

21,499

25,923

24,471

19,316

22,831

21,286

26,510

28,891

26,116

25,550

22,662

22,792

23,431

22,980

18,461

16,607

20,125

22,953

24,106

24,467

24,491

24,440

27,309

30,454

32,473

25,739

Operating expenses:
Selling, general and administrative

16,369

16,711

15,443

15,030

15,373

15,731

15,280

15,814

15,399

15,033

14,500

14,536

14,023

14,032

13,312

14,315

14,016

14,982

13,383

15,086

14,862

15,830

17,354

17,033

17,980

16,917

14,478

15,455

13,887

14,405

13,425

13,665

14,160

13,767

13,072

13,022

14,180

12,166

12,061

Research and development

13,335

12,155

11,507

11,706

11,220

11,066

10,691

11,403

11,126

11,442

10,543

11,932

11,007

10,024

10,338

10,757

10,729

10,301

10,121

10,631

10,419

10,240

10,345

10,643

10,251

10,148

9,857

9,988

9,855

9,937

9,232

9,732

9,843

9,516

9,694

9,903

9,854

8,925

9,037

Severance and other charges

-

-

-

-

-

-

-10

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,983

-

-

0

0

0

1,361

-

0

0

-

-

-

-

-

-

-

Total operating expenses

29,704

28,866

26,950

26,736

26,593

26,859

25,961

27,567

26,525

26,475

25,043

26,468

25,030

24,056

23,650

25,072

24,745

25,283

23,504

25,717

25,281

26,294

29,682

27,676

28,231

27,065

24,335

25,443

25,103

24,379

22,657

23,397

24,003

23,283

22,766

22,925

24,034

21,091

21,098

(Loss) income from operations

-2,373

895

6,052

2,381

4,493

7,014

13,043

8,316

3,686

456

100

-538

-1,378

-2,557

2,273

-601

-5,429

-2,452

-2,218

793

3,610

-178

-4,132

-5,014

-5,439

-3,634

-1,355

-6,982

-8,496

-4,254

296

709

464

1,208

1,674

4,384

6,420

11,382

4,641

Other income (expense), net:
Total unrealized gains on available-for-sale securities, net

47

-66

11

19

20

-87

32

33

23

-74

34

39

18

-72

1

26

27

-103

15

54

-15

611

60

40

39

-157

65

-14

52

-70

351

6

224

37

-125

1,167

127

-

-

Total other than temporary impairment losses on available-for-sale securities, net of settlement gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-407

-121

Less: portion of gains recognized in other comprehensive income

-46

67

-10

-18

-19

88

-30

-31

-21

76

-31

-36

-15

75

2

-23

-23

103

-11

-50

19

-379

-41

20

-39

157

-64

-66

-51

45

-339

-5

-221

-30

53

-807

-120

-476

-120

Net credit gains recognized in earnings

1

1

1

1

1

1

2

2

2

2

3

3

3

3

3

3

4

0

4

4

4

-

19

20

-

0

1

-80

1

7

-12

-1

-3

597

72

-360

-7

-

-

Net impairment (losses) gains recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

-1

Other income (expense), net

147

392

145

287

238

255

230

-46

428

266

306

357

322

-69

208

61

71

14

-3

35

-33

-52

-83

62

30

-10

50

26

14

14

58

81

50

-9

72

186

-205

156

424

Total other income (expense), net

148

393

146

288

239

256

232

-44

430

268

309

360

325

-66

211

64

75

14

1

39

-29

220

-64

82

30

-10

51

-54

15

-11

70

82

53

-2

0

546

-198

87

425

(Loss) income before income taxes

-2,225

1,288

6,198

2,669

4,732

7,270

13,275

8,272

4,116

724

409

-178

-1,053

-2,623

2,484

-537

-5,354

-2,438

-2,217

832

3,581

42

-4,196

-4,932

-5,409

-3,644

-1,304

-7,036

-8,481

-4,265

366

791

517

1,206

1,674

4,930

6,222

11,469

5,066

Less: (Benefit) provision for income taxes

-494

-27

266

113

426

363

227

363

134

-895

371

267

-99

63

133

13

22

-775

174

61

139

85

-527

0

17

9,376

-406

-2,436

-3,495

398

86

547

176

445

499

1,726

2,053

-4,400

319

Gain from sale of equity method investment, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net (loss) income

-1,731

1,315

5,932

2,556

4,306

6,907

13,048

7,909

3,982

1,619

38

-445

-954

-2,686

2,351

-550

-5,376

-1,663

2,609

771

3,442

-43

-3,669

-4,932

-5,426

-13,020

-898

-4,600

-4,986

-4,663

280

244

341

761

1,175

3,204

4,169

15,869

4,747

Less: Net income attributable to noncontrolling interest

4

3

-5

-7

20

-3

36

49

39

8

49

14

20

2

15

-6

-25

89

106

-34

71

-43

5

-97

-48

82

34

16

4

151

89

24

15

84

93

138

151

50

-

Net (loss) income attributable to Vicor Corporation

-1,735

1,312

5,937

2,563

4,286

6,910

13,012

7,860

3,943

1,611

-11

-459

-974

-2,688

2,336

-544

-5,351

-1,752

2,503

805

3,371

0

-3,674

-4,835

-5,378

-13,102

-932

-4,616

-4,990

-4,814

191

220

326

677

1,082

3,066

4,018

15,819

4,747

Net (loss) income per common share attributable to Vicor Corporation:
Basic

-0.04

0.03

0.15

0.06

0.11

0.18

0.32

0.20

0.10

0.03

0.00

-0.01

-0.02

-0.07

0.06

-0.01

-0.14

-0.04

0.06

0.02

0.09

0.01

-0.10

-0.13

-0.14

-0.34

-0.02

-0.12

-0.12

-0.12

0.00

0.01

0.01

0.01

0.03

0.07

0.10

0.38

0.11

Diluted

-0.04

0.04

0.14

0.06

0.10

0.17

0.32

0.19

0.10

0.03

0.00

-0.01

-0.02

-0.07

0.06

-0.01

-0.14

-0.04

0.06

0.02

0.09

0.01

-0.10

-0.13

-0.14

-0.34

-0.02

-0.12

-0.12

-0.12

0.00

0.01

0.01

0.01

0.03

0.07

0.10

0.38

0.11

Shares used to compute net (loss) income per common share attributable to Vicor Corporation:
Basic

40,635

40,484

40,332

40,275

40,229

40,180

40,120

39,709

39,479

39,382

39,288

39,172

39,070

38,936

38,837

38,801

38,794

38,791

38,786

38,750

38,689

38,641

38,552

38,542

38,541

38,537

38,538

38,538

41,167

41,811

41,811

41,811

41,811

41,809

41,810

41,798

41,771

41,693

41,686

Diluted

40,635

42,404

42,194

41,081

41,029

40,979

41,124

40,646

40,167

42,202

39,288

39,172

39,070

38,589

39,184

38,801

38,794

39,056

39,086

39,293

39,149

38,641

38,552

38,542

38,541

38,537

38,538

38,538

41,167

41,791

41,815

41,812

41,826

41,827

41,851

41,887

41,859

41,774

41,752

Cash dividends declared per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

0.15

-

0.15

0.30

0.30