Vicor reports Q1 EPS 6c, consensus 29c

Reports Q1 revenue $93.97M, consensus $96.63M. Commenting on first quarter performance, CEO Patrizio Vinciarelli stated: “Revenues and gross margins declined sequentially, with reduced income from a licensee transitioning to a new generation of unlicensed products. Margin improvements await higher utilization of our ChiP fab and increased income from existing and future licensees. Licensing has been gaining traction with OEMs and hyper-scalers wishing to avoid infringing hardware being excluded from importation into the US.”