Vicor Corp. (VICR) released its first quarter results on Sunday, April 25, 2021. The company reported net earnings of $0.34 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 896 percent compared to the same period a year ago.
Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts. Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
Vicor Corp.'s revenue increased 24 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 50.34% for the first quarter compared to the same period in the previous year, and operating margins increased to 16.58% over the same period. Net earnings for past trailing twelve months were $34.74 million, up 330% from the prior year.
Moving on to the balance sheet, Vicor Corp.’s cash levels jumped 54% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 48.9% this past year. The current ratio for Vicor Corp. now stands at 7.74. The company increased shares outstanding by 6.91%.
Shares of VICR are currently trading around $90.21. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 115.54 and price to book ratio of 10.93.