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Vicor Corp (NASDAQ: VICR) shares are buying and selling decrease by round 15% after the corporate reported Q3 FY23 results.
Revenues rose 4.6% Y/Y to $107.8 million, beating the consensus of $106.6 million.
Backlog totaled $174.7 million, a lower of 53.0% Y/Y.
CEO Patrizio Vinciarelli acknowledged: “Whereas Q3 bookings remained weak, I’m happy with progress made with our ChiP foundry and our 5G product line.”
Gross margin elevated to $55.9 million from $47.0 million a 12 months in the past, with margins increasing to 51.8% from 45.5% the prior 12 months.
Working money move stood at $23.8 million in Q3 vs $6.6 million a 12 months in the past.
EPS of $0.37 exceeded the consensus of $0.31.
As of September 30, 2023, money and money equivalents got here in at roughly $227.8 million.
Worth Motion: VICR shares are down 15.5% at $44.94 premarket on the final verify Wednesday.
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