Vicor Reports First-Quarter 2002 Results

April 17, 2002 by Jeff Shepard

Vicor Corp. (Andover, MA) announced its financial results for the quarter ended March 31, 2002. Revenues for the quarter were $34,620,000, compared with $55,019,000 for the corresponding period a year ago. The company reported a net loss for the quarter of $4,931,000, compared with net income of $2,079,000 in 2001, and a diluted loss per share of $0.12, compared with diluted income per share of $0.05 in 2001.

Within the quarter, the company recorded the write-down of obsolete equipment of $1,159,000, which was charged to other income (expense) net.