News

Vicor Reports Fourth-Quarter 2002 Results

March 03, 2003 by Jeff Shepard

Vicor Corp. (Andover, MA) announced its financial results for the quarter ended December 31, 2002. Revenues for the quarter were $41,637,000 compared with $39,032,000 for the corresponding period a year ago. The company reported a net loss for the quarter of $3,534,000 compared with a net loss of $1,807,000 in 2001, and a diluted loss per share of $0.08 compared with a diluted loss per share of $0.04 in 2001.

For the year ended December 31, 2002, revenues decreased to $152,591,000 versus $195,910,000 for the same period of 2001. The company reported a net loss for the year of $15,942,000 compared with a net loss of $559,000 in 2001, and a diluted loss per share of $0.38 compared with a diluted loss per share of $0.01 in 2001.