Vicor Corporation (NASDAQ: VICR) rose Wednesday on posting Q1 earnings of $0.10 per share on sales of $65.2 million.
The Andover, Maryland-based company announced revenues for the first quarter ended March 31, 2018 increased to $65,269,000, compared to $54,462,000 for the corresponding period a year ago, and increased from $58,771,000 for the fourth quarter of 2017.
First-quarter bookings increased to $81,907,000 from $57,891,000 for the corresponding period a year ago, and increased from $71,343,000 for the fourth quarter of 2017.
Gross margin increased to $30,211,000 for the first quarter of 2018, compared to $23,652,000 for the corresponding period a year ago, and increased from $26,931,000 for the fourth quarter of 2017.
Net income for the first quarter was $3,943,000, or $0.10 per diluted share, compared to a net loss of $974,000, or $0.02 per share, for the corresponding period a year ago and net income of $1,611,000, or $0.04 per diluted share, for the fourth quarter of 2017.
Cash used for operating activities totaled $812,000 for the first quarter of 2018, compared to cash used for operating activities of $1,347,000 for the corresponding period a year ago and cash used for operating activities of $3,752,000 for the preceding fourth quarter of 2017.
Shares rocketed $6.15, or 21%, to $35.40, mid-Wednesday morning.
