Vicor Corp. Files 2023 Annual Report on Form 10-K
Ticker: VICR · Form: 10-K · Filed: Feb 28, 2024 · CIK: 751978
Sentiment: neutral
Topics: 10-K, Annual Report, Vicor Corp, Financials, Electronics
TL;DR
<b>Vicor Corporation filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>
AI Summary
VICOR CORP (VICR) filed a Annual Report (10-K) with the SEC on February 28, 2024. Vicor Corporation filed its 2023 Form 10-K on February 28, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 25 Frontage Road, Andover, MA 01810. Vicor Corp. operates in the Electronic Components, NEC industry (SIC 3679). The filing includes data for fiscal years 2021, 2022, and 2023.
Why It Matters
For investors and stakeholders tracking VICOR CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Vicor's financial health, operational performance, and strategic positioning for the past fiscal year, which is crucial for investors to assess the company's current standing and future prospects. As a public company, Vicor is required to disclose detailed financial information and risk factors annually, offering transparency to stakeholders regarding its business, including potential challenges and opportunities in the electronic components sector.
Risk Assessment
Risk Level: medium — VICOR CORP shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine disclosure for public companies. However, the specific risks and financial details within the report will determine the overall risk level for investors.
Analyst Insight
Review the detailed financial statements, risk factors, and management discussion and analysis within the 10-K to understand Vicor Corp.'s performance and outlook.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-02-28 — Filing Date (Filed as of date)
- 2021-01-01 — Start of Data Period (Data available for fiscal years starting from this date)
- 2023-12-31 — End of Data Period (Data available for fiscal years ending on this date)
Key Players & Entities
- VICOR CORP (company) — Filer name
- 25 FRONTAGE ROAD (location) — Business address
- ANDOVER (location) — City in business address
- MA (location) — State in business address
- 01810 (location) — ZIP code in business address
- 0000751978 (company) — Central Index Key
FAQ
When did VICOR CORP file this 10-K?
VICOR CORP filed this Annual Report (10-K) with the SEC on February 28, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by VICOR CORP (VICR).
Where can I read the original 10-K filing from VICOR CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by VICOR CORP.
What are the key takeaways from VICOR CORP's 10-K?
VICOR CORP filed this 10-K on February 28, 2024. Key takeaways: Vicor Corporation filed its 2023 Form 10-K on February 28, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 25 Frontage Road, Andover, MA 01810..
Is VICOR CORP a risky investment based on this filing?
Based on this 10-K, VICOR CORP presents a moderate-risk profile. The filing is a standard 10-K, which is a routine disclosure for public companies. However, the specific risks and financial details within the report will determine the overall risk level for investors.
What should investors do after reading VICOR CORP's 10-K?
Review the detailed financial statements, risk factors, and management discussion and analysis within the 10-K to understand Vicor Corp.'s performance and outlook. The overall sentiment from this filing is neutral.
How does VICOR CORP compare to its industry peers?
Vicor Corporation operates within the electronic components industry, specifically focusing on power conversion solutions.
Are there regulatory concerns for VICOR CORP?
As a publicly traded company, Vicor is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual reports on Form 10-K.
Industry Context
Vicor Corporation operates within the electronic components industry, specifically focusing on power conversion solutions.
Regulatory Implications
As a publicly traded company, Vicor is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual reports on Form 10-K.
What Investors Should Do
- Analyze Vicor's revenue streams and profitability trends for FY2023.
- Identify key risks and uncertainties disclosed in the filing.
- Evaluate the company's financial position, including assets, liabilities, and equity.
Year-Over-Year Comparison
This is the initial filing analyzed, so no comparison to a previous filing is available.
Filing Stats: 4,306 words · 17 min read · ~14 pages · Grade level 16.5 · Accepted 2024-02-28 15:54:01
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share VICR The NASDAQ Stock Mar
Filing Documents
- vicr-20231231.htm (10-K) — 2553KB
- vicr-ex10_13.htm (EX-10.13) — 4KB
- vicr-ex21_1.htm (EX-21.1) — 14KB
- vicr-ex23_1.htm (EX-23.1) — 2KB
- vicr-ex31_1.htm (EX-31.1) — 14KB
- vicr-ex31_2.htm (EX-31.2) — 14KB
- vicr-ex32_1.htm (EX-32.1) — 7KB
- vicr-ex32_2.htm (EX-32.2) — 6KB
- vicr-ex97_1.htm (EX-97.1) — 30KB
- img46972105_0.jpg (GRAPHIC) — 49KB
- 0000950170-24-022018.txt ( ) — 11328KB
- vicr-20231231.xsd (EX-101.SCH) — 1431KB
- vicr-20231231_htm.xml (XML) — 2304KB
BUSINESS
ITEM 1. BUSINESS Overview We design, develop, manufacture, and market modular power components and power systems for converting electrical power (expressed as "watts," and represented by the symbol "W", with wattage being the product of voltage, expressed as "volts," and represented by the symbol "V," and current, expressed as "amperes," and represented by the symbol "I"). In electrically-powered devices utilizing alternating current ("AC") voltage from a primary AC source (for example, a wall outlet), a power system converts AC voltage into the stable direct current ("DC") voltage necessary to power subsystems and/or individual applications and devices (known as "loads"). In many electronic devices, this DC voltage may be further converted to one or more voltages and currents required by a range of loads. In equipment utilizing DC voltage from a primary DC source (for example, a battery) or a secondary source (such as an AC-DC converter), the initial DC voltage similarly may require further conversion. A power system most commonly incorporates four voltage conversion functions: transformation, isolation, rectification, and regulation. 2 Table of Contents Transformation refers to the process of increasing or decreasing an AC voltage; isolation refers to the electrical separation, for safety, of primary and secondary voltages in a transformer; rectification refers to the process of converting a voltage from AC to DC and/or from DC to AC; and regulation refers to the process of providing a near constant voltage under a range of line and load conditions. Because numerous applications requiring different voltages, currents, and varied power ratings may exist within an electronically-powered device, and system power architectures themselves vary, we offer an extensive range of products and accessories in numerous application-specific configurations. We believe our product offering is among the most comprehensive in the market segments we serve. Our strategy,