Vicor Corporation (VICR) witnessed a surge of 13.77% in its stock price during Friday's pre-market trading session. This significant rally was driven by the company's better-than-expected fourth-quarter results and strategic advancements, which reflected robust demand for its Advanced Products segment and progress in bolstering its intellectual property portfolio.
In its latest earnings report, Vicor announced a 3.2% sequential increase in revenue for the fourth quarter of 2024, reaching $96.2 million. Notably, the company's Advanced Products segment, which includes offerings for AI and high-performance computing markets, saw an impressive 18% quarter-over-quarter revenue growth, signaling strong demand in these rapidly evolving sectors.
Moreover, Vicor secured a significant license agreement with a leading hyperscaler company, bolstering its intellectual property portfolio and potentially unlocking new royalty revenue streams. Additionally, the company reported an improvement in its gross profit margin, which reached 52.4% in the fourth quarter, reflecting operational efficiencies and cost optimization efforts.
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