Shares of Vicor Corporation (NASDAQ: VICR) surged 5.92% in Friday's pre-market trading session, driven by the company's better-than-expected fourth-quarter revenue growth and strategic advancements in its Advanced Products segment and intellectual property licensing.
In its latest earnings report, Vicor announced a 3.2% sequential increase in revenue for the fourth quarter of 2024, reaching $96.2 million. 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, indicating strong demand.
Furthermore, Vicor secured a significant license agreement with a leading hyperscaler company, bolstering its intellectual property portfolio and potentially unlocking new royalty revenue streams. The company's gross profit margin also improved to 52.4% in the fourth quarter, reflecting operational efficiencies and cost optimization efforts.
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