Vicor Corp. reported its financial results for the first quarter ended March 31, 2011. Revenues for the first fiscal quarter ended March 31, 2011, increased to $70,455,000, compared to $51,709,000 for the corresponding period a year ago, but decreased from $72,975,000 for the fourth quarter of 2010.
Gross margin increased to $30,454,000 for the first quarter of 2011, compared to $23,324,000 for the corresponding period a year ago, but decreased from $32,984,000 for the fourth quarter of 2010. Gross margin, as a%age of revenue, decreased to 43.2% for the first quarter of 2011 compared to 45.1% for the first quarter of 2010, and decreased on a sequential basis from 45.2% for the fourth quarter of 2010.
