Vicor Corporation (NASDAQ:VICR) Q1 2022 Earnings Conference Call April 21, 2022 5:00 PM ET

Company Participants

Patrizio Vinciarelli – President & Chief Executive Officer

Jim Schmidt – Chief Financial Officer

Phil Davies – Vice President of Global Sales and Marketing

Conference Call Participants

Quinn Bolton – Needham & Company, LLC

Jonathan Tanwanteng – CJS Securities

Don McKenna – D.B. McKenna & Co, Inc.

John Dillon – D&B Capital

Richard Shannon – Craig-Hallum Capital Group

Doug Combat – Promus Capital

Alan Hicks – Ainsley Capital Management

Operator

Good day, and welcome, everyone, to the Vicor Earnings Results for the First Quarter ended March 31st, 2022. Hosted by Jim Schmidt, Chief Financial Officer. My name is Matta Amrivamager. During the presentation, your lines will remain on listen-only. [Operator Instructions] I would like to advise all parties that this conference is being recorded. And now, I will hand over to James, you may proceed.

Jim Schmidt

Thank you. Good afternoon and welcome to Vicor Corporation 's earnings call for the first quarter ended March 31, 2022. I'm Jim Schmidt, Chief Financial Officer, and I am in Andover with Patrizio Vinciarelli, Chief Executive Officer, and Phil Davies, Vice President of Global Sales and Marketing. After the markets closed today, we issued a press release summarizing our financial results for the three months ending March 31. This press release has been posted on the Investor Relations page of our website, www.vicorpower.com. We also filed a Form 8-K today relating to the issuance of this press release. I remind listeners this conference call is being recorded and is the copyrighted property of Vicor Corporation.

I also remind you various remarks we make during this call may constitute forward-looking statements for purposes of the safe harbor provisions under this Private Securities Litigation Reform Act of 1995. Except for historical information contained in this call, the matters discussed on this call, including statements regarding current and planned products, current and potential customers, potential market opportunities, expected events and announcements, and our capacity expansion, as well as management's expectations for sales growth, spending, and profitability are forward-looking statements involving risk and uncertainties. In light of these risks and uncertainties, we can offer no assurance that any forward-looking statement will in fact prove to be correct.

Actual results may differ materially from those explicitly set forth or implied by any of our remarks today. The risks and uncertainties we faced are discussed in Item 1a of our 2021 Form 10-K, which we filed with the SEC on March 1, 2022. The document is available via the Edgar System on the SEC's website. Please note the information provided during this conference call is accurate only as of today, Thursday, April 21, 2022. Vicor undertakes no obligation to update any statements, including forward-looking statements made during this call, and you should not rely upon such statements after the conclusion of this call. A replay of today's call will be available beginning at midnight tonight through May 6, 2022.