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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues $ 359,058 $ 405,059 $ 399,079
Cost of product revenues 175,060 200,130 218,520
Gross margin 183,998 204,929 180,559
Operating expenses:      
Selling, general and administrative 96,886 85,714 86,264
Research and development 68,922 67,857 60,594
Litigation-contingency expense 19,500 0 6,500
Total operating expenses 185,308 153,571 153,358
(Loss) income from operations (1,310) 51,358 27,201
Other income (expense), net:      
Total unrealized gains (losses) on available-for-sale securities, net 111 (92) (17)
Portion of (gains) losses recognized in other comprehensive income (111) 92 20
Net credit gains recognized in earnings 0 0 3
Other income (expense), net 11,797 8,886 1,483
Total other income (expense), net 11,797 8,886 1,486
Income before income taxes 10,487 60,244 28,687
Less: Provision for income taxes 4,348 6,644 3,261
Consolidated net income 6,139 53,600 25,426
Less: Net income (loss) attributable to noncontrolling interest 10 5 (20)
Net income attributable to Vicor Corporation $ 6,129 $ 53,595 $ 25,446
Net income per common share attributable to Vicor Corporation:      
Basic $ 0.14 $ 1.21 $ 0.58
Diluted $ 0.14 $ 1.19 $ 0.57
Shares used to compute net income per common share attributable to Vicor Corporation:      
Basic [1] 44,912 44,320 44,005
Diluted [2] 45,168 45,004 44,894
Product Revenue [Member]      
Net revenues $ 312,463 $ 389,187 $ 396,278
Royalty Revenue [Member]      
Net revenues $ 46,595 $ 15,872 $ 2,801
[1] Denominator represents weighted average number of Common Shares and Class B Common Shares outstanding
[2] Denominator represents weighted average number of Common Shares and Class B Common Shares outstanding for the year, adjusted to include the dilutive effect, if any, of outstanding options.