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What: Shares of power system maker Vicor (NASDAQ:VICR) jumped 13% today after the company released earnings.
So what: Revenue was up 4% to $55.1 million and net loss was $932,000, or $0.02 per share. However, sequentially revenue was up 17.5% and results came in ahead of the company's own expectations.
Now what: Results have been choppy over the past year, but Vicor appears to have momentum since revenue bottomed out in the first quarter. Management is also positive about its new products based on ChiP technology being designed into new products for next year. I'd still like to see more than a single quarter of profit before jumping into the stock, so I'd watch how revenue and new product momentum improves over the next year for a buy sign.
Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.