CyberOptics Reports Record AOI Sales in Q2
MINNEAPOLIS – CyberOptics Corp. today reported second-quarter consolidated sales of $16.9 million, up 2% year-over-year.
Net income was $1.4 million, up 44% compared to the year-ago period.
CyberOptics’ order backlog totaled $11.6 million at the end of the quarter, up from $10.6 million at the end of the first quarter. The majority of this backlog is scheduled to ship in the third and fourth quarters.
“Our second quarter revenues…benefited from strong sales of our QX500 automated optical inspection system, which drove total AOI sales to more than $4 million, a new record for CyberOptics, as well as a new record for total systems revenues. QX500 sales increased over 150% from the year-earlier period, paced by significant orders from several of the industry’s largest original design manufacturers in Asia. Sales of SMT alignment sensors were consistent with our second quarter outlook, although sales of solar wafer alignment cameras for the photovoltaic cell market were below forecasted levels, reflecting the impact of aggressive solar market production capacity expansion in recent months and resulting near-term inventory buildups,” said Kathleen P. Iverson, CEO and chair.
The firm is forecasting sales of $16.5 million to $17.5 million for the third quarter. Full-year sales are expected to be $60 million to $63 million.
