MINNEAPOLIS – CyberOptics Corp. reported record sales of $25.2 million for the second quarter, an increase of 58% year-over-year.
Net income was $3.1 million, up 93.8% compared to the same period last year.
“CyberOptics’ second quarter sales, which exceeded our guidance for this period, were driven by strong, double-digit sales growth from each of our product lines. Our industry-leading 3-D multi-reflection suppression-based sensing and inspection products and semiconductor sensors are enabling CyberOptics to take optimum advantage of the robust capital spending environment in our targeted electronics and semiconductor markets,” said Subodh Kulkarni, Ph.D., president and CEO. “We believe this market strength will continue into the foreseeable future, making us optimistic about our performance in coming quarters.”
Sales of inspection and metrology systems rose 64% in the second quarter to $12.6 million. Within this product category, sales of SQ3000 multi-function inspection systems increased 35% year-over-year to $6.3 million. Sales also benefited from customer acceptances of $2.4 million of 3-D MX3000 memory module inspection systems. Customer acceptances for $4.9 million of MX3000 systems are expected in the third quarter.
Following the end of the second quarter, CyberOptics’ existing customer for its 2-D MX600 memory module inspection system placed its first order for a 3-D MX3000 system. This order is expected to become revenue in the first quarter of 2022. Also in the second quarter, CyberOptics received three orders totaling $7.9 million from new and existing customers for SQ3000 systems for mini-LED inspection and metrology. Sales of inspection and metrology systems are forecasted to grow solidly in the third quarter on a year-over-year basis.
Sales of 3-D and 2-D sensors increased 50% year-over-year to $7.1 million in the second quarter. Sales of 3-D MRS sensors rose 46% year-over-year to $4.3 million, driven by ongoing demand in high-end electronics and semiconductor applications. Sensor sales are forecasted to post robust year-over-year growth in the third quarter.
CyberOptics’ backlog as of June 30 totaled a record $45.3 million, up from $32.4 million at Mar. 31, reflecting strong order backlogs of 3-D MRS sensors, SQ3000 and MX3000 systems, and semiconductor sensors.
The company forecasts sales of $25 million to $28 million for the third quarter, compared to $20.8 million in the third quarter of 2020.