This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CyberOptics Reports 44% Improvement In Second Quarter Earnings

CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for the second quarter of 2011 ended June 30.
  • Consolidated sales totaled $16.9 million, up 2% from $16.5 million in the second quarter of 2010.
  • Operating income was $1.8 million, compared to $1.2 million in last year’s second quarter.
  • Net income came to $1.4 million or $0.20 per diluted share, an increase of 44% from $969,000 or $0.14 per diluted share in the year-earlier period.
  • CyberOptics’ order backlog totaled $11.6 million at the end of the second quarter, up from $10.6 million at the end of this year’s first quarter. The majority of this backlog is scheduled to ship in the third and fourth quarters.

Kathleen P. Iverson, chief executive officer and chair, commented: “Our second quarter revenues, which were at the upper end of our financial guidance for this period, benefited from strong sales of our QX500 automated optical inspection (AOI) 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 (ODMs) in Asia, who deployed this new-generation technology on both new and existing production lines. We believe the QX500 represents the best AOI system in its class. 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. Partly offsetting this situation was the 49% growth of our WaferSense product line, which paced the 27% year-over-year sales growth of semiconductor products. In addition, we realized the initial sales of our SE500 sensors to German-based Viscom AG, which is integrating CyberOptics’ sensor technology into its solder paste inspection platforms. Reflecting Viscom’s strong customer base in the automotive and industrial electronics markets, this new OEM partnership has the potential to make a significant contribution to our profitability over the next few years.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs