This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CyberOptics Exceeds Fourth Quarter Revenue Guidance Paced By 57% Sales Growth Of Inspection Systems

Stocks in this article: CYBE

CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for its fourth quarter of 2011 ended December 31.

  • Consolidated sales totaled $13.8 million, compared to $14.0 million in the fourth quarter of 2010. CyberOptics’ revenues for this period exceeded its previously announced revenue guidance of $12.8 to $13.5 million.
  • Operating income of $688,000 was down from $1.0 million in last year’s fourth quarter.
  • Net income came to $547,000 or $0.08 per diluted share, compared to $971,000 or $0.14 per diluted share in the year-earlier period, which was consistent with the financial guidance for this period.
  • For full-year 2011, consolidated sales increased 7% to $61.1 million, reflecting sales increases of 31% for inspection systems and 37% for the WaferSense product family, which were partially offset by an 18% decline in sales of SMT and solar sensors due to weak economic conditions. Net income rose 39% to $4.4 million or $0.63 per diluted share. Both sales and net income, which increased for the second consecutive year, were consistent with the previously issued guidance for 2011.
  • Cash and marketable securities increased $4.0 million to $30.5 million at the end of the fourth quarter from $26.6 million at the end of the third quarter. For the year, cash and marketable securities rose by $8.4 million from $22.1 million at the beginning of 2011.

Kathleen P. Iverson, chief executive officer and chair, commented: “Our fourth quarter and full-year operating results clearly validate the strong emphasis that we have placed on developing and marketing next-generation inspection systems over the past several years. By enabling CyberOptics to more than compensate for short-term weakness in our SMT and solar alignment sensors, as was the case in 2011, this strategy has kept us on a growth trajectory in spite of unsettled conditions in the global economy.”

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs