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Cognex Reports Record Revenue For 2012

Cognex Corporation (NASDAQ: CGNX) today announced that the company set a new record for annual revenue in 2012. Selected financial data for the quarter and year ended December 31, 2012, are compared to the fourth quarter of 2011, the third quarter of 2012, and the year ended December 31, 2011 in the table below.



Net Income

Net Income per Diluted Share

Quarterly Comparisons
Current quarter: Q4-12         $82,168,000   $16,244,000   $0.37
Prior year’s quarter: Q4-11         $84,042,000   $19,099,000   $0.44
Change from Q4-11 to Q4-12         (2%)   (15%)   (16%)
Prior quarter: Q3-12         $80,076,000   $17,805,000   $0.41
Change from Q3-12 to Q4-12         3%   (9%)   (9%)

Yearly Comparisons
Year ended December 31, 2012         $324,279,000   $68,098,000   $1.56
Year ended December 31, 2011         $321,914,000   $69,869,000   $1.63
Change from 2011 to 2012         1%   (3%)   (4%)

A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2.

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