- Consolidated sales totaled $13,350,000, up 8% from $12,341,000 in the first quarter of 2010. Revenues were at the upper end of the previously reported guidance of $12.5 to $13.5 million.
- Operating income was $1,087,000, compared to the $257,000 in last year’s first quarter.
- Net income came to $846,000 or $0.12 per diluted share, compared to $247,000 or $0.04 per diluted share in the year-earlier period. Earnings exceeded the guidance for this period of $0.06 to $0.10 per share.
- The order backlog increased 48% to $10.6 million at the end of the first quarter, up from $7.2 million at the end of last year’s fourth quarter. The majority of this backlog is scheduled to ship in the second and third quarters.
CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for the first quarter of 2011 ended March 31.