Cognex Reports Record Quarterly Revenue

Cognex Corporation (NASDAQ: CGNX) today announced its results for the second quarter of 2013. Selected financial data for the quarter and six months ended June 30, 2013 is compared to the first quarter of 2013, the second quarter of 2012 and the first six months of 2012 in Table 1 below. A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2 of this news release.

Table 1
                   
     

Revenue
   

Net Income
   

Net Income per Diluted Share

Quarterly Comparisons
                 
Current quarter: Q2-13     $86,510,000     $16,820,000     $0.38
Prior year’s quarter: Q2-12     $84,326,000     $19,767,000     $0.45
Change from Q2-12 to Q2-13     3%     (15%)     (16%)
Prior quarter: Q1-13     $80,892,000     $15,583,000     $0.35
Change from Q1-13 to Q2-13     7%     8%     7%

Year-to-Date Comparisons
                 
Six months ended June 30, 2013     $167,402,000     $32,403,000     $0.73
Six months ended July 1, 2012     $162,035,000     $34,049,000     $0.78
Change from first six months of 2012 to first six months of 2013    

3%
   

(5%)
   

(6%)
           

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