Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

CyberOptics Reports Significant First Quarter Growth

Photonics.com
May 2014
LDI Acquisition Completed and 3-D Technology Initiative Proceeding on Schedule

MINNEAPOLIS, May 5, 2014 — CyberOptics Corp. reports significant improvement in its first quarter operating results with a 46 percent increase in revenue, from $6.7 million in the fourth quarter of 2013 to $9.8 million in the first part of this year.

The March acquisition of Laser Design Inc., a Minneapolis metrology company that touts an average annual revenue of about $6 million, has contributed approximately $500,000 to CyberOptics’ consolidated first quarter revenues.

The company’s revenue growth can be attributed in part to a rise in sales of inspection systems, as well as its new SE600 solder paste inspection (SPI) and QX600 automated optical inspection (AOI) systems, and its MRS 3-D technology that will be incorporated into future LDI products.

“The first quarter of 2014 marked our second consecutive three-month period of significantly improved operating results, reinforcing our belief that CyberOptics’ growth initiatives and new products are steadily gaining traction,” said President and CEO Dr. Subodh Kulkarni. “As a result, we remain optimistic about our future and are continuing to forecast double-digit sales growth for the full year.”

For more information, visit: www.cyberoptics.com


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.