CyberOptics Reports Significant First Quarter GrowthLDI 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