CyberOptics Continues to Whittle Down Losses
MINNEAPOLIS, Oct. 24, 2014 — Sensors firm CyberOptics Corp. decreased its net loss in the third quarter thanks in part to the acquisition of a 3-D metrology firm.
Net loss totaled $448,000, compared to $774,000 in the third quarter of 2013. Meanwhile, revenues increased 34 percent, from $8.7 million in the third quarter of 2013 to $11.7 million in the third quarter of this year.
The company credited the March acquisition of Laser Design Inc. with contributing $1.3 million in revenues.
“Since 3-D inspection is the high-growth segment of the electronic assembly, semiconductor and industrial markets, we are strategically repositioning CyberOptics as a developer and manufacturer of high-precision 3-D sensors,” said CEO Dr. Subodh Kulkarni.
He said the company continues to develop multireflection suppression (MRS) 3-D technology, which is intended to aid inspection of ever-smaller circuit components. The company plans to launch an MRS area-of-interest inspection system in the first quarter of next year.
Sales of surface-mount technology (SMT) sensors increased 42 percent from last year’s third quarter, inspection systems sales rose 4 percent and sales of semiconductor products, principally the WaferSense product line, were up 8 percent, the CEO said.
Kulkarni said he expects double-digit sales growth and a reduced loss in the fourth quarter.
For more information, visit www.cyberoptics.com.
- The science of measurement, particularly of lengths and angles.
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