CyberOptics Looks to Break Even in 2015
MINNEAPOLIS — Optical metrology firm CyberOptics Corp. said it expects sales growth of at least 10 percent and a break-even operating result in the year ahead after introducing new products and cutting losses in 2014.
Full-year revenues totaled $46.5 million, an increase of 40 percent from $33.3 million in 2013. The March 2014 acquisition of Laser Design Inc., a Minneapolis 3-D metrology company, contributed $5.3 million to CyberOptics’ revenues. This brought the company’s net loss to $1.5 million, compared to a net loss of $6.2 million in 2013.
The company turned a profit of $85,000 in the fourth quarter. It suffered a net loss of $2.0 million in the fourth quarter of 2013.
CyberOptics posted sales growth across all product lines in the last three months of 2014. Sales of surface-mount technology (SMT) sensors increased 27 percent on increased demand from OEM customers. Sales of inspection systems rose 8 percent due to higher sales of solder-paste inspection systems. Sales of semiconductor products, principally the WaferSense product line, were up 12 percent.
CEO Dr. Subodh Kulkarni said CyberOptics validated two new technologies during the year. It began supplying KLA-Tencor with 3-D multireflection suppression (MRS) technology sensor subsystems for inspection of semiconductor packages, while another company recently placed a $1 million order for CyberOptics’ MX600 systems for inspection of memory modules.
“We believe that MRS technology is a break-through technology for optical inspection,” Kulkarni said. “For our existing markets in SMT and semiconductor inspection, we are introducing new products based on this technology now and over the next few quarters, and we expect MRS to facilitate expansion of our markets in the future.”
For more information, visit www.cyberoptics.com.