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CyberOptics Reports Significant First Quarter Growth

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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

Published: May 2014
Glossary
metrology
Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
AmericasAOIBusinessCyberOpticsindustrialLDImetrologyMinnesotaOpticsSensors & DetectorsSPILaser Design Inc.SE600 solder paste inspectionQX600 automated optical inspectionLasers

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