Welcome to our dedicated page for Cognex news (Ticker: CGNX), a resource for investors and traders seeking the latest updates and insights on Cognex stock.
Cognex Corporation (NASDAQ: CGNX) is a leading global provider of machine vision products that are used to automate manufacturing processes. Founded in 1981 and headquartered in Natick, Massachusetts, USA, Cognex designs, develops, manufactures, and markets a diverse range of products incorporating cutting-edge machine vision technology. These products include barcode readers, machine vision sensors, and comprehensive machine vision systems, which are utilized extensively in factories, warehouses, and distribution centers worldwide to guide, gauge, inspect, identify, and ensure the quality of items during the manufacturing and distribution processes.
Cognex's product offerings cater to various industrial applications, leveraging advanced vision software that combines vision tools with customer-specific cameras and peripheral equipment to perform tasks such as part location, identification, measurement, and robotic guidance. Their vision systems integrate a camera, processor, and vision software into a single package, while their vision sensors offer cost-effective solutions for common vision applications. Additionally, Cognex's ID products are designed to read codes applied to items during the manufacturing process.
As the undisputed leader in the machine vision industry, Cognex has shipped more than 4.5 million vision-based products, generating over $11 billion in cumulative revenue since its inception. The company has a significant presence across the globe, with offices and distributors throughout North America, Japan, Europe, Asia, and Latin America. Cognex aims to enhance efficiency and quality in high-growth-potential businesses across various industrial end markets.
Recently, Cognex launched the industry's first AI-enabled 3D vision system, the In-Sight® L38 3D Vision System, which combines artificial intelligence with 2D and 3D vision technologies to solve a range of inspection and measurement applications. This innovative system simplifies the configuration of 3D systems and improves the quality and performance of automated inspections.
Despite facing a challenging business environment, Cognex continues to invest in long-term growth initiatives, launching a record number of new products in 2023 and embarking on a multi-year investment in their Emerging Customer initiative. This strategic focus aims to expand their customer base and capitalize on exciting industry trends as growth returns.
For detailed company information, visit Cognex Corporation.
Cognex Corporation (NASDAQ: CGNX) will release its Q1 2023 earnings on May 4, 2023, before the market opens, followed by a conference call at 8:30 a.m. EDT. This announcement coincides with the filing of its Form 10-Q for the quarter ending April 2, 2023. Stakeholders can participate in the conference call live or access a replay through the Cognex Investor Relations website. The company is a leader in machine vision technology, having shipped over 4 million products and generated over $10 billion in cumulative revenue since its founding in 1981. Cognex aims to enhance manufacturing efficiency and quality using its innovative solutions.
Cognex Corporation (NASDAQ: CGNX) has announced that Paul Todgham, Senior Vice President of Finance and CFO, will present at the 44th Annual Raymond James Institutional Investors Conference on Tuesday, March 7, 2023, at 9:50 a.m. EST.
Investors can access a real-time audio broadcast and archived recording through the Events & Presentations section of the Cognex Investor Relations website. Cognex is recognized globally as a leader in the machine vision industry, with over $10 billion in cumulative revenue since its inception.
Cognex Corporation (NASDAQ: CGNX) declared a quarterly cash dividend of
Cognex Corporation (NASDAQ: CGNX) announced the appointment of Angelos Papadimitriou to its Board of Directors, effective February 17, 2023. Papadimitriou brings extensive executive leadership experience in packaging machinery and industrial automation. He will also serve on the Audit Committee. Additionally, Directors Theodor Krantz and Patrick Alias will retire on May 3, 2023, reducing the board size from nine to seven. The company has delivered over $10 billion in cumulative revenue from image-based products since its inception in 1981, reinforcing its leadership in the machine vision industry.
Cognex Corporation (NASDAQ: CGNX) reported Q4-22 results revealing a 2% revenue decline from Q4-21 at $239.4 million, contrasted with a 14% sequential increase from Q3-22. Net income for Q4-22 was $55.3 million, up 3% from the previous year. Annual revenue fell 3% to $1.01 billion, and net income dropped 23% to $215.5 million due to challenges including a strong U.S. dollar and supply chain issues. The gross margin for Q4-22 was 71%, below the company’s long-term target. The outlook for Q1-23 anticipates revenue between $180-$200 million, reflecting lower e-commerce sales and macroeconomic factors.
Cognex Corporation (NASDAQ: CGNX) will announce its fourth quarter 2022 earnings on February 16, 2023, after market close, alongside the Form 10-K filing for the year ending December 31, 2022. A conference call will be held at 5:00 p.m. EST that day, with replay available from 8:00 p.m. EST until 11:59 p.m. EST on February 19, 2023. With over $9 billion in cumulative revenue from more than 3 million shipped products, Cognex is a leader in the machine vision industry, focusing on AI-driven image-based products.
Cognex Corporation (NASDAQ: CGNX) has acquired SAC Sirius Advanced Cybernetics GmbH, a prominent German lighting technology firm. This acquisition will enhance Cognex’s capabilities in defect detection, especially for electric vehicle (EV) battery manufacturers. SAC's Trevista products will integrate with Cognex's Vision Pro software, targeting the fast-growing EV battery inspection market, vital for maintaining safety standards. Founded in 1996, SAC serves major European automotive suppliers, positioning Cognex to strengthen its presence across high-speed manufacturing sectors.
Cognex Corporation (NASDAQ: CGNX) declared a quarterly cash dividend of $0.07 per share, marking an increase of 8% from the previous quarter's $0.065 per share. This dividend is payable on December 2, 2022, to shareholders on record as of November 18, 2022.
Cognex is a leader in the machine vision industry, with over $9 billion in cumulative revenue from more than 3 million shipped products since its inception in 1981.
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