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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) has authorized a new stock repurchase program of up to
Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.065 per share, payable on March 18, 2022, for shareholders of record as of March 4, 2022. This announcement reflects the company's ongoing commitment to returning value to its investors. 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 founding in 1981. The company specializes in AI-driven image-based products designed to enhance operational efficiency in factories and distribution centers worldwide.
Cognex Corporation (NASDAQ: CGNX) achieved its first billion-dollar revenue year in 2021, reporting revenues of $1.037 billion, a 28% increase from 2020. The company also set records for net income ($279.9 million) and earnings per share ($1.56). Fourth-quarter revenue reached $244 million, up 9% from Q4-20 but down 14% from Q3-21. Despite increased operating costs due to supply chain issues, Cognex invested $135 million in research and development, signaling a commitment to future growth. The outlook for Q1-22 predicts revenue between $265 million and $285 million, reflecting continued strong demand.
Cognex Corporation (NASDAQ: CGNX) announced that Paul Todgham, Senior Vice President of Finance and CFO, will present at the 43rd Annual Raymond James Institutional Investors Conference on March 8, 2022, at 2:15 p.m. EST. Investors can access a live audio broadcast or archived recording via the Cognex Investor Relations website. Cognex, headquartered in Natick, Massachusetts, is a leader in machine vision technology, having shipped over 3 million products and generating more than $9 billion in revenue since its inception in 1981.
Cognex Corporation (NASDAQ: CGNX) will release its fourth quarter earnings on February 17, 2022, after market close, followed by a conference call at 5:00 p.m. EST. This announcement coincides with the anticipated filing of its Form 10-K for the year ended December 31, 2021. The company has established a replay option for the call starting at 8:00 p.m. EST on the same day until February 20, 2022. Cognex is a leader in the machine vision industry, having shipped over 3 million products and generated over $8 billion in cumulative revenue since 1981.
Cognex Corporation (NASDAQ: CGNX) announced that Paul Todgham, Senior Vice President of Finance and CFO, will present at the Stephens Annual Investment Conference on December 1, 2021, starting at 2:00 p.m. Eastern Time. The presentation will be available via a real-time audio broadcast and can also be accessed later on the Cognex Investor Relations website.
Cognex is a leader in machine vision technology, having shipped over 3 million products since its inception in 1981, generating more than $8 billion in revenue.
Cognex Corporation (NASDAQ: CGNX) has appointed Marjorie T. Sennett to its Board of Directors, effective immediately. Ms. Sennett will also serve on the Audit Committee. With extensive experience in corporate finance and public board service, she is expected to bring valuable insights to Cognex. Previously, she held leadership roles at QuinStreet, eGroups, and Amylin Pharmaceuticals. Since its inception, Cognex has shipped over 3 million image-based products, generating more than $8 billion in revenue.
Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.065 per share, marking an 8% increase from the previous $0.06 dividend. The payment is scheduled for December 3, 2021, to shareholders of record by the close of business on November 19, 2021.
Cognex, a leader in machine vision technology, has shipped over 3 million products, generating cumulative revenue exceeding $8 billion since its inception in 1981.
Cognex Corporation (NASDAQ: CGNX) reported record revenue of $284.8 million for Q3-21, a 13% increase year-over-year and a 6% increase from Q2-21. Despite profitability with a net income of $78.9 million and an operating margin of 31%, the company faces challenges such as global chip shortages affecting revenue growth and increased operational costs. In the first nine months, revenue grew by 35% to $793 million, while net income surged 112% to $226.3 million. For Q4-21, revenue is expected between $210 million and $230 million, with anticipated gross margins in the low-70% range.
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