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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) is set to release its third quarter 2021 earnings on November 4, 2021, after market close. A conference call will follow at 5:00 p.m. EDT. This call will coincide with the expected filing of its Form 10-Q for the quarter ending October 3, 2021. Investors can listen live or access a recorded version via the Cognex Investor Relations website. Cognex remains a leader in the machine vision industry with over $8 billion in cumulative revenue and has delivered more than 3 million image-based products since its inception in 1981.
Cognex Corporation (NASDAQ: CGNX) achieved record financial results for Q2 2021, reporting the highest quarterly revenue in its 40-year history at $269 million. This marks a 59% increase from Q2 2020 and a 13% rise from Q1 2021. Net income reached $77.6 million, with earnings per diluted share of $0.43. The gross margin improved to 75%. Despite anticipating moderated revenue growth in Q3 due to shifts in the consumer electronics market, Cognex maintains a strong financial position with $952 million in cash and investments and no debt.
Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.06 per share, payable on September 3, 2021. Shareholders of record as of August 20, 2021 will receive this dividend. Cognex is a leader in the machine vision industry, having sold over 3 million products and generating $8 billion in revenue since its inception in 1981. Their AI-driven products aim to reduce errors in manufacturing and distribution worldwide.
Cognex Corporation (NASDAQ: CGNX) is set to release its earnings for the second quarter of 2021 on August 5, 2021, after market close, followed by a conference call at 5:00 p.m. EDT. This will coincide with the company's anticipated filing of Form 10-Q for the quarter ending July 4, 2021. The live call can be accessed via phone, with a replay available until August 8, 2021. Cognex is recognized as a leader in the machine vision industry, having shipped more than 3 million products and generating over $8 billion in cumulative revenue since 1981.
Cognex Corporation (NASDAQ:CGNX) reported record first quarter results for 2021, achieving revenue of $239 million, a 43% increase year-over-year. Net income surged to $69.8 million, representing a 241% growth compared to Q1-20. The operating margin improved to 33%, reflecting the company's high-margin business model. Cognex is optimistic for Q2-21, projecting revenue between $250 million and $270 million, despite anticipating a slight dip in gross margin. The firm remains financially robust with $876 million in cash and no debt.
Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.06 per share. The dividend will be payable on June 4, 2021 to shareholders of record by the close of business on May 21, 2021. Cognex, a leader in the machine vision industry, has shipped over 3 million image-based products since 1981, generating cumulative revenue of more than $8 billion. The company specializes in machine vision systems, sensors, and barcode readers to enhance manufacturing and distribution processes globally.
Cognex Corporation (NASDAQ: CGNX) is set to release its earnings for Q1 2021 on May 6, 2021, after market close. The earnings announcement will align with the filing of its Form 10-Q for the quarter ending April 4, 2021. A conference call will occur the same day at 5:00 p.m. EDT, providing investors and analysts an opportunity to discuss the results. Cognex, a leader in machine vision, has shipped over 3 million image-based products, generating more than $8 billion in cumulative revenue since its inception in 1981.
Cognex Corporation (NASDAQ: CGNX) reported Q4 2020 revenue of $223.6 million, a 32% increase year-over-year, although net income fell by 14% to $69.3 million. For the full year, revenue reached a record $811 million, up 12% from 2019, but net income declined by 14% to $176.2 million. The company recorded a significant investment of $131 million in R&D, representing 16% of total revenue. Positive trends in e-commerce and medical sectors aided growth, yet the automotive industry presented challenges. Looking ahead, Q1 2021 revenue is expected between $225 million and $245 million.
Cognex Corporation (NASDAQ: CGNX) announced a quarterly cash dividend of $0.06 per share, payable on March 12, 2021, to shareholders on record as of February 26, 2021. Renowned for its innovative image-based products leveraging artificial intelligence, Cognex is a leader in the machine vision industry. With over 3 million products shipped and cumulative revenue exceeding $8 billion since its inception in 1981, Cognex continues to enhance production and shipping efficiency across global factories and distribution centers.
Cognex Corporation (NASDAQ: CGNX) announces the resignation of founder Dr. Robert J. Shillman from its Board and as an executive officer effective May 5, 2021. He will transition to the role of Chairman Emeritus and Adviser by June 1, 2021. Shillman has significantly influenced Cognex's success over the past 40 years, shaping its innovative culture. Following his departure, Anthony Sun will take over as Chairman. Cognex, a leader in machine vision solutions, has shipped over 3 million products since 1981, generating over $8 billion in revenue.
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