CyberOptics Receives New Order Valued at $2.4 Million for Mini LED Inspection and Metrology
CyberOptics Corporation (Nasdaq: CYBE) has announced a new order worth approximately $2.4 million for its SQ3000™ Multi-Function systems, aimed at mini LED inspection and metrology. The shipments are scheduled to begin in the second quarter of 2021, concluding by June 30. As a global leader in high precision 3D sensing technology, CyberOptics continues to enhance its position in key vertical markets while navigating challenges posed by the COVID-19 pandemic and global supply chain issues.
- Received a new order valued at approximately $2.4 million for SQ3000™ systems.
- Expected periodic shipments throughout 2021, starting in Q2.
- Potential risks due to COVID-19 impacting revenue and operating results.
- Market conditions in the global SMT and semiconductor industries remain uncertain.
- Increasing price competition could pressure product sales.
CyberOptics Corporation® (Nasdaq: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, today announced that it has received a new order valued at approximately
About CyberOptics
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics’ sensors are used for inspection and metrology in the SMT and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the Company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: a possible world-wide recession or depression resulting from the economic consequences of the COVID-19 pandemic; the negative effect on our revenue and operating results of the COVID-19 crisis on our customers and suppliers and the global supply chain; market conditions in the global SMT and semiconductor capital equipment industries; trade relations between the United States and China and other countries; the timing of orders and shipments of our products, particularly our 3D MRS SQ3000 Multi-Function systems and MX systems for memory module inspection; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics and semiconductor markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; the market acceptance of our SQ3000 Multi-Function systems and products for semiconductor inspection and metrology; costly and time consuming litigation with third parties related to intellectual property infringement; the negative impact on our customers and suppliers due to past and future terrorist threats and attacks and any acts of war; the impact of the MX3000 orders on our consolidated gross margin percentage in any future period; risks related to cancellation or renegotiation of orders we have received; and other factors set forth in the Company’s filings with the Securities and Exchange Commission. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20210427005791/en/
FAQ
What is the value of the new order announced by CyberOptics?
When will CyberOptics start shipping the new SQ3000 systems?
What technology does CyberOptics specialize in?
What challenges could affect CyberOptics' financial performance?
