CyberOptics Receives New Order Valued at $4.2 Million for Mini LED Inspection and Metrology

Rhea-AI Summary

CyberOptics Corporation (Nasdaq: CYBE) has received a follow-on order worth approximately $4.2 million for its SQ3000™ Multi-Function systems, aimed at mini LED inspection and metrology. This revenue is anticipated to be recognized in the second half of 2021. CyberOptics specializes in high-precision 3D sensing technologies, enhancing productivity in the SMT and semiconductor markets, with worldwide operations across North America, Asia, and Europe.

Positive

• New order valued at approximately $4.2 million for SQ3000 Multi-Function systems.
• Expected revenue recognition in the second half of 2021.
• Strong position in high-precision 3D sensing technology market.

Negative

• Risks from potential global recession due to COVID-19.
• Negative impact on revenue from supply chain disruptions.
• Increasing price competition in the SMT system market.
• Challenges with product development and market acceptance.

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 follow-on order valued at approximately $4.2 million for its SQ3000™ Multi-Function systems for mini LED inspection and metrology. Revenue from the order is expected to be recognized in the second half of 2021.

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/20210603005911/en/

FAQ

What is the new order value announced by CyberOptics?

CyberOptics announced a new follow-on order valued at approximately $4.2 million.

When is the revenue from the new order expected to be recognized?

Revenue from the new order is expected to be recognized in the second half of 2021.

What technology does CyberOptics specialize in?

CyberOptics specializes in high-precision 3D sensing technology solutions for inspection and metrology.

What challenges does CyberOptics face according to the PR?

CyberOptics faces challenges including global recession risks, supply chain disruptions, and increasing price competition.

What are the main markets for CyberOptics' products?

CyberOptics' products are mainly used in the SMT and semiconductor markets.