CYBE - CYBE STOCK NEWS

CyberOptics Corporation (Nasdaq: CYBE) announced a significant $1.4 million order for its 3D SQ3000™ Multi-Function systems aimed at AOI, SPI, and CMM applications. Revenue from this order is expected to be recognized periodically throughout 2021, primarily in the second to fourth quarters. The company is renowned for its high-precision sensing technology solutions, which enhance yields and productivity in the SMT and semiconductor sectors. CyberOptics operates globally from its headquarters in Minneapolis, Minnesota, and maintains a strong presence in key vertical markets.

CyberOptics Corporation (Nasdaq: CYBE) reported fourth-quarter 2020 sales of $16.9 million, consistent with Q4 2019, and net income of $1.5 million, up from $168,000 last year. Gross margin improved to 47% due to a higher share of high-margin products and reduced operating expenses. For the full year, sales reached a record $70.1 million, an 18% increase from 2019. The company has received $4.2 million in orders for 3D MX3000 memory module inspection systems, indicating strong demand. Backlog rose to $23 million, with optimistic forecasts for Q1 2021 ranging from $16.5 to $17.5 million.

CyberOptics Corporation (NASDAQ: CYBE) will hold a conference call on February 18 at 4:30 PM Eastern to discuss its fourth quarter 2020 operating results. The earnings release will precede the call, providing key financial metrics. Investors can join the live call by dialing 800-437-2398 with conference ID 1739750. An archived webcast will also be accessible through the company's investor relations website for 30 days. CyberOptics is renowned for its high-precision 3D sensing technology in the SMT and semiconductor markets.

CyberOptics Corporation (NASDAQ: CYBE) will discuss its fourth-quarter 2020 operating results during a conference call on February 18, 2021, at 4:30 PM Eastern. The earnings release will be made available prior to the call. Investors can join by calling toll-free 800-437-2398 with conference ID 1739750. A webcast of the call will be accessible for 30 days on CyberOptics' investor relations website. The company specializes in high-precision 3D sensing technology solutions and aims to enhance yields and productivity in the SMT and semiconductor markets.

CyberOptics (NASDAQ: CYBE), a leader in 3D sensing technology, will showcase the WX3000™ system at the SEMI Technology Unites Global Summit from February 15-19. The WX3000™, featuring Multi-Reflection Suppression (MRS) sensor technology, offers sub-micrometer accuracy for semiconductor inspection. Tim Skunes will present on February 16 about enhancing yields with 3D metrology. CyberOptics also highlights its WaferSense^® Auto Resistance Sensor™ and In-Line Particle Sensor™ for high-precision applications. The company is a platinum sponsor at the event.

CyberOptics Corporation (Nasdaq: CYBE) is set to present at the 23rd Annual Needham Virtual Growth Conference on January 14, 2021, at 9:15 AM ET. Investors can access a live webcast and the investor presentation on CyberOptics' investor relations webpage. The presentation aims to showcase CyberOptics' advancements in high-precision 3D sensing technology solutions, used for inspection and metrology in the SMT and semiconductor markets. A recording of the webcast will be available for 90 days post-conference.

CyberOptics Corporation (Nasdaq: CYBE) has secured orders worth $4.2 million for its 3D MX3000™ memory module inspection systems from major subcontractors of a large memory manufacturer. Revenue from these orders is expected to be recognized in the second and third quarters of 2021. While these orders will positively impact earnings, they are projected to reduce the company's gross margin percentage by one to two points annually, due to the higher material handling and automation costs associated with 3D systems.

CyberOptics Corporation (Nasdaq: CYBE) reported third-quarter 2020 sales of $20.8 million, a 68% increase from $12.4 million in Q3 2019. Net income surged to $1.8 million or $0.24 per diluted share, compared to a net loss of $353,000 in the prior year. Growth was fueled by strong demand for MRS™-enabled 3D SQ3000™ systems and 2D MX600™ inspection systems. Notably, 3D MRS sales rose 95% year-over-year to $8.9 million. Despite this, the company anticipates a decline in sales for Q4 2020, forecasting revenue between $15.5 million and $17.0 million.

CyberOptics Corporation (NASDAQ: CYBE) is set to hold a conference call on October 22nd at 4:30pm Eastern to discuss its third-quarter operating results. The earnings release will precede the call. Investors can join the live call by dialing 800-437-2398, using conference ID: 8105826. Additionally, a webcast will be available for 30 days on the company's investor relations page. CyberOptics specializes in high-precision 3D sensing technology solutions, primarily used in the SMT and semiconductor markets, enhancing yields and productivity.