This tech company recently reported that second quarter sales increased 82%, to $18.6 million, and earnings grew to $2.0 million, or $0.29 per share, compared to a loss of $761,000 or $0.11 per share in the year-earlier period.
CyberOptics Corp. (CYBE)
From The Oberweis Report
CyberOptics Corp. (CYBE) offers products and services used in the manufacture of circuit boards, semiconductors, and 3D scanning solutions to significantly improve its customers’ manufacturing yields and productivity, and to assist customers in meeting their rigorous demands for manufacturing quality.
The company’s products use a variety of proprietary technologies such as lasers, optics and machine vision, combined with software, electronics and mechanical design. These products enable manufacturers to increase production volume, product yields and quality by measuring the characteristics and placement of electronic components and semiconductor packages both during and after the assembly process, or by providing electronic circuit board and semiconductor manufacturers with key metrics related to their manufacturing processes that allow them to improve production volumes and yields.
The majority of products (60% of revenue in 2015) are developed and sold for use in electronic circuit board assembly. The company sells products in these markets both as sensor components that are incorporated into products manufactured by OEM’s, and as complete stand-alone inspection systems that are sold directly to circuit board assembly companies. In the company’s latest reported second quarter, sales increased approximately 82% to $18.6 million from $10.3 million in the second quarter of last year.
CyberOptics reported earnings per share of $.29 in the latest reported second quarter versus a loss in the same quarter of last year.
Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323- 6166, August 2016