November 23, 2022

CyberOptics Announces First Quarter Financial Results – Metrology and Quality News

CyberOptics Corporation reported sales of $24.2 million for the first quarter 2022 ended March 31, an increase of 37% from $17.7 million in the first quarter 2021. Net income for the first quarter 2022 was $3.6 million, an increase of 149%. earnings of $1.4 million or $0.19 per diluted share in the prior year quarter.

dr. Subodh KulkarniPresident and CEO, said:Each of our product groups, 3D and 2D sensors, semiconductor products and inspection/metrology systems, recorded strong double-digit sales growth in the first quarter of 2022. The competitive advantages of our Multi 3D sensor portfolio -Reflection Suppression (MRS) and WaferSense solid-state inspection systems and sensors make us confident about CyberOptics’ prospects for the second quarter and full year.

Kulkarni added:We continue to advance our line of WaferSense products and MRS-based sensors and inspection systems to continue to enable our customers to see significant improvements in yields, processes and productivity, especially for their advanced applications. Additionally, we are investing in new sensor technologies to position CyberOptics for long-term growth in our targeted semiconductor and advanced SMT equipment markets.

Sales of 3D and 2D sensors increased 27% year-on-year to $8.1 million in the first quarter of 2022. Within this category, sales of MRS 3D sensors increased 15% year-on-year to 4, $9 million in the first quarter of this year. Semiconductor inspection and metrology applications continue to generate strong demand for our MRS-based 3D sensors. Sales of 3D and 2D sensors are expected to post solid year-over-year growth in the second quarter of 2022.

Sales of solid-state sensors, primarily our WaferSense sensor line, increased 34% year-over-year to $6.8 million in the first quarter of 2022. Strong demand for capital goods for semiconductors is driving sales growth for these performance and process-enhancing sensors. Solid-state sensor sales are again expected to post strong double-digit year-over-year growth in the second quarter of 2022.

Sales of inspection and metrology systems increased 49% year-over-year in the first quarter of 2022 to reach $9.4 million. First quarter sales of the SQ3000 Multifunction Inspection Systems increased 45% year-over-year to $5.9 million as the product continued to gain traction with existing and new customers. Total sales of SQ3000 related to mini-LED applications amounted to $619,000 in the first quarter of this year. New orders for inspection and metrology related to mini-LEDs are expected in 2022.

First-quarter system sales also benefited from customer acceptances of $1.0 million for MX3000 3D final vision inspection systems and memory module sensor kits. New orders totaling $3.5 million for MX3000 3D systems were received during the first quarter, bringing our MX backlog at the end of the quarter to $5.9 million. Orders from the current backlog are expected to be recognized as revenue over the remainder of 2022. Reflecting normal fluctuations in capital goods sales, inspection and metrology systems sales are expected to be relatively flat year over year. on the other in the second trimester. of 2022.

CyberOptics’ backlog as of March 31, 2022 totaled a record $47.4 million, compared to $47.3 million at the end of the fourth quarter of 2021 and $32.4 million as of March 31, 2021. The company expects sales of $25.0 to $28.0 million for the second quarter. of 2022 ending June 30, compared to $25.2 million reported in the second quarter of 2021.

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