CyberOptics Reports Third Quarter Operating Results
CyberOptics Corporation (CYBE)
Last cyberoptics corporation earnings: 2/19 04:00 pm
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Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq:CYBE) today reported operating results for the third quarter of 2017 ended September 30. Sales for this period totaled $11.8 million, down from $15.0 million in the third quarter of 2016. CyberOptics also reported a net loss for the third quarter of 2017 of $72,000 or $0.01 per share, compared to earnings of $1.2 million or $0.16 per share in the year-earlier period. Sales of 3D Multi-Reflection Suppression (MRS) enabled products increased during the third quarter of 2017 year-over-year, but the revenue gains were not large enough to offset declines from other products. Sales of SQ3000 3D automated optical inspection systems grew in the third quarter of 2017 by more than 240% on a year-over-year basis to $2.2 million. CyberOptics has continued to expand its base of SQ3000 customers during the past year, as more manufacturers a
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