CyberOptics Revises Third Quarter Revenue Guidance and Provides Initial Fourth Quarter Forecast
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), a leading global developer and manufacturer of high-precision 3D sensing technology solutions, today provided revised revenue guidance for the third quarter of 2017 and a preliminary revenue forecast for this year’s fourth quarter. For the third quarter ending September 30, 2017, CyberOptics anticipates a slight operating loss on revenue of $11.6 - $11.8 million, as opposed to its prior guidance of $13.0 - $15.0 million. Revenues of approximately $1.0 million from a previously announced order for SQ3000 3D AOI systems were anticipated in the third quarter, but due to a delay in customer acceptance, only $275,000 was recognized during this period. The remaining balance of $725,000 is expected to be recognized in the fourth quarter. Lower than expected sales of other SMT systems and general-purpose metrology products accounted for the remain
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