CyberOptics Corporation (Nasdaq: CYBE) today announced that it recently received orders valued at $4.2 million for its 3D MX3000 memory module inspection systems for multiple subcontractors of a large memory manufacturer. These systems are expected to be recognized as revenue evenly in the second and third quarters of 2021. We believe these large orders affirm the importance of 3D MRS technology based MX3000 inspection systems for memory manufacturers.

As previously disclosed, the gross margin percentage of the 3D MX3000 is lower than that of its 2D counterpart, reflecting the 3D system’s significantly higher content of material handling and automation hardware. These orders will be positive for earnings, however they are expected to reduce the company's gross margin percentage by one to two points on an annualized basis, given current levels of sales and gross margins.

CyberOptics will release its operating results for the fourth quarter of 2020 in the second half of February 2021.