MINNEAPOLIS -- CyberOptics today reported third-quarter net income of $948,000, reversing last year's loss of of $841,000, as demand levels returned to normal.

For the period ended Sept. 30, the inspection equipment OEM reported consolidated sales totaled $14.2 million, up 65% from last year. Operating income was $1.2 million, versus a loss of $1.7 million in last year’s third quarter.

Backlogs at quarter's end were $12.8 million, down $100,000 sequentially.

During the quarter, sales of sensors to manufacturers of robotic pick-and-place and printing equipment, including Juki, Assembleon and DEK, increased 6% from the second quarter. Inspection systems sales were down 37% sequentially due to the delayed customer acceptance issue as well as more normal levels of customer demand.

In a press release, chief executive Kathleen Iverson said, “Sales returned to more normal levels in the third quarter, following the exceptionally strong results that we posted in the prior quarter due to pent-up demand and SMT production capacity build-outs, particularly in Asia."

She added that a delayed "significant order" for the company's QX500 AOI system from an original design manufacturer should go through in the fourth quarter.

CyberOptics guided for revenues of $13 million to $14 million for the fourth quarter. "We continue to believe the global electronics industry has entered a multi-year upturn," Iverson said. "Within this favorable context, our quarterly performances will continue to reflect near-term levels of customer demand and normal seasonal considerations. In all, we believe CyberOptics’ sales and earnings will remain highly positive in coming quarters, and we are currently anticipating accelerating demand for both sensors and inspection systems in 2011.”

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