MINNEAPOLIS – CyberOptics Corp. today reported fourth-quarter consolidated sales of $13.8 million, down a slight 1.43% compared to the same period in 2010.

The firm’s revenues exceeded previously announced revenue guidance of $12.8 million to $13.5 million.

Net income was $547,000, a drop of 43.7% year-over-year, consistent with guidance.

Operating income was $688,000, down 31.2% compared to last year's fourth quarter.

For full-year 2011, consolidated sales increased 7% to $61.1 million, reflecting sales increases of 31% for inspection systems and 37% for the WaferSense product family, which were partially offset by an 18% decline in sales of SMT and solar sensors.

2011 net income rose 39% to $4.4 million compared to 2010.

“Our fourth quarter results were driven by strong sales of inspection systems, which increased 57% during this period. Within this product category, sales of automated optical inspection systems, led by our best-in-class QX500, increased 84% to $4 million in the fourth quarter and by 118% to $15.7 million for the full year,” said Kathleen P. Iverson, CEO and chair.

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