MINNEAPOLIS, MN – CyberOptics reported sales of $15 million for the second quarter, down 5% year-over-year.

Second quarter earnings totaled $464,000, down 37.3% compared to the same quarter in 2018.

“As we reported on July 2, 2019, CyberOptics’ second quarter operating results were affected by the cyclical, industry-wide slowdown in demand for surface mount technology and semiconductor capital equipment, as well as the uncertainty surrounding the global trade environment,” said Subodh Kulkarni, Ph.D., president and CEO. “We expect sluggish market conditions to persist during the second half of 2019. Despite near-term headwinds, investment in research and development will continue as we further strengthen CyberOptics’ ability to capitalize on strong growth opportunities for our 3D multi-reflection suppression (MRS)-enabled sensors and systems and WaferSense products.”

Sales of sensors, inspection and metrology systems based on 3D MRS technology totaled $6 million in the second quarter, up 38% year-over-year. These products, together with semiconductor sensors, primarily consisting of WaferSense products, accounted for 60% of total second quarter revenue, up from 52%.

Sales of inspection and metrology systems increased 49% year-over-year to $9.9 million, paced by a 75% increase in year-over-year sales of SQ3000 3D AOI systems to $4.6 million.

Sales of high-precision 3D and 2D sensors fell 62% year-over-year to $2 million, with sales of 3D MRS-enabled sensors down 30% year-over-year to $1.1 million.

Sales of semiconductor sensors fell 21% year-over-year to $3.1 million.

CyberOptics ended the second quarter with an order backlog of $13 million, up from $11.6 million at the end of the first quarter.

The company is forecasting sales of $12 million to $13.5 million for the third quarter.

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