MINNEAPOLIS – CyberOptics reported sales of $16.9 million for the fourth quarter, virtually unchanged from the fourth quarter of 2019. Net income was $1.5 million, up 792.9% year-over-year.

For 2020, CyberOptics reported record sales of $70.1 million, an increase of 18% compared to 2019. Net income was $5.7 million, an increase of 636.4% year-over-year.

"CyberOptics’ fourth quarter sales were at the upper end of our previously issued guidance for this period,” said Subodh Kulkarni, Ph.D., president and CEO. “Our performance benefited from higher sales of multi-reflection suppression 3-D sensors and WaferSense semiconductor products, as well as customer acceptances for $1.6 million of 2-D MX600 memory module inspection systems. As announced in January 2021, CyberOptics received orders valued at $4.2 million for 3-D MX3000 memory module inspection systems from multiple subcontractors for a large memory manufacturer. These orders, which validate the importance of our 3-D MRS inspection technology to memory manufacturers, are scheduled to ship in the second and third quarters of 2021.

"The capital spending outlook among customers in our markets is positive at this time. This environment bodes well for sales of our 3-D MRS sensor and system products during the coming year."

Sales of inspection and metrology systems fell 19% year-over-year to $8.2 million in the fourth quarter. Within this category, sales of SQ3000 multi-function inspection systems declined 43% year-over-year to $4 million. This anticipated decrease was attributable to normal quarterly variation in sales of capital equipment. Micro-LED-related sales of SQ3000 multi-function systems totaled approximately $600,000. Additional orders for SQ3000 multi-function systems for micro-LED inspection and metrology and 2-D and 3-D MX systems for memory module inspection are anticipated as 2021 progresses. Sales of inspection and metrology systems in the first quarter of 2021 are forecasted to decline on both a sequential and year-over-year basis due to normal quarterly sales variability.

Sales of 3-D and 2-D sensors increased 37% year-over-year to $5 million during the quarter. This growth was driven by sales of 3-D MRS sensors, which rose 85% year-over-year to $3.5 million. The increase was generated by demand from OEMs and system integrators using 3-D MRS sensors for high-end semiconductor inspection and metrology applications. Sales of 3-D and 2-D sensors are forecasted to post strong growth in the first quarter on both a sequential and year-over-year basis.

Sales of semiconductor sensors increased 21% year-over-year to $3.7 million. Sales of these yield and process improvement sensors are expected to post sequential and year-over-year increases in the first quarter.

CyberOptics’ backlog as of Dec. 31 was $23 million, up from $17.7 million at the end of the third quarter, due primarily to the recently announced orders valued at $4.2 million for 3-D MX3000 memory module inspection systems.

The company is forecasting sales of $16.5 million to $17.5 million for the first quarter.

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