MINNEAPOLIS – CyberOptics reported record sales of $27.8 million for the third quarter, an increase of 33% year-over-year.

Net income was a record $4.8 million, up 166.7% compared to the same period in 2020.

Sales of inspection and metrology systems rose 12% in the third quarter to $14.9 million. Within this product category, third quarter sales of SQ3000 multi-function inspection systems increased 9% year-over-year to $7.4 million. Of this total, $4.5 million was derived from sales of SQ3000 systems for mini-LED inspection and metrology. Third quarter system sales also benefited from customer acceptances of $4.9 million of 3D MX3000 final vision inspection systems for memory modules. CyberOptics received a new order for the MX3000 in October, raising its current backlog of MX3000 systems to $3.2 million. These orders are expected to be recognized as revenue in the first half of 2022. Sales of inspection and metrology systems are forecasted to post strong year-over-year growth in the fourth quarter.

Sales of 3D and 2D sensors increased 50% year-over-year to $5.5 million in the third quarter. Sales of 3D MRS sensors rose 81% year-over-year to $3.6 million, driven by demand for these sensors in high-end electronics and semiconductor inspection and metrology applications. Sales of 3D and 2D sensors are forecasted to post strong year-over-year growth in the fourth quarter.

“Our line-up of 3D multi-reflection suppression-based sensing and inspection system products and WaferSense semiconductor sensors have positioned CyberOptics to report record sales and operating earnings for full-year 2021,” said Subodh Kulkarni, Ph.D., president and CEO. “These products have enabled us to gain traction in our targeted surface mount technology and semiconductor capital equipment markets. We believe this strength will persist for some time, making us optimistic about CyberOptics’ fourth quarter performance and outlook for 2022.

“I’m pleased to report CyberOptics has received its first purchase order for the WX3000 metrology and inspection system, incorporating the 3D NanoResolution MRS sensor, from a large integrated device manufacturer. The WX3000 is designed specifically for the high-growth wafer-level and advanced packaging market and can conduct 100% inspection two to three times faster than alternative solutions. Delivery and revenue are scheduled for the first quarter of 2022.”

CyberOptics’ backlog as of Sept. 30 totaled $44.2 million, compared to $45.3 million at the end of the second quarter and $17.7 million at the end of the third quarter of 2020.

The company forecasts sales of $19 million to $23 million for the fourth quarter.