MINNEAPOLIS – CyberOptics Corp. reported sales of $22.1 million for the fourth quarter, an increase of 31% year-over-year.

Net income for the period ended Dec. 31 was $3.4 million, up 132% compared to the same quarter in 2020.

Sales of inspection and metrology systems rose 11% year-over-year in the fourth quarter to $9.1 million. Fourth quarter sales of SQ3000 multi-function inspection and metrology systems increased 15% year-over-year to $4.7 million.

For 2021, record sales totaled $92.8 million, growth of 32% year-over-year. Net income for the year was $12.8 million, up 124.6%.

CyberOptics’ record operating results were driven by sales of its 3D multi-reflection suppression-based sensors and inspection and metrology system products and WaferSense semiconductor sensors. These products accounted for 78% of total sales in 2021, compared to 67% in 2020.

“Our strong fourth quarter sales demonstrate CyberOptics is continuing to penetrate and gain traction in our targeted surface mount technology and semiconductor capital equipment markets,” said Subodh Kulkarni, Ph.D., president and CEO, CyberOptics. “The competitive advantages of our advanced sensor and inspection and metrology system products are enabling us to capitalize on strong growth opportunities in these markets. Demand for our MRS-based products and WaferSense sensors is expected to remain strong for some time, making us optimistic about CyberOptics’ outlook for the first quarter of 2022. We also see the full year shaping up as another period of strong operating results.”

CyberOptics’ backlog at Dec. 31 totaled a record $47.3 million, up from $44.2 million at the end of the third quarter of 2021 and $23 million at the end of 2020.

The company is forecasting sales of $22 million to $24 million for the first quarter of 2022.