CyberOptics Announce Sluggish Market Conditions

CyberOptics Corporation has announced that its second quarter and full-year 2019 operating results will be materially affected by the cyclical, industry-wide slowdown in demand for SMT and semiconductor capital equipment and continued uncertainty in the global trade environment.

Orders for SMT and semiconductor products started to weaken during the second quarter. Despite strong year-over-year sales of 3D MRS-enabled SQ3000 AOI inspection systems, CyberOptics is now forecasting sales of $15.0-$15.2 million for the second quarter ending June 30, which would be at the low end of its previously-issued guidance of $15.0-$16.5 million for this period. Second quarter operating results will include sales of $1.1 million for MX600 memory module inspection systems.

The impact of weakness in the SMT and semiconductor markets is causing CyberOptics to forecast sales of $12.0 to $13.5 million for the quarter ending September 30, 2019. The company said it expects sluggish market conditions to persist in the fourth quarter of 2019 before strengthening in early 2020.

CyberOptics Corporation is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics’ sensors are used in SMT, semiconductor and metrology markets to significantly improve yields and productivity.

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