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December 7, 2012
06:25 EDTCYBECyberoptics announces 10% workforce reduction
CyberOptics announced the completion of a restructuring and staff reduction totaling approximately 10% of its global workforce. This action was taken in response to continued softening of the electronics market, which has resulted in significantly reduced revenue during the first two months of the fourth quarter. Management currently anticipates fourth quarter revenue will range between $5.5M-$6M. The company indicated that the severance expense associated with the workforce reduction will approximate $550,000, and along with the weakened revenue, will result in a more significant net loss for the fourth quarter and full year than previously anticipated.
News For CYBE From The Last 14 Days
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November 17, 2015
09:04 EDTCYBECyberOptics receives $750,000 order for SQ3000 3D AOI systems
CyberOptics announced that it received a follow-on order valued at approximately $750,000 for SQ3000 automated optical inspection systems, based upon the company's 3D Multi-Reflection Suppression inspection technology platform. This 3D AOI order is scheduled to ship in this year's fourth quarter. As previously reported, CyberOptics received a $1.1M order for 3D MRS-enabled sensor subsystems from a key OEM customer earlier this month. Shipments are expected to commence late in the fourth quarter and continue into the first quarter of 2016.

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