April 28, 2023 06:00 AM Eastern Daylight Time MINNEAPOLIS–(BUSINESS WIRE)–CyberOptics Corporation (Nasdaq: CYBE) today reported sales of $24.2 million for the first quarter of 2023 ended March 31, an increase of 37% from $17.7 million in the first quarter of 2021. Net income for the first quarter of 2023 was $3.6 million or $0.47 per diluted share, an increase of 149% from earnings of $1.4 million or $0.19 per diluted share in the year-earlier quarter.
Dr. Subodh Kulkarni, president and chief executive officer, commented, ‘Each of our product groups—3D and 2D sensors, semiconductor products and inspection/metrology systems—posted strong, double-digit sales growth in the first quarter of 2023.
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