CyberOptics Reports Operating Results

CyberOptics Corporation CYBE today reported operating results for the second quarter of 2010 ended June 30. Consolidated sales totaled $16,499,000, an increase of 34% from $12,341,000 in this year’s first quarter and 219% from $5,179,000 in the year-earlier period. Second quarter operating income was $1,189,000, compared to $257,000 in the first quarter and the operating loss of $3,970,000 in the second quarter of 2009. Net income rose to $969,000 or $0.14 per diluted share from $247,000 or $0.04 per diluted share in the first quarter and the net loss of $1,923,000 or $0.28 per share in the second quarter of 2009. Cash and marketable securities totaled $18,451,000 at the end of this year’s second quarter, down from $22,153,000 at the end of the first quarter and $21,879,000 at the beginning of 2010.