CYBE - CyberOptics falls 8% despite Q1 strong show

CyberOptics (CYBE) -7.9% after reporting GAAP EPS of $0.47 and revenue of $24.2M, up 36.7% Y/Y. Segments: 1Q22 sales of 3D and 2D sensors increased 27% Y/Y to $8.1M. The company expects to post strong Q2 sales of 3D and 2D sensors from $7.1M in 2Q21. Q1 sales of semiconductor sensors, principally the WaferSense line of sensors, increased 34% Y/Y to $6.8M. The company expects to post strong double-digit growth on a Y/Y in 2Q22. Q1 sales of inspection and metrology systems rose 49% Y/Y to $9.4M. First quarter sales of SQ3000 Multi-Function inspection systems increased 45% Y/Y to $5.9M as product continues to gain traction among existing and new customers. Backlog at March 31, 2022 totaled a record $47.4M, up from $47.3M in 4Q21 and $32.4M at March 31, 2021. The company is forecasting sales of $25M-$28M for 2Q22 vs. $25.2M reported in 2Q21. Press Release

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CyberOptics falls 8% despite Q1 strong show