CyberOptics Corporation announces record revenue and profits for fourth quarter and fiscal year.

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 30, 1995--CyberOptics Corporation (NASDAQ/NMS: CYBE) today announced that revenue for the three months ended December 31, 1994, was a record $4.55 million, an increase of 39 percent over revenue of $3.3 million for the same period one year ago. Revenue for the year ended December 31, 1994 was $15.3 million, an increase of 31 percent over the $11.6 million recorded during 1993.

Net income for the three months ended December 31, 1994 increased 144 percent to a record $531,000 ($0.12 per share) compared to $218,000 ($0.05 per share) for the same period one year ago. Net income for the year was $1.5 million ($0.35 per share), an increase of 62 percent, compared to $943,000 ($0.22 per share) in 1993.

"We are pleased to report that 1994 was the strongest year in CyberOptics' history," stated Steven K. Case, CyberOptics' President. "Our record revenue and earnings were fueled by growing worldwide acceptance of our intelligent sensors and systems that control and monitor high-speed circuit board assembly processes based on surface mount technology. We expect the momentum we have established in 1994 to continue into 1995."

Sales of intelligent sensors rose strongly in the second half of 1994 when Philips Electronic Manufacturing Technology BV of the Netherlands became a major customer for the Company's LaserAlign product. Philips, one of the world's leading manufacturers of pick-and-place equipment for assembling surface mount printed circuit boards, has made LaserAlign an integral component of its high-performance assembly systems. LaserAlign shipments to Philips are expected to continue at high levels in 1995.

International sales accounted for 57% of total revenues in 1994, reflecting the Company's growing penetration of the global electronics market. In addition to Europe, the Company's international presence is particularly strong in Japan.

CyberOptics is a recognized leader in the field of non-contact process control and measurement. The Company's intelligent sensors and integrated systems enhance the quality of production efficiencies of manufacturers of printed circuit boards based on surface mount technology, the high-growth segment of the global electronics market. -0-

                          CyberOptics Corporation
                       Condensed Financial Information
              Three Months Ended Dec. 31,   Year Ended December 31,

                         1994        1993         1994         1993

Revenue            $4,553,000  $3,277,000  $15,276,000  $11,621,000
Percentage Change       38.9%                    31.5%
Net Income           $531,000    $218,000   $1,524,000     $943,000
Percentage Change      143.6%                    61.6%
Net Income per Share    $0.12       $0.05        $0.35        $0.22

                               CyberOptics Corporation
                                   Income Statement

                  Three Months Ended Dec. 31, Year Ended December 31,
                       1994        1993        1994        1993
--------------------------------------------------------------------
Revenues            $4,552,571  $3,277,496 $15,275,509 $11,621,310
Cost of revenues     2,128,124   1,259,852   6,603,347   4,531,080
--------------------------------------------------------------------
  Gross margin       2,424,447   2,017,644   8,672,162   7,090,230
R&D Expense            720,028     737,522   2,749,402   2,409,847
S,G&A Expense        1,011,003   1,083,281   3,880,760   3,600,023
--------------------------------------------------------------------
  Income from
   operations          693,416     196,841   2,042,000   1,080,360
Interest income         18,208      (3,622)     71,985      42,994
--------------------------------------------------------------------
  Income before
   income taxes        711,624     193,219   2,113,985   1,123,354
Provision for
 income taxes          181,000     (25,000)    590,000     180,000
--------------------------------------------------------------------
  Net income          $530,624    $218,219  $1,523,985    $943,354
====================================================================
  Net income per share   $0.12       $0.05       $0.35       $0.22
====================================================================

                              Condensed Balance Sheet

                               Dec. 31, 1994         Dec. 31, 1993

Assets
Cash and cash equivalents       $1,427,503              $1,778,180
Short term cash investments      1,180,000                 440,000
Accounts receivable, net         2,964,048               2,152,497
Inventory                        2,335,893               1,756,630
Other current assets               340,055                 248,505
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  Total current assets           8,247,499               6,375,812
Equipment and furnishings, net     478,297                 406,431
Capitalized patent cost, net        97,501                 119,133
-------------------------------------------------------------------
  Total assets                  $8,823,297              $6,901,376
===================================================================

Liabilities and Shareholders' Equity

Current liabilities              $1,345,005                828,193
-------------------------------------------------------------------
  Total current liabilities       1,345,005                828,193

Stockholders' equity:

 Common stock, no par value,
  10,000,000 shares
  authorized, 4,235,141
  and 4,249,420 shares issued
  and outstanding, respectively   4,229,689              4,348,565

Retained earnings                 3,248,603              1,724,618
--------------------------------------------------------------------
  Total stockholders' equity      7,478,292              6,073,183
--------------------------------------------------------------------
  Total liabilities and
    stockholders' equity         $8,823,297             $6,901,376
====================================================================

Backlog Shipment Schedule:
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1st Quarter 1995                                        $1,511,000
2nd Quarter 1995                                           385,000
3rd Quarter 1995                                           365,000
Future                                                     259,000
--------------------------------------------------------------------
Total Backlog                                           $2,520,000
====================================================================

CONTACT: CyberOptics Corporation, Minneapolis 

Kent O. Lillemoe, Vice President,

Finance and Administration

612/331-5702 or FAX: [phone]