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CYBEROPTICS CORPORATION REPORTS THIRD QUARTER RESULTS: REVENUES INCREASE 59 PERCENT; NET INCOME BENEFITS FROM CHANGE IN TAX LAW

 MINNEAPOLIS, Oct. 18 /PRNewswire/ -- CyberOptics Corporation (NASDAQ-NMS: CYBE) today announced its third quarter results with net income of $296,000, or $.06 per share, compared to $5,000, or $.00 per share, in the same quarter last year. Revenue for the quarter ended Sept. 30, 1993, increased 59 percent to $2.8 million, from $1.8 million, for the same period a year ago.
 For the nine months ended Sept. 30, 1993, CyberOptics reported net income of $725,000, or $.17 per share, compared to $301,000, or $.07 per share, for the same nine-month period in 1992. Revenue for the nine months ended Sept. 30, 1993, was $8.3 million, a 40 percent increase over the $6.0 million reported in 1992. The growth in net income is in part due to the reinstatement of tax credits for research and development activities. (See note.)
 "The Laser Lead Locator and Laser Align product lines have been the primary reason for our increase in revenue and net income in 1993," said Dr. Steven K. Case, president. "The popularity of these products throughout the world has increased our international revenue to 37 percent of total revenue."
 CyberOptics is the technological leader in the design and manufacture of intelligent sensors and systems for high-precision, non- contact dimensional measurement and process control.
 CYBEROPTICS CORPORATION
 CONDENSED FINANCIAL INFORMATION
 Three Months Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92


Operating revenue $2,790,000 $1,754,000 $8,344,000 $5,972,000
Percentage change 59.1 39.7
Net income (a) $296,000 $5,000 $725,000 $301,000
Percentage change 140.86
Earnings per share $.07 $.00 $.17 $.07
 (a)NOTE: Net income for the three month and nine month periods ended Sept. 30, 1993, included the benefit of the reinstatement of the research and development tax credit by the Omnibus Budget Reconciliation Act of 1993. This Act, which was passed into law on Aug. 10, 1993, allows CyberOptics to claim a tax credit of approximately $80,000, or $.02 per share, for its research activities retroactive to the second half of 1992. In addition, the company now expects its 1993 tax rate to be approximately 31 percent instead of the 35 percent used during the first six months of 1993, due to the expected benefit of 1993 research and development tax credits.
 -0- 10/18/93
 /CONTACT: Kent Lillemoe, vice president of CyberOptics Corporation, 612-331-5702/
 (CYBE)


CO: CyberOptics Corporation ST: Minnesota IN: CPR SU: ERN

DS-DB -- MN008 -- 3311 10/18/93 10:55 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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