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CyberOptics Reports Fourth Quarter Operating Results
February 18, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) Feb 18, 2021
CyberOptics Corporation (Nasdaq: CYBE) today reported sales of $16.9 million for the fourth quarter of 2020 ended December 31, virtually unchanged from the fourth quarter of 2019. Net income for the fourth quarter of 2020 was $1.5 million or $0.20 per diluted share, compared to earnings of $168,000 or $0.02 per diluted share in the year-earlier period. Net income in the fourth quarter of 2020 benefited from the improvement in gross margin to 47%, reflecting the increased proportion of high-margin products in the sales mix, and lower operating expenses.
Market Analysis
The global Stretchable Electronics Market is highly lucrative and predicted to witness significant growth at a 25.29% CAGR over the forecast period (2020-2026), reveals the Market Research Future (MRFR) report. Stretchable electronics, simply put, is a technology that combines flexible or rigid electronic circuits and devices with stretchable substrates. They are deposited on stretchable materials such as polyurethanes that are used in the manufacturing process of rigid printed board circuit. Stretchable electronics mimic the flesh and skin of humans with regard to mechanical performance and stretchability. It is also known as elastic circuits or elastic electronics. They can include the same electronic devices which are used for rigid printed circuit boards, with the only thing that needs to be altered is the interconnects and the substrate, which requires to be stretchable in nature.
Stretchable Electronics Market Valued at USD 635 6 Million in 2020 and is Expected to Reach USD 2 98 Billion by 2026 Growing with a CAGR of 25 29% einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Precision Optics Reports Second Quarter Fiscal Year 2021 Financial Results
Conference Call Scheduled for today, February 16, 2021 at 5:00pm ET
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GARDNER, Mass., Feb. 16, 2021 /PRNewswire/ Precision Optics Corporation, Inc. (OTCQB: PEYE), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its second quarter fiscal year ended December 31, 2020.
Second quarter fiscal 2021 highlights:
Revenue for the quarter ended December 31, 2020 was $2.79 million compared to $2.80 million in the same quarter of the previous fiscal year, essentially flat year over year; and up slightly sequentially compared to $2.76 million in the quarter ended September 30, 2020.
Precision Optics Corporation Schedules Second Quarter Fiscal Year 2021 Conference Call for Tuesday, February 16, 2021
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GARDNER, Mass., Feb. 9, 2021 /PRNewswire/ Precision Optics Corporation, Inc. (OTCQB: PEYE) (the Company ) today announced that it has scheduled a conference call to discuss second quarter fiscal year 2021 financial results on Tuesday, February 16, 2021 at 5:00pm ET.
The Company intends to release its financial results and to file its 10-Q after the close of the market on February 16, 2021 followed by the conference call.
Conference Call Details
Call-in Information: Interested parties can access the conference call by dialing (844) 735-3662 or