News
Cognex Corporation Announces Fourth Quarter Results
NATICK, Mass. -- Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the fourth quarter and year ended December 31, 2006. Revenue, net income and earnings per share are compared to the fourth quarter of 2005, to the third quarter of 2006, and to the year ended December 31, 2005 (which includes 8 months of results for DVT Corporation acquired on May 9, 2005) in the table below.
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Revenue |
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Net Income |
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Earnings per Diluted Share |
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Quarterly Comparisons |
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Current quarter: Q4-06 |
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$58,796,000 |
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$9,562,000 |
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$0.21 |
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Prior year’s quarter: Q4-05 |
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$60,818,000 |
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$11,750,000 |
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$0.24 |
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Change from Q4-05 to Q4-06 |
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(3%) |
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(19%) |
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(13%) |
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Prior quarter: Q3-06 |
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$58,005,000 |
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$10,116,000 |
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$0.22 |
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Change from Q3-06 to Q4-06 |
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1% |
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(5%) |
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(5%) |
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Year to Date Comparisons |
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Year ended December 31, 2006 |
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$238,915,000 |
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$39,912,000 |
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$0.86 |
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Year ended December 31, 2005 |
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$216,875,000 |
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$35,702,000 |
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$0.74 |
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Change from 2005 to 2006 |
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10% |
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12% |
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15% |
Beginning in 2006, Cognex has included stock option expense in its results (Exhibit 2 shows the effect of stock option expensing on certain line items in the P&L as reported under GAAP). For comparative purposes, the company’s results are shown in the table below excluding stock option expense:
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Revenue |
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Net Income |
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Earnings per Diluted Share |
Cognex Corporation
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Cognex AI-powered vision solutions unlock a new range of automation opportunities for manufacturers — and they're easy to set up, maintain, and expand.