NEWS
Tags: 

Cognex 2017 revenue up 44 per cent

Cognex has reported 2017 revenue for the year ending 31 December of $747.95 million, up 44 per cent on revenue for 2016.

Revenue for the fourth quarter 2017 ($180.365 million) increased 39 per cent from Q4-16, but declined 31 per cent from Q3-17. Year-on-year growth came from a variety of industries, including consumer electronics, logistics and automotive, according to the company.

The sequential decrease was because of the Q3-17 timing of large orders from the consumer electronics industry. Outside that industry, revenue increased by more than 10 per cent on a sequential basis.

The company’s research, development and engineering expenses increased 39 per cent from Q4-16 and 3 per cent from Q3-17. RD&E increased both year-on-year and sequentially thanks to additional engineering resources and product development costs.

Cognex’s revenue for Q1-18 is expected to be between $165 million and $175 million, which represents growth between 19 per cent and 26 per cent year-on-year. On a sequential basis, Cognex expects the typical seasonal decline from Q4 to Q1 in factory automation.

Other tags: 
Company: 
Twitter icon
Google icon
Del.icio.us icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon
Feature

A combination of vision, sensor and deep learning technologies are creating extraordinary developments in retail, writes Matthew Dale

Feature

Machine vision technology is improving quality control in automotive manufacturing, writes Andrew Williams

Feature

Keely Portway investigates the latest advances in 3D vision equipment, and how they could open up new industrial imaging applications

Feature

Greg Blackman speaks to Torsten Wiesinger at Lucid Vision Labs, one of the newest industrial camera manufacturers on the block