CYBE · Cyberoptics Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $92.77M | $70.12M | $59.26M | $64.72M | $53.33M | $66.24M |
| Cost of Revenue | $49.61M | $38.90M | $32.96M | $36.11M | $28.57M | $37.19M |
| Gross Profit | $43.17M | $31.22M | $26.30M | $28.61M | $24.76M | $29.05M |
| R&D | $10.86M | $9.57M | $9.36M | $8.82M | $8.02M | $8.04M |
| SG&A | $17.97M | $15.65M | $16.00M | $16.39M | $15.66M | $14.80M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $2.56M | $2.63M | $2.83M | $2.50M | $2.29M | $2.09M |
| Operating Income | $14.34M | $6.00M | $936.0K | $3.36M | $1.01M | $6.15M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $1.74M | $612.0K | $386.0K | $752.0K | ($404.0K) | ($5.17M) |
| Net Income | $12.75M | $5.74M | $774.0K | $2.83M | $1.31M | $11.56M |
| EPS - Basic | $1.74 | $0.80 | $0.11 | $0.40 | $0.19 | $1.69 |
| EPS - Diluted | $1.69 | $0.77 | $0.11 | $0.39 | $0.19 | $1.64 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.68M | $8.40M | $5.84M | $9.25M | $6.94M | $10.64M |
| Accounts Receivable | $19.82M | $14.73M | $16.06M | $15.86M | $10.77M | $10.89M |
| Inventory | $27.60M | $20.27M | $15.58M | $16.16M | $14.39M | $11.53M |
| Accounts Payable | $10.28M | $5.12M | $7.02M | $8.51M | $4.29M | $6.22M |
| Current Assets | $70.11M | $53.10M | $47.35M | $49.14M | $40.37M | $41.09M |
| Total Assets | $98.02M | $79.72M | $72.60M | $69.70M | $59.50M | $59.58M |
| Current Liabilities | $16.16M | $10.65M | $10.78M | $12.72M | $6.97M | $10.30M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $18.92M | $14.19M | $14.28M | $13.49M | $7.22M | $10.68M |
| Stockholders' Equity | $79.11M | $65.53M | $58.32M | $56.21M | $52.28M | $48.90M |
| Retained Earnings | $41.56M | $28.81M | $23.07M | $22.26M | $19.61M | $18.04M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.09M | $5.96M | $2.13M | $4.10M | $9.12M | $9.12M |
| Investing Cash Flow | ($4.69M) | ($3.35M) | ($5.57M) | ($2.42M) | ($3.37M) | ($3.37M) |
| Financing Cash Flow | ($112.0K) | ($23.0K) | $31.0K | $621.0K | $646.0K | $646.0K |
| CapEx | $1.63M | $1.53M | $1.30M | $1.96M | $1.23M | $1.36M |
| Free Cash Flow | $8.46M | $4.43M | $826.0K | $2.13M | $7.90M | $7.76M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 46.5% | 44.5% | 44.4% | 44.2% | 46.4% | 43.9% |
| Operating margin | 15.5% | 8.6% | 1.6% | 5.2% | 1.9% | 9.3% |
| EBITDA margin | 18.2% | 12.3% | 6.4% | 9.1% | 6.2% | 12.4% |
| Net margin | 13.7% | 8.2% | 1.3% | 4.4% | 2.5% | 17.5% |
| Free cash flow margin | 9.1% | 6.3% | 1.4% | 3.3% | 14.8% | 11.7% |
| FCF / Net income | 0.66 | 0.77 | 1.07 | 0.75 | 6.02 | 0.67 |
| R&D / Revenue | 11.7% | 13.7% | 15.8% | 13.6% | 15.0% | 12.1% |
| SG&A / Revenue | 19.4% | 22.3% | 27.0% | 25.3% | 29.4% | 22.3% |
| Effective tax rate | 12.0% | 9.6% | 33.3% | 21.0% | -44.5% | -80.9% |
| Return on assets | 13.0% | 7.2% | 1.1% | 4.1% | 2.2% | 19.4% |
| Return on equity | 16.1% | 8.8% | 1.3% | 5.0% | 2.5% | 23.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.34 | 4.98 | 4.39 | 3.86 | 5.79 | 3.99 |
| Quick ratio | 2.63 | 3.08 | 2.95 | 2.59 | 3.73 | 2.87 |
| Cash ratio | 0.85 | 0.79 | 0.54 | 0.73 | 1.00 | 1.03 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.24 | 1.22 | 1.24 | 1.24 | 1.14 | 1.22 |
| Liabilities / Assets | 0.19 | 0.18 | 0.20 | 0.19 | 0.12 | 0.18 |
| Efficiency | ||||||
| Asset turnover | 0.95 | 0.88 | 0.82 | 0.93 | 0.90 | 1.11 |
| Inventory turnover | 1.80 | 1.92 | 2.12 | 2.23 | 1.99 | 3.22 |
| Days sales outstanding | 78d | 77d | 99d | 89d | 74d | 60d |
| Days inventory outstanding | 203d | 190d | 173d | 163d | 184d | 113d |
| Days payable outstanding | 76d | 48d | 78d | 86d | 55d | 61d |
| Cash conversion cycle | 205d | 219d | 194d | 167d | 203d | 112d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 32.3% | 18.3% | -8.4% | 21.4% | -19.5% | 61.1% |
| Revenue CAGR (3y) | 12.8% | 9.5% | -3.6% | 16.3% | 4.7% | 25.8% |
| Revenue CAGR (5y) | 7.0% | 11.3% | 5.0% | 14.2% | 5.1% | 3.1% |
| Gross profit growth (YoY) | 38.3% | 18.7% | -8.1% | 15.6% | -14.8% | 60.2% |
| Operating income growth (YoY) | 139.1% | 540.7% | -72.1% | 230.9% | -83.5% | - |
| Net income growth (YoY) | 122.1% | 641.9% | -72.6% | 115.5% | -88.7% | - |
| EPS growth (YoY) | 119.5% | 600.0% | -71.8% | 105.3% | -88.4% | - |
| EPS CAGR (3y) | 63.0% | 59.4% | -59.4% | - | - | - |
| EPS CAGR (5y) | 0.6% | - | - | - | - | 29.5% |
| FCF growth (YoY) | 91.0% | 436.4% | -61.3% | -73.0% | 1.8% | - |
| FCF CAGR (5y) | 1.7% | - | - | - | - | 64.1% |
| Book value growth (YoY) | 20.7% | 12.4% | 3.8% | 7.5% | 6.9% | 35.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$140.97M totalInspection And Metrology Systems$42.96M · 30.5%
Mrs Based Systems$31.00M · 22.0%
High Precision3 DAnd2 DSensors$25.94M · 18.4%
Semiconductor Sensors$23.88M · 16.9%
Mrs Based Sensors$17.20M · 12.2%
Geographic
$92.77M totalCN$30.70M · 33.1%
US$15.33M · 16.5%
KR$14.81M · 16.0%
Other Europe$9.65M · 10.4%
Other Asia$7.25M · 7.8%
JP$5.14M · 5.5%
SG$4.10M · 4.4%
Other Geographic Location$3.09M · 3.3%
NL$2.70M · 2.9%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
3.91
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Optical Instruments & Lenses
Comparing CYBEROPTICS CORP against the 5 most active filers in the same SIC group.