Cognex Q4 revenue down 18% YoY to $196.7M; EPS $0.07, guided Q1 $190-205M

COGNEX CORP

2023-FY EPS reported $0.65 revenue$837,547,000

Q4 revenue $196.7M (-18% YoY, flat sequentially); net income $11.2M (-80% YoY, $0.07 diluted EPS)
Full year 2023 revenue $837.5M (-17% YoY); net income $113.2M (-47% YoY, $0.65 diluted EPS)
Adjusted diluted EPS $0.11 for Q4, down 61% YoY; adjusted gross margin 71%
Board declared $0.075/share quarterly dividend, payable March 14, 2024 to holders of record Feb 29
Q1 2024 revenue guidance $190M-$205M with adjusted gross margin in high-60% range

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

COGNEX CORP reported the quarter and year ended December 31, 2023 results: revenue $196,670, net income $11,229, EPS $0.07.

Period: the quarter and year ended December 31, 2023
Revenue: $196,670
Net income: $11,229
EPS: $0.07
Result: reported results

Exact text from the filing

thousands, except per share amounts) Revenue Net Income Earnings per Diluted Share Adjusted Earnings per Diluted Share (Non- GAAP)* Quarterly Comparisons Current quarter: Q4-23 $196,670 $11,229 $0.07 $0.11 Prior year’s quarter: Q4-22 $239,433 $55,311 $0.32 $0.28 Change: Q4-22 to Q4-23 (18)% (80)% (80)% (61)% Prior quarter: Q3-23 $197,241 $18,916 $0.11 $0.17

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Source: SEC EDGAR

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