secwatch.observer — SEC 8-K summary
======================================

Issuer:     COGNEX CORP (CGNX)
CIK:        0000851205
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001157523-22-001522
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognex Q3 revenue $210M, down 26% YoY; EPS $0.19 ($0.21 non-GAAP); Q4 guidance $235-255M
--------------------------------------------------------------------------------

- Revenue $209.6M, down 26% YoY and 24% sequentially; net income $34.0M ($0.19 diluted EPS), down 57% YoY.
- Non-GAAP diluted EPS $0.21; gross margin improved to 73% from 70% YoY on favorable mix.
- Fire disruption caused $2.9M pre-tax charge in Q3; insurance proceeds $27.6M received in Q4 (after quarter end).
- Q4 2022 revenue guidance $235M-$255M (roughly flat YoY at midpoint); gross margin expected low-70% due to component premiums.
- Board declared $0.07 quarterly dividend, payable Dec 2 to shareholders of record Nov 18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851205/000115752322001522/0001157523-22-001522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851205/000115752322001522/a52960645.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer