Cognex Corporation Reports Third Quarter Results; Machine Vision Company Announces Significant Increases in Both Revenue and Profit.

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Cognex Corporation Reports Third Quarter Results; Machine Vision Company Announces Significant Increases in Both Revenue and Profit.

Business Editors/High-Tech Writers

NATICK, Mass.--(BUSINESS WIRE)--Oct. 14, 2003

Overview of the Quarter

Cognex Corporation (NASDAQ: CGNX) today announced revenue for the third quarter ended September 28, 2003 of $38,704,000, and net income of $5,138,000, or $0.11 per diluted share. These results compare favorably with both the comparable quarter in 2002 and with the prior quarter in 2003, as shown in the table below:

Earnings per Time Period Revenue Net Income Diluted Share Current quarter: Q3-03 $38,704,000 $5,138,000 $0.11 Prior year's quarter: Q3-02 $31,827,000 $781,000 $0.02 Increase from Q3-02 to Q3-03 22% 558% 450% Prior quarter: ...

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