CYBE - Earnings call transcript Q4 2021

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, ladies and gentlemen, and welcome to the CyberOptics Fourth Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Dr. Subodh Kulkarni, President and CEO of CyberOptics. Please go ahead.

Dr. Subodh Kulkarni

you. Thank thanks quarter CyberOptics of and for conference participating fourth the XXXX. for afternoon, earnings in call Good

forward-looking Joining outlook me some Regulation keeping is statements which XX, These then at Operating for forward-looking overview of discussions Officer, our you outlook the a Jeff made our FD, this will of the Bertelsen, in our will results, release. of afternoon's regarding our ended answer statements factors. are our XXXX, we risk XX-K CFO reflect for future be filings urge with to review conclusion pleased our Securities is have number results your performance. review of with in recent December earnings other detail to the my year Form who to and following these our subject and We and questions We discussed Exchange Chief risks that in In remarks. Commission.

gross performance. the reported the sales XX% of of $XX.X year $X.X earlier of from Turning quarter. quarter diluted the margin from now XXXX. XX% came $X.X almost $XX.X million quarter to of earnings XXXX, CyberOptics of Net income strong benefited XXXX. in quarter to an increase in and million the million from Sales which rose fourth diluted per of million fourth in share a per fourth recent $X.XX for XXX% or percentage share of or our $X.XX earnings

earnings sales record and reported in XXXX. also We

or fourth up share $X.XX $X.X in XXXX diluted $XX.X in or $XX.X $X.XX For million the income in increase of million and year-earlier per in XXXX. operating year, year XXXX. million, XX% and system of an $XX.X period. products share, products million Net CyberOptics sales significantly sensor quarter of diluted per from quarter totaled sales from to full was semiconductor inspection record sales XX% in the and compared MRS-based XXXX accounted fourth results sensors. were for These total the our WaferSense by XD of driven XX% full

our MRS-enabled sales, for WaferSense ongoing accounted traction our We that technology and our full sales total for believe to WaferSense and advantages targeted strong products to from growth and capitalize and us and opportunities competitive XX% XX% for XXXX, continuing our the for in gain is penetrate The this of Demand about capital demonstrates products making for enabling in of For mix optimistic shift to semiconductor expected year quarter market. advanced are CyberOptics equipment all is upon surface first of remain outlook us of system strong this some mount XXXX. CyberOptics' up sensor MRS-based in XXXX. our inspection products sensors time, markets.

shaping as also another up the We see full strong period results. operating year of

post systems category, fourth metrology inspection XX% forecasted the million. systems for fourth in XXXX. quarter principally sensors, this of fourth XXXX growth of and sales XD WaferSense product Sales the year-over-year of growth the of and in and of of sales systems totaled for sales, inspection of LED million inspection will semiconductor in are Sales fourth first of next applications. Now year-over-year by rose year-over-year SQXXXX each mini of and of our for at by XXXX yield sensors $X.X mini $X.X and I electronics metrology capital performance high-end quarter, year-over-year Sales XD process inspection driving for in and demand the quarter the was improvement year-over-year record MRS of sensors and sales line LED few XD million Sales the to quarter XX% the $X million. of sensors product Multi-Function semiconductor semiconductor backlog to XXXX. million Within year of generated XD demand strong first quarter to mini review the sensors the sensors to XXXX. strong XXXX. related of families. $X.X Sales rose sensors. XX% these is $X.X XD for applications to fourth in category, are quarter $X to sensors increased the full semiconductor sales in stood to total equipment December increased metrology. forecasted growth LED quarter Of million the SQXXXX $X of billion. this quarter Within this fourth increased of XX, in XX% SQXXXX sales at of XX% $X and million driven year-over-year minutes, year-over-year our to Ongoing

anticipated Additional MXXXXX markets $X XD Kits final Sensor order customer system modules. and systems vision benefited acceptances memory from also growing sales for from nearly quarter or inspection million are this in Fourth XXXX. of

MXXXXX the and record second inspection be the in at of up systems orders XXXX. the and to million primarily recognized at $XX.X MX third and from quarters revenue XD December of XD $XX.X of quarter backlog end growth of million, current year-over-year of as XXXX to presently million XXXX. first XXXX, Additional received of $X strong XX, the first in forecasted bringing are million metrology end quarter CyberOptics $XX in post the of This totaled XXXX. and at million. XXXX a Sales $X.X are orders of earlier of backlog scheduled quarter our third to products

million million to ending sales first quarter XXXX $XX We XXXX. XX, $XX.X $XX to of March forecasting million are first for in the of the compared of quarter

our of progress markets of operating CyberOptics shipments earlier, XXXX and significant which system competitive our advanced for quarter the strong at progress sensors order We CyberOptics. strong up in mentioned due to Thank under demonstrated products. the be believe SMT targeted our capital period fern conditions will semiconductor results products. advantages will expect in of on MRS-based XXXX, system in first report and XXXX As equipment you. made in continue as shaping the of penetrating based to XD and continuation the backlog market we from favorable this

greater Bertelsen detail. Jeff performance Now our quarter will review in fourth

Jeff Bertelsen

Thanks, Subodh.

the at SQ systems the higher-end of up of improvement almost applications period the XX%, quarter. XXXX. quarter the than percentage earlier Sales was XXXX of gross demanding, XX% with beginning in fourth Our the the back-end in from were our year and of our and better margin driving percentage electronics price fourth the points quarter assembly gross semiconductor in for in primary margin more factor better forecast

and quarter gross the first Our for be the in disruptions of components obtain chain, XXXX, increasingly supply in quarter congestion. to global manufacture percentage pandemic parts posted the shortages a in ocean and has for strong become to sales. port points due supplies points It XXXX of to needed SQ caused freight percentage margin COVID-XX to couple is certain including labor expected lower fourth of price primarily The from adequate difficult the products. down and has of delays our level key system

to We XXXX. our confident shortages and demands to supplies first our have date, are spending time demands. adequate we adequate not that have have these customer working meet an suppliers supplies on we that had ensure are the quarter impact of for increasing we customer significant with business, amount to of To a meet

at higher increased for about to channel year-over-year shows. XXXX, Depreciation $XXX,XXX the by of costs to expenses and This forecasted to in of higher increase the of trade stock and extra sequentially X% compensation customer from demands to are year-over-year channel Total in so we commissions resulting In the fourth and due the expenses anticipated and again, can XX% inventories quarter compensation in costs later on increased operating are $X.X higher XXXX quarter participation time keeping amortization was third-party for increase of came Total significantly million. sales expense quarters. compensation and hand in meet from commission employees. new also the fourth X% and totaled XXXX due higher quarter present expense addition, the fourth operating XXXX we quarter $XXX,XXX. first to to

the for excess down in saying and tax million rate about that was Our in tax growth We X% end our we coming which up marketable third quarter Absent $XX.X investing are would achieving XX%, million this from million by $XX.X effective Cash units. optimistic first the presently benefits, securities additional believe all have capital the want the XXXX totaled stock for the year. the XXXX. quarter quarters. at tax We drive resources the for excess tax our at $XX.X and later XXXX, XXXX. of of future be of are anticipate end for there and impacted of conclude of objectives. at to rate the shares of about outlook of was XXXX favorably CyberOptics' XXXX, will end I quarter benefits is we restricted our quarter expecting rate adequate of are our fourth and been will rate for income tax and stock that exercises fourth the option from restricted tax

We of MRS-enabled penetrating make systems take XXXX progress now the to lineup be year our questions. sensors markets solidly progress make This you. our further improved happy of semiconductor another and expect operating should and products. to WaferSense year Thank results. We throughout would at with targeted your

Operator

question Rich with Ryan go [Operator Instructions] from We'll take our Please ahead. first Colliers.

Rich Ryan

the on Congratulations quarter strong and good guidance.

of of give us opportunity. you're and some mini of just at said $X business Can that gave looking kind for anticipate the that all you us right of the additional LED 'XX million now orders. You for you perspective kind market

Dr. Subodh Kulkarni

year last is large on. made as X results or good up shaping to inspection that process. scale-up is LED-based position exciting products Several LED for be our process goes as this consumer year X mini years LED to year The maintain mini growth various electronic announcements And mini the and companies key well. as as player mini contributor up LED an now, for in the we certainly in going have enabling our scale for the they are

in the mini gets manufacture steps of demanding during So our SQXXXX used most LED. the critical

multiple another application. growth this are for that we optimistic SQ companies will the LED products mini scaled and Now for be feel that year getting up, pretty multiple solid

Rich Ryan

getting you're your Yes. customers? I steps getting just if any some other or you're inspection into wondering more -- are you of gaining if was any existing deeper additional

Dr. Subodh Kulkarni

the and and the more new existing customers It's customers. joining -- more the are are getting activity, we customers from

So inspection more because it's any in scaled up. of are and but coming are steps lines getting not more because

Rich Ryan

customer to the to 'XX? in memory your over of are XD a -- first the more Switching What that's the is from well is XD, the patterns there. good anticipation order commentary And XD? side, you shifting XD, as

Dr. Subodh Kulkarni

Yes.

customers version from So now systems from MXXXXX and of order customer day us. is has ordered the MX, as sub-con One there two right have well we the one. XD

earlier, depending some their they some started order have on that customer XD Another to with ordered needs. also XD. continue started They XD, but

feel and continue really doing is we to us, now well. lines. continue So based good we systems our of expect increasing to one And one and and these pretty customers XXXX. these that memory customer Both buy forecast XD right number they buy are given market two the to subcons their XD the Overall, business about both to on growing to MX XD. have MX customers in

Rich Ryan

financials. to couple Turning a of

that said revenues chain had out Are of supply that the at this You any an much point? pushed been have seeing hasn't you impact.

Jeff Bertelsen

Rich, haven't We significant really point, seen out. No. we push to any -- this revenues

any and we that need and shortages We the been we everybody's significant Thankfully, us shape now, haven't good carrying deliver And customers. we've we've disruptions. to the in extra able some progresses. for seen to the year date, to we're buffer parts QX, like need component that Certainly, as to we help secure for had are the right experienced. inventories components

Rich Ryan

quarter flow did cash the drop And you from And do the one gross right? of points? have one. just said margin from the ops hear the You then percentage a for last will QX Jeff, couple I and you year?

Jeff Bertelsen

Yes. Yes, that's right.

gross numbers as on the the almost margin, XX%. show, we first, So were

But from quarter. thinking fourth points there. am points, drop might XXXX margins those but sequentially I QX quarter they'll a strong be a pretty a in couple of still I'm a down thinking showing, couple So good of the

million terms operating is year, alone. the cash it's flow $XX.X the of see full what and for about you would million in In $X quarter fourth

Operator

ahead. Greg Craig-Hallum go Group. Palm take with Capital next We'll Please question our from

Greg Palm

on and frankly, congrats results pretty Jeff, year. good a the outstanding

Dr. Subodh Kulkarni

you, Greg. Thank

Jeff Bertelsen

Greg. Thanks,

Greg Palm

that because stood was to wanted that out. number start really on -- the margin I gross

any And about we as about assume curious, guidance SQ given that So you've can margin for plan the based other year, this further cost that that than you've point mix, we I'm expansion past? talked to? gross but anything QX, in reduction you -- I on think know should

Jeff Bertelsen

Yes.

the -- biggest I about So when just had product. gross mean, expect and will there think and margin. think certainly, product sales we mini biggest is gross margin the or of WaferSense think about we SQ that the sure, target you then the when more I points with forth. our in in or applications, a increasing driver to our gross for margins, think phenomenal for into Certainly, that's probably go price higher-end is XXXX. in year line we We terms sales And into where continue and the And also mix XXXX. factor that so LED as

our really we're don't think work XXXX. working really XXXX. on. to into So good, think we point, I for really about been mix this don't in think be throughout Certainly, think wafer really going margin those factor XXXX main higher-end continue on drivers think But that gross MRS gross has reduction to we programs XXXX. sensors the those our But margin sense, the that. it's It's a margin profile a and I in driving SQ will SQ are that I really mix I more and -- dependent, for At gross applications. do cost have when more huge trend we're

Greg Palm

do of like XX% gross an I is kind basis mid- XXXX, excluding the XXs this of sort at at maybe margin the way? XXXX. sense mix you baseline any margin the newer I looking mean, was the -- XXXX, to mean for more XX% least you do get XX%. annual either high least gross back, range mean to on I versus

Just trying a to get

Jeff Bertelsen

mean if we at every you second certainly, look -- when our quarter and you Yes. I results, look quarter, around XXXX, was XX%. at quarter had at I the X think

fourth a quarter started were that little XXXX. XXXX. of like of the others to in really north in And The of bit XX% see we

So think a WaferSense mix I XX% sort is think assuming of the stays this newer grew XXXX. baseline mean, same, for just I us. I in

stays And has and has of sales think we sales which on product grow, helped this same, has mix continued gross product a margins. composition the that So baseline. huge our our impact newer But margins. -- sort I of the is if gross WaferSense MRS-based to the

think I is mix newer closer think the we've made past. we XX-ish So this the have is percent that and it than type some I maybe the in definitely, to progress, seen baseline dependent. But

Greg Palm

certainly sense great. if give bit case. Subodh, Obviously, pretty little bit -- But a and That's like just Yes. yes. seems out little little pipeline? you? backdrop. on it's of pretty on a us it's color memory. You mini a gave of there lever, the maybe important seen the can that's a you are what a LED you certainly Subodh, overall good that concerns It

Dr. Subodh Kulkarni

will continues numbers I seem and look depending be indications specific roughly to mean electronics the backdrop roughly will grow XX% market, healthy. in XX% inspection very look and you semi the report grew which Both market I market cap mean, overall grow vary which overall, electronics to markets semi-cap growing to XXXX market at XXXX. in latest well analyst roughly fairly electronics XX% and are on that

believe are neighborhood in projecting But markets growing to But we we in the in that, analysts So who are right it's numbers. There who backdrop. the some lower the There playing very XX% a are are healthy numbers. some XX% are now. are macroeconomic higher varies. projecting range general,

very the very it's of gets get seeing another continue pretty or and for backdrop. QX differentiated us. we healthy our have and you within Visibility go relevant to now share, this a feel our market good markets. a traction, solid year beyond right and few technology X why increase platforms, obviously, for that, updated. So WaferSense, if reports being most months, gain XXXX MRS are will, we difficult we those QX That's once about for we you Within certainly that reports are

will going all But believe happen events or half year a looking had point. overall, are is the that this everyone good in the next what time is in at of very semi year projecting year. tough solid feel industries a year. good And second growth this and world, external I electronics pretty that like also this XXXX so I on given the think early exactly growth a

Greg Palm

And growth. good I still knowing guess, end markets, that some are showcasing your

goal market nicely end think actual this markets outperformed target those your continue outperform year. the growth? Is to you to I or sort past end your of

Dr. Subodh Kulkarni

target. the the better want that cap Yes, our and semi electronics overall markets gaining is do. and to share do what than keep Certainly, inspection we

Greg Palm

last And you've based with on are current one. shippable backlog? your just items across got cadence I XXXX Any I guess various the quarters. of help that multiple know

So anything that terms we of of out? should quarterlies sort the know how will of in play the cadence

Dr. Subodh Kulkarni

Well, certainly, we have for guidance given -- QX. provided

You know the backlog.

sales collecting. we QX. think in increase based are orders will we QX expecting keep certainly we'll the solid QX on will all now, we a backlog So plus right the --

and than have into at you once we'll point, like number April but QX we this this certainly at least, given period. it point, higher looks will that we QX, time at the be quantify QX So get

Operator

Instructions] ahead. next [Operator We'll go Acme Slade with Please go Analytics. Eric to

Eric Slade

me? hear you Can

Operator

can we Yes, now.

Eric Slade

Perfect. Okay.

Unbelievable, this about Subodh. those a numbers. Okay. question minute. talk those for guess We'll in But I is

I WXXXXX the think hit guys the this correct, for mid-end? that system had Is quarter. new PO that that On have you a

Dr. Subodh Kulkarni

will PO that delivery all quarter, the or book and certainly, the We in got year. depending we this on quarter either half But a in first that. QX timing and acceptance of of this exact next

Eric Slade

Can for? you was that much disclose how

Dr. Subodh Kulkarni

sends our the in rather because into that direct than and number somewhere We less to competitors, neighborhood. would more so than $X not million, that get million $X.X details it's a

Eric Slade

start guess? seeing And do have the Okay. we'll you when you that, ramp if think really on any

Dr. Subodh Kulkarni

China. our our with have this customers are are one China, of some over in MRS ways. we sell getting they in -- Nano integrator wins our with in in two to particularly and market mentioned in advanced integrators as sensor we the good system packaging past, participating Well, We our system

our our is the outside largest same is China essentially WXXXXX. Chinese the and OSAT software sensor using and product growing of one So companies

IDM win. secured what we that's one -- So we have

some two another we secured that area, customers we be as to we have we is So line will relatively small. [Indiscernible] it's we SQ, talking But -- the of impact get done those mean current important overall, large to MX to Most we which the speak. far will good concerned, we And wins dominated I a products like of say P&L the as X XX I Certainly, in customers to start. as in is material sensors have be this are confident by still are going going of can XXXX. is

Eric Slade

understand, have as Jeff going interesting. fourth you I Ukraine. I things gets of these any understand I don't into the in the talk with we get quarter, Hopefully, more and it

Just kidding.

So this answer, I'm the always now I answer. same I'll always ask you same the and question, get give sure

the On this guess I player, I that's third memory but go and year, hot that heavy, assume? would could

Dr. Subodh Kulkarni

about talk in to the -- to interested we continue We be continue technology.

We different their are very on options business, is discussing work enable progress. how in but to much

We continue them. discuss with to

Eric Slade

third And micro quarter? LED to talking of end is the for as more any one mini customers you've next the are you opposed been to the

Dr. Subodh Kulkarni

we one actual that systems have the SQ for from believe already primarily driven LED seen far, I we several large that mentioned orders come subcons mini electronic so consumer company. companies, but are of orders have by

I roughly to systems eight the And customers same consumer too. service electronic SQ far. so So other sold companies we believe have large do subcons

electronic I have exactly been three have are you And sometimes, know and that to if at the those ending some several very three large companies high electronic right of us. level, ones up. scaling published consumer LED purchasing our where But at who systems difficult from speak consumer reports, world can large look subcons So companies are the them products a now. we it's our mini are as in say all

many we LED consumer expect to supply that chain. we of before So and certainly electronic expect of end part SQ XXXX, mini certainly with be products the

Greg Palm

will they the 'XX, here. was next already to we only 'XX. I end conservative -- Okay. doing I well the $X.XX had recession. a had documented, year, at mile, $X.XX have and The at $X.XX you for me observation making in I I $X.XX next 'XX guys I with want so documented. to have you, $X.XX a Jeff end 'XX. came year unless have think doing for you the analysts $X.XX, share. I by you a are And look three for year. well missed $X other of of guys make guys they $X. you tell I This then an have had

I for industry -- know 'XX. numbers This You coming already you $X.XX of foods drivers put have up XX a this. just The that on, I don't And demand the boys, investors industry. estimates. to is for Things since amazing, there and Come so get want is and guys is XG, are] quite close. 'XXs the to This service out talked computing, out at got not the That's my are is about Internet for cloud semiconductor I cycle. XXXXs. this there packaged do Jeff out because pharma here. in what's years, these

Jeff Bertelsen

Eric, question do you Subodh? other for have any

Eric Slade

me. No. for That's it

guys You Congratulations. go.

Operator

[Operator Investor. take question Instructions]. our Chris ahead. next from Please go Private We'll Wakovski

Unidentified Analyst

again a Hello. rate Good results. for good afternoon, congratulations and

Dr. Subodh Kulkarni

you. Thank

Unidentified Analyst

at for us average tell much point, percentage addition if a So semicap in inspection, for me. share questions usual of the so like have you more was market outperform optical we wafer semiconductor seems the and general long don't mind, can of It rate? do growth can in electronics ask how can growth like both that how inspections, know you in investors -- the growth? that newer your big semi-cap market you And what for taking to I this part you

Dr. Subodh Kulkarni

position, Those good have we no competitors IP of Unfortunately, reports questions. that very available. in any have the area, fended there and Part a are we strong because external off WaferSense are area. is in it

WaferSense have in for applications area, of of those all so market, share the per believe, market we we the se. there's market kinds is So no now, whatever right service, seven the

is talking of share in area. WaferSense more the increasing penetration market market overall we industry, the in about are we when So say our

are reports inspection competitors, are electronic external available. there the On certainly, systems there side,

last it. Feel but But can XD have bottom the those off that we available on market which the our market, don't reports side, investor high-end participate the share, AOI free we presentation in our website. to and in is roughly market. a go have category, the I look on shown half mention report about the we key we We of at is XX% the believe have take

you want of if we the high X% look mostly are So it's the say X%, can share, is side, at to which market. aggregate you our the market half performance, to about but top price

-- to market increase XD continues compete And share where the that XXX%. would we we now. are I our category AOI. in XX% key So your we right answer the WaferSense, about in question? say It's Does

Unidentified Analyst

That's very you yes. portion? in of to the optically just most said, as convince WaferSense, helpful. terms being Yes, now And you trying it's their wafers small of a optically inspecting you're wafers about inspect are to made people penetration. in of being But still or And wafers? kind inspected,

Dr. Subodh Kulkarni

question The complicated WaferSense. every more wafer not inspecting are we a because becomes little in

line, our leveling or or we particle measuring humidity at or look are the things in you If like equipment. product vibration

actually we the report the tool go the inside So in and real-time outside. in-situ data do measurements and

really don't we a wafer. inspect So

the monitoring if will. measuring equipment, you are and We

used products wafer So when typically, the is the inside get equipment. our not

and kind are monitoring then of of and out the So condition wafer start we going the equipment continuing. come

So wafers inspect. how it's can quantify many like not we we

is and many bottoms market that pieces We how for at growing WaferSense investor many we to million, $XXX bottoms-up least equipment. done the in of up in have analysis the that our And neighborhood presentation. and believe summarized again of we XX%. there potential on based analysis, fabs have about are XX% at And how

opportunities the to penetration applications we of we have the plenty existing applications. have increase we believe with and we continue So

future. WaferSense say has plenty of believe upside it that in to we growth suffice So the potential

Unidentified Analyst

And also -- superior? how the our presentations, technology that share, reading on. does of apologies investor presentation technology. as that Can with in packaging about you're SAP taking -- so carefully. beforehand tie in because for And your market your superior increasing But packaging, in trends your -- such and general you in general, kind penetration tell general not us and is industry more of you and mentioned miniaturization,

Dr. Subodh Kulkarni

Sure.

multi-reflection So optical we the technology stands MRS. with separation. is we technology, directly MRS call it competitors the for sensing other where compete XD

we higher several It's and of patterns very several at technology. that pending unique, which speed to have sensing, are we There very technologies inaccurate a noncontact but do. And accuracy alternative higher significantly innovative what We there with that doing essentially technologies same what both and gives are that are than but optical slower do. time. more are the faster, XD compared significantly some way accurate,

higher same technologies. us accuracy allows both the it and and time at higher itself MRS is many a of That compared what conventional into real is we to the manifests customers speed quality. our have. image is combination other So What unique superior differentiation

alternative at image technologies. And look superior leads us to with sensor, better significantly you MRS to conventional they usually, to coming continue from answered images gain MRS if question. So compared are that's enables and quality better and the to what Hopefully, compared results, to approaches. inspection that traction measurement your

Unidentified Analyst

more assume with right? Yes. more everything and of Yes, it would I does. there'll they're reflections, the important And like features? more being would XD you say becoming that MRS miniaturization is be

Dr. Subodh Kulkarni

yes, is more you're are packaging wafer by definition mean, reflective. wafer-oriented mirror. general, like Advanced becoming is parts getting I more In parts getting smaller, -- are a

suited well That's is for MRS are optimistic. so yes, us makes what the going. So trends

Operator

Birla our DK Birla go take Please with we'll ahead. question Ash from next Capital. And

Ash Birla

MRS WaferSense have heard case. asked CyberOptics, and will it occur, AMAT I Amazing entire that the Ukrainians. comment on opportunity to Guys, probably talked get is you I the because just figured hit are does gases the I Russia to impact I've ask like situation a outside what by can percent what couple wondering relates because XD Jeff, the know XX% rate. If about to job. a semiconductor to this. congrats. From questions when of of I about was on I growth supply and we know situation? said to this mean, and the it most as all materials lot supplied used neon Because apply XX% we I if chain, the couldn't of know nobody like would I would it have most especially in you near-term

and but EUV the retail. into So DUV the tools and goes not tools that --

for WaferSense? be any a And follow-up. would like what idea would you then impact So I have have that

Dr. Subodh Kulkarni

difficult but like visibility second and there this anything aware mean semiconductor of to. get the from I we what are we used order of material I Russia Ukraine, order mean Russia some question effects, asking a third Ukraine alternatives or like that. that or are have much whether are you're not supply I'm or sure is can coming don't materials exact very industry percent in there from or

the many would fab very part closely the potential As this of today, and any on analysts -- any direct coming that have impact world has said output, fab least one of that at follow as of area no any output. disturbances from

whatever it would be I removed consequence. third it's overall again, would that be or So order, we But a are second if a direct ecosystem. not think effect from

than So much said. cannot analysts have we what comment other really more

Ash Birla

Sure. No, in I've fab. sense. a worked never I makes mean that

some the the have So because figured I you like in about -- I was that's really impact. but I worked one, figured know gases. why you curious of specialty might And

available guys second -- XX-K? to X out Or have when that KLA? broken is I how question the sales the The was Is broken that wondering have in much revenues? is you you down you MRS -- the

Jeff Bertelsen

on Yes, we mean. Ash. commented significant have customers, I

not our who have customer customer's one XX% than we revenue, for name. a And we given so of that little currently, less accounts have but

sales are won't comment specifically of percentage on our to KLA. we So what specific

Ash Birla

know the -- nanometer testing? is curious is -- is node shipment above? So it it DUV -- is back-end advanced like where chips the is subsystem Jeff, fab? in, that's like those are only you below? the -- going to the need is that -- Like, the like -- XX-nanometer? I Or for chips, the customer's that Is would name. chips? the I mostly within I that XX-nanometer which if MRS don't that are for going okay. was Or it XD just the which and just where XX EUV Do it's

Dr. Subodh Kulkarni

Yes, that we MRS visible can domain technology. say. I an is optical mean, optical

sell the we system we light the SKU they MRS sensor, -- it's sensor in in our XXX-nanometer customers, all whether back OEM MRS highest are MRS, or So are with resolution applications. we all using or packaging advanced applications the type their end to use. that what

with end MRS we the WaferSense, in are but we with So are front-end front this front inspection point. not we are in in end at not with

nodes don't -- of deal the advanced and the chips, I rather X-nanometer packaging level, nodes. using packages are anything. or X-nanometer at the X-nanometer are mini they with advanced LED and we So mean, many

package level, at a not you transistor at if handling a we them are So will. but level,

Ash Birla

I Right. what That's meant.

the that is doing package they're right? X-nanometer chips, the Sorry,

Dr. Subodh Kulkarni

absolutely. being chips. certainly, many used packages And the Yes, of advanced X-nanometer I very to X-nanometer those sophisticated mean, MRS are is packages coming the from advanced now. node inspect advanced right and most

Ash Birla

Got it.

are Okay. mean these Great. writing fun just to really and again. I are Congrats -- mean CyberOptics. I on I was on. numbers congrats, wish write these I guys still

Dr. Subodh Kulkarni

Thank you.

Operator

questions further We have time. at this no

Dr. Subodh Kulkarni

Well, thank you We you with all Thank you for your interest again. forward results in April. and updating look our QX questions. to

Operator

and We gentlemen, today's concludes participation. conference. this Ladies your appreciate

You may now disconnect.

Cyberoptics (CYBE) 18 Feb 222021 Q4 Earnings call transcript