MINNEAPOLIS, September 13, 2022–(BUSINESS WIRE)–Jeff Bertelsen of CyberOptics Corporation® was announced as one of the 2022 CFO of the Year winners by Minneapolis/St. Paul’s business diary. To view the announcement, go to article.
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The Minneapolis/St. The Paul Business Journal has announced the winners of the 2022 CFO of the Year Awards, our annual recognition of outstanding Twin Cities finance leaders.
“I am thrilled to have been selected as one of the 2022 CFO of the Year award winners,” said Jeff Bertelsen, Vice President of Finance, CFO, CEO and Secretary of CyberOptics. “On the heels of profitable growth of 32% year-over-year in 2021, CyberOptics delivered strong operating results with a 21% increase in revenue and a 75% increase in net profit in first half of 2022 compared to the same period in 2021.”
CFOs oversee functions ranging from human resources to technology to strategy — and finance, of course — and have an existential impact on their businesses. But since their work often takes place behind the scenes, their accomplishments may be ignored outside of their own organizations.
We introduced this project in 2007 to remedy this, celebrating outstanding financial leaders from Twin Cities companies large and small.
Nominees were evaluated by a panel of other finance executives, who scored them on their contributions to the company and the community. This year’s winners will be recognized at an awards ceremony in November with a full profile in our publication.
About Minneapolis/St. Paul’s business diary
The Minneapolis/St. Paul Business Journal is a multi-platform media company providing in-depth coverage of local business communities and breaking news reaching over 491,000 readers each week. Through print and digital products such as its twice-daily e-mailed news digests and face-to-face events, the Business Journal offers many opportunities for business leaders to connect and gives a competitive advantage at local, regional and national levels. Visit us at mspbj.com to learn more.
About CyberOptics
CyberOptics Company (www.cyberoptics.com) is one of the world’s leading developers and manufacturers of high-precision 3D sensing technology solutions. CyberOptics sensors are used for inspection and metrology in the SMT and semiconductor equipment markets to dramatically improve yields and productivity. By leveraging its cutting-edge technologies, the company has strategically established itself as a global leader in high-precision 3D sensors, enabling CyberOptics to further increase its penetration in key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics operates globally with facilities in North America, Asia and Europe.
Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including, but not limited to: a possible global recession or depression resulting from the economic consequences of the COVID-19 pandemic; the adverse effect on our revenues and operating results of the COVID-19 crisis on our customers and suppliers and on the global supply chain; market conditions in the global SMT and semiconductor capital goods industries; trade relations between the United States and China and other countries; the timing of orders and shipments of our products, in particular our MRS SQ3000 and SQ3000+ 3D multifunction systems and our MX systems for memory module inspection; increasing price competition and pricing pressure on our product sales, particularly our inspection and metrology systems; the level of orders from our OEM customers; the availability of parts needed to fulfill customer orders; unforeseen product development challenges; the effect of world events on our sales, the majority of which are from overseas customers; the rapid evolution of technology in the electronics and semiconductor markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; market acceptance of our SQ3000 and SQ3000+ multifunction systems and products for semiconductor inspection and metrology; costly and time-consuming litigation with third parties related to intellectual property infringement; the adverse impact on our customers and suppliers due to past and future terrorist threats and attacks and any acts of war; the impact of lower MX3000 gross margin orders on our consolidated gross margin percentage in any future period; risks related to the cancellation or renegotiation of orders received by us; and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
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contacts
Kathy Robideau
612-288-2100
twincities@bizjournals.com
Carla Furana
Vice President of Global Marketing
CyberOptics Corporation
952-820-5837
cfuranna@cyberoptics.com
