Cognex(US:CGNX)2020-04-28 16:13Financial Performance & Market Position - Cognex allocated over 16% of its revenue to Research and Development (R&D)[6] - Cognex estimates the served market to be $4.2 billion[13] - Cognex has a 30% share in the 2D Vision market[15] - Cognex's 10-year revenue Compound Annual Growth Rate (CAGR) is 11%[21] - Q1 2020 revenue was $167.235 million, a 4% decrease compared to $173.484 million in Q1 2019[22] - Q1 2020 net income was $20.951 million, a 31% decrease compared to $30.147 million in Q1 2019[22] Market & Technology - Machine vision can improve products and lower costs across all industries[12] - The company identifies logistics as a market undergoing rapid change, contributing to over 15% of the company's total revenue in 2019[16] - The company estimates long-term CAGR for logistics to be 15%[15] Balance Sheet - As of March 29, 2020, Cognex's total assets were approximately $1.885 billion[25] - Cash and investments totaled $845.353 million as of March 29, 2020[25]