Cognex Corp.

Company Overview

Cognex Corporation is a leading provider of machine vision systems, software, and sensors in various industries, such as manufacturing, logistics, and healthcare. The company has a global presence with offices and distributors in over 30 countries.

Cognex's machine vision systems are designed to capture and analyze visual information, enabling companies to automate and optimize their manufacturing processes, improve product quality, and increase efficiency. The company's products and solutions are used in various applications, including inspection, assembly, and identification. Cognex's customers include some of the world's largest and most prestigious companies in the automotive, aerospace, consumer electronics, and pharmaceutical industries.

Cognex is firmly committed to innovation and has invested heavily in research and development. The company has developed a range of proprietary technologies, including its DataMan barcode readers, In-Sight vision systems, and ViDi deep learning-based software. Cognex has also formed strategic partnerships with leading technology companies to expand its offerings and reach new markets.

Throughout its history, Cognex has received numerous awards and recognition for its innovative products and solutions and its commitment to customer satisfaction and community involvement. The company is listed on the NASDAQ stock exchange under the ticker symbol CGNX.

Financial Highlights (FY 2023)

Company's Business Segments

• Standard products and services : Machine Vision, Vision Sensors, Vision Systems, 3D Vision Systems, OEM Products, Barcode Readers, Fixed-mount Barcode Readers, Barcode Verifiers, Vision Software.
• Application-specific customer solutions : Shipping and Handling activities, On-site Support Services that are provided to the customer after the solution is deployed are accounted for as a separate performance obligation.