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Cognex (CGNX) FY2008 results: revenue $243 million

Cognex Corp. (CGNX) reported revenue of $243 million for fiscal 2008, the year ended 31 December 2008. Net income was $27 million, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2011.

Revenue
$243 million
FY2008FY2008
Operating margin
10.3%
FY2008FY2008
Net income
$27 million
FY2008FY2008
Diluted EPS
$0.17
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue243
Cost of revenue68.4
Gross profit174
Gross margin71.8%
Research and development36.3
Selling, general and administrative113
Operating income25.1
Operating margin10.3%
Pre-tax income35.4
Income tax4.9
Effective tax rate13.8%
Net income27.3
Net margin11.2%
Diluted EPS$0.17
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow58.9
Capital expenditure6.0
Free cash flow52.9
Free cash flow margin21.8%
Cash from investing64.5
Cash from financing-95.5
Depreciation and amortisation11.4
Buybacks93.0
Dividends paid19.3
Dividend per share$0.12
Diluted shares, weighted166m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity413
Cash and equivalents127

10-K for the year ended 31 December 2008, filed 10 February 2011: the filing.