NEW BUSINESS
Minnetronix, a St. Paul-based medical device manufacturing firm, has expanded its corporate headquarters. The addition brings the firm's total space to just over 120,000 square feet.
PERFORMANCE
CyberOptics Corp., Golden Valley, is reducing its financial guidance for the third quarter of 2013 to a net loss of between 12 cents and 17 cents per diluted share, including a previously announced one-time income tax benefit of $300,000, on sales of about $8.7 million. Sales were below forecast levels due to softness in the order rate for SMT inspection systems in September, including slower-than-planned market acceptance of QX600 automated optical inspection systems. In addition, a previously anticipated $1 million order for SE500 solder paste inspection systems did not materialize in the quarter. CyberOptics will release its results for the quarter on Oct. 24.
