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Cognex Corporation Announces Fourth Quarter Results

NATICK, Mass.–(BUSINESS WIRE)–Jan. 28, 2003–Cognex Corporation (NASDAQ: CGNX – News) today announced revenue for the fourth quarter ended December 31, 2002 of $33,829,000, a 34% increase over the $25,170,000 reported for the fourth quarter of 2001, and net income for the fourth quarter of 2002 of $424,000, or $0.01 per diluted share, compared to a loss of $20,335,000, or $0.46 per diluted share, for the same period a year ago. Cognex reported revenue for the year ended December 31, 2002, of $114,107,000, compared to $140,729,000 for 2001, and a loss for 2002 of $6,027,000, or $0.14 per diluted share, compared to a loss of $11,127,000, or $0.25 per diluted share, for 2001.

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