See more : Cybernet Systems Co., Ltd. (CBSZF) Income Statement Analysis – Financial Results
Complete financial analysis of FARO Technologies, Inc. (FARO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FARO Technologies, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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FARO Technologies, Inc. (FARO)
About FARO Technologies, Inc.
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. It also provides FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. The company offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 358.83M | 345.77M | 337.81M | 303.77M | 381.77M | 403.63M | 360.92M | 325.58M | 317.55M | 341.83M | 291.78M | 273.40M | 254.16M | 191.78M | 147.70M | 209.25M | 191.62M | 152.41M | 125.59M | 97.02M | 71.79M | 46.25M | 35.11M | 40.45M | 33.11M | 27.50M | 23.50M | 14.60M |
| Cost of Revenue | 193.83M | 170.00M | 153.89M | 143.92M | 183.63M | 175.28M | 156.28M | 147.62M | 149.87M | 152.91M | 129.89M | 123.78M | 110.48M | 78.38M | 67.00M | 84.02M | 76.57M | 62.95M | 52.66M | 37.02M | 29.52M | 21.11M | 14.30M | 14.75M | 14.16M | 11.10M | 9.60M | 6.50M |
| Gross Profit | 165.00M | 175.76M | 183.93M | 159.85M | 198.13M | 228.35M | 204.64M | 177.96M | 167.68M | 188.91M | 161.89M | 149.62M | 143.69M | 113.40M | 80.71M | 125.23M | 115.04M | 89.46M | 72.93M | 60.00M | 42.27M | 25.14M | 20.81M | 25.70M | 18.94M | 16.40M | 13.90M | 8.10M |
| Gross Profit Ratio | 45.98% | 50.83% | 54.45% | 52.62% | 51.90% | 56.57% | 56.70% | 54.66% | 52.80% | 55.27% | 55.48% | 54.73% | 56.53% | 59.13% | 54.64% | 59.85% | 60.04% | 58.70% | 58.07% | 61.84% | 58.88% | 54.35% | 59.26% | 63.54% | 57.23% | 59.64% | 59.15% | 55.48% |
| Research & Development | 41.81M | 49.42M | 48.76M | 42.90M | 44.18M | 39.71M | 35.38M | 30.13M | 26.56M | 27.51M | 22.41M | 17.58M | 15.20M | 12.69M | 12.61M | 12.63M | 10.26M | 7.23M | 6.44M | 5.44M | 4.53M | 4.03M | 3.37M | 3.55M | 3.83M | 2.60M | 1.10M | 700.00K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.65M | 43.81M | 40.81M | 37.47M | 36.48M | 30.60M | 29.07M | 26.81M | 26.78M | 24.96M | 26.14M | 25.51M | 24.55M | 15.54M | 11.75M | 0.00 | 7.87M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 116.92M | 103.54M | 79.87M | 79.31M | 80.16M | 71.69M | 64.45M | 62.12M | 50.68M | 48.60M | 63.02M | 56.13M | 45.28M | 37.27M | 25.89M | 0.00 | 13.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 157.34M | 146.66M | 136.23M | 131.83M | 177.38M | 164.57M | 147.35M | 120.68M | 116.78M | 116.64M | 102.29M | 93.51M | 88.92M | 77.46M | 73.55M | 89.16M | 81.64M | 69.84M | 52.81M | 37.63M | 27.46M | 21.77M | 19.25M | 19.92M | 17.11M | 13.30M | 7.60M | 4.50M |
| Other Expenses | 15.39M | 3.24M | -70.00K | -431.00K | -2.31M | -1.14M | 190.00K | -822.00K | -371.00K | 94.00K | -50.00K | -102.00K | 6.71M | 6.33M | 5.53M | 4.51M | 4.03M | 4.14M | 3.45M | 2.34M | 2.84M | 2.28M | 2.56M | 2.93M | 4.47M | 3.00M | 300.00K | 200.00K |
| Operating Expenses | 214.54M | 196.07M | 185.00M | 174.72M | 221.55M | 222.59M | 199.32M | 164.68M | 154.56M | 151.57M | 131.74M | 118.07M | 110.83M | 96.47M | 91.70M | 106.29M | 95.93M | 81.20M | 62.71M | 45.41M | 34.83M | 28.08M | 25.18M | 26.40M | 25.41M | 18.90M | 9.00M | 5.40M |
| Cost & Expenses | 408.37M | 366.07M | 338.88M | 318.64M | 405.19M | 397.87M | 355.60M | 312.30M | 304.43M | 304.49M | 261.63M | 241.84M | 221.31M | 174.85M | 158.69M | 190.31M | 172.51M | 144.15M | 115.36M | 82.44M | 64.35M | 49.19M | 39.48M | 41.15M | 39.57M | 30.00M | 18.60M | 11.90M |
| Interest Income | 0.00 | 36.00K | 55.00K | 340.00K | 714.00K | 429.00K | 319.00K | 164.00K | 111.00K | 96.00K | 74.00K | 160.00K | 101.00K | 105.00K | 253.00K | 2.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.35M | 36.00K | 55.00K | 0.00 | 781.00K | 486.00K | 4.00K | 48.00K | 56.00K | 8.00K | 9.00K | 28.00K | 37.00K | 34.00K | 14.00K | 452.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 15.38M | 14.10M | 13.69M | 14.55M | 18.52M | 18.31M | 16.59M | 13.87M | 11.22M | 7.43M | 7.04M | 6.98M | 6.71M | 6.33M | 5.53M | 4.51M | 5.25M | 4.54M | 3.45M | 2.34M | 2.12M | 2.27M | 2.56M | 2.93M | 4.47M | 3.00M | 300.00K | 200.00K |
| EBITDA | -35.24M | -7.56M | 5.19M | -16.23M | -41.72M | 23.36M | 22.42M | 27.15M | 24.34M | 44.96M | 37.19M | 37.95M | 38.45M | 20.58M | -4.61M | 23.32M | 24.36M | 12.80M | 13.68M | 17.64M | 9.56M | -671.48K | -802.12K | 2.23M | -2.00M | 500.00K | 5.20M | 2.90M |
| EBITDA Ratio | -9.82% | -0.50% | 3.63% | -0.24% | -1.70% | 5.79% | 6.21% | 8.34% | 7.66% | 13.15% | 12.75% | 14.11% | 15.61% | 12.18% | -3.52% | 12.30% | 11.72% | 7.88% | 11.53% | 17.07% | 11.59% | -2.73% | -7.90% | 4.78% | 0.16% | 9.09% | 20.00% | 19.86% |
| Operating Income | -49.54M | -20.31M | -1.14M | -14.88M | -23.42M | 5.75M | 5.32M | 13.28M | 13.12M | 37.34M | 30.15M | 31.55M | 32.86M | 16.93M | -10.99M | 18.94M | 19.11M | 8.26M | 10.23M | 14.58M | 7.44M | -2.94M | -4.37M | -697.10K | -6.46M | -2.50M | 4.90M | 2.70M |
| Operating Income Ratio | -13.80% | -5.87% | -0.34% | -4.90% | -6.13% | 1.43% | 1.47% | 4.08% | 4.13% | 10.92% | 10.33% | 11.54% | 12.93% | 8.83% | -7.44% | 9.05% | 9.97% | 5.42% | 8.14% | 15.03% | 10.36% | -6.36% | -12.44% | -1.72% | -19.52% | -9.09% | 20.85% | 18.49% |
| Total Other Income/Expenses | -4.53M | 3.27M | -125.00K | -91.00K | -2.38M | -1.20M | 505.00K | -658.00K | -316.00K | 182.00K | -1.29M | -612.00K | -1.15M | -2.71M | 831.00K | -577.00K | 3.93M | 1.52M | -328.00K | 705.33K | 2.00M | 1.13M | 855.38K | 1.16M | -2.05M | -1.90M | 400.00K | -300.00K |
| Income Before Tax | -54.06M | -21.65M | -8.56M | -30.77M | -61.01M | 4.56M | 5.83M | 12.63M | 12.81M | 37.52M | 28.86M | 30.94M | 31.71M | 14.22M | -10.16M | 18.36M | 23.04M | 9.78M | 9.90M | 15.29M | 9.44M | -1.80M | -2.51M | 464.20K | -8.52M | -4.40M | 5.30M | 2.50M |
| Income Before Tax Ratio | -15.07% | -6.26% | -2.53% | -10.13% | -15.98% | 1.13% | 1.61% | 3.88% | 4.03% | 10.98% | 9.89% | 11.32% | 12.47% | 7.41% | -6.88% | 8.77% | 12.02% | 6.41% | 7.88% | 15.76% | 13.14% | -3.90% | -7.14% | 1.15% | -25.72% | -16.00% | 22.55% | 17.12% |
| Income Tax Expense | 2.52M | 5.11M | 31.40M | -31.40M | 1.13M | -372.00K | 20.34M | 1.52M | -7.00K | 3.87M | 7.35M | 7.94M | 8.33M | 3.15M | 424.00K | 4.41M | 4.94M | 1.58M | 1.72M | 358.29K | 1.16M | 210.74K | 341.74K | 424.68K | -1.12M | 500.00K | 2.10M | 1.10M |
| Net Income | -56.58M | -26.76M | -39.96M | 629.00K | -62.15M | 4.93M | -14.52M | 11.11M | 12.81M | 33.65M | 21.51M | 23.00M | 23.38M | 11.07M | -10.58M | 13.95M | 18.09M | 8.20M | 8.18M | 14.93M | 8.28M | -2.02M | -2.85M | 39.52K | -7.39M | -4.90M | 3.20M | 1.40M |
| Net Income Ratio | -15.77% | -7.74% | -11.83% | 0.21% | -16.28% | 1.22% | -4.02% | 3.41% | 4.03% | 9.84% | 7.37% | 8.41% | 9.20% | 5.77% | -7.16% | 6.67% | 9.44% | 5.38% | 6.51% | 15.39% | 11.53% | -4.36% | -8.11% | 0.10% | -22.34% | -17.82% | 13.62% | 9.59% |
| EPS | -2.99 | -1.46 | -2.20 | 0.04 | -3.58 | 0.29 | -0.87 | 0.67 | 0.74 | 1.95 | 1.26 | 1.36 | 1.42 | 0.69 | -0.66 | 0.84 | 1.17 | 0.57 | 0.58 | 1.08 | 0.68 | -0.17 | -0.26 | 0.00 | -0.67 | -0.46 | 0.41 | 0.20 |
| EPS Diluted | -2.99 | -1.46 | -2.20 | 0.04 | -3.58 | 0.28 | -0.87 | 0.67 | 0.74 | 1.93 | 1.25 | 1.34 | 1.39 | 0.68 | -0.66 | 0.83 | 1.15 | 0.56 | 0.57 | 1.06 | 0.64 | -0.17 | -0.26 | 0.00 | -0.67 | -0.46 | 0.39 | 0.19 |
| Weighted Avg Shares Out | 18.92M | 18.32M | 18.19M | 17.77M | 17.38M | 17.04M | 16.69M | 16.65M | 17.29M | 17.25M | 17.09M | 16.91M | 16.50M | 16.15M | 16.13M | 16.63M | 15.44M | 14.40M | 14.17M | 13.83M | 12.18M | 11.85M | 11.03M | 9.33M | 11.04M | 10.65M | 7.80M | 7.00M |
| Weighted Avg Shares Out (Dil) | 18.92M | 18.32M | 18.19M | 17.93M | 17.38M | 17.35M | 16.71M | 16.68M | 17.39M | 17.42M | 17.24M | 17.13M | 16.87M | 16.37M | 16.13M | 16.73M | 15.72M | 14.56M | 14.44M | 14.02M | 12.85M | 11.85M | 11.03M | 9.33M | 11.04M | 10.65M | 8.21M | 7.37M |
FARO to Announce Financial Results for the Third Quarter 2023 on November 2, 2023
LAKE MARY, Fla. , Oct. 25, 2023 /PRNewswire/ -- FARO® Technologies (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology, today announced that after market close on Wednesday, November 1, 2023, it will release its...
FARO Releases Next Generation Cloud Platform, Sphere XG
Sphere XG expands 3D cloud processing, viewing and collaboration to a broad set of FARO and industry capture devices including stationary, mobile, and iPhone LiDAR scanners, and 360 ° cameras LAKE MARY, Fla. , Oct. 23, 2023 /PRNewswire/ -- FARO®...
Revolutionizing 3D Scanning Data Capture, FARO® Unveils Orbis™ Mobile Scanner
The first-to-market hybrid scanner offers mobile and stationary scanning in one device LAKE MARY, Fla. , Oct. 10, 2023 /PRNewswire/ -- FARO® Technologies (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology is proud to announce...
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LAKE MARY, Fla. , Aug. 22, 2023 /PRNewswire/ -- FARO (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, is thrilled to announce its inaugural Signals Conference.
FARO Technologies, Inc. (FARO) Q2 2023 Earnings Call Transcript
FARO Technologies, Inc. (NASDAQ:FARO ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Michael Funari - Investor Relations Peter Lau - President and Chief Executive Officer Allen Muhich - Chief Financial Officer Yuval Wasserman -...
FARO Reports Inducement Grant Under Nasdaq Listing Rules
LAKE MARY, Fla. , Aug. 2, 2023 /PRNewswire/ -- FARO Technologies, Inc ® (Nasdaq: FARO), a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today...
FARO Announces Second Quarter Financial Results
Revenue of $88.2 million, up 10% year over year, exceeded expectations Implemented cost reduction activities to realize targeted expense levels in third quarter Significant improvement in cash flow results in positive second quarter Free Cash Flow LAKE MARY, Fla. ,...
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FARO to Announce Financial Results for the Second Quarter 2023 on August 2, 2023
LAKE MARY, Fla. , July 20, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, August 2, 2023, it will release its financial results for the second...
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