See more : TriStar Gold, Inc. (TSG.V) 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 | 199.14M | 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 Second Quarter 2022 on August 3, 2022
LAKE MARY, Fla. , July 19, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality, today announced that after market close on Wednesday, August 3, 2022, it will release its financial results for the second quarter...
FARO Technologies, Inc. (FARO) CEO Michael Burger On Q4 2021 Results - Earnings Call Transcript
FARO Technologies, Inc. (NASDAQ:FARO ) Q4 2021 Earnings Conference Call February 16, 2021 5:00 PM ET Company Participants Michael Burger – Chief Executive Officer Allen Muhich – Chief Financial Officer Michael Funari – Sapphire Investor Relations Conference Call Participants Greg...
FARO Technologies, Inc.'s (FARO) CEO Michael Burger on Q1 2022 Results - Earnings Call Transcript
FARO Technologies, Inc. (NASDAQ:FARO ) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET Company Participants Michael Funari - Sapphire Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Greg...
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q4 2022 Results - Earnings Call Transcript
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q4 2022 Results - Earnings Call Transcript
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q3 2021 Results - Earnings Call Transcript
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q3 2021 Results - Earnings Call Transcript
Faro Technologies: Q3 Earnings Insights
Faro Technologies (NASDAQ:FARO) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement.
FARO to Announce Financial Results for the Third Quarter 2021
LAKE MARY, Fla., Oct. 22, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced that...
World's First FARO-Certified Forensic Science Lab Opens at George Mason University to Advance Hands-on Student Training and Research
LAKE MARY, Fla., Sept. 29, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced a partnership...
FARO Technologies Casts A Good Image
FARO Technologies Casts A Good Image
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 2021 Results - Earnings Call Transcript
FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 2021 Results - Earnings Call Transcript
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