See more : Dynic Corporation (3551.T) 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 Announces First Quarter 2021 Financial Results
LAKE MARY, Fla., April 28, 2021 /PRNewswire/ -- FARO® (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 its financial results for...
FARO to Announce Financial Results for the First Quarter 2021
LAKE MARY, Fla., April 19, 2021 /PRNewswire/ -- FARO® (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 after market close...
FARO Announces Changes to its Board of Directors
LAKE MARY, Fla., March 17, 2021 /PRNewswire/ -- FARO® (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 announces changes to its Board of...
Improve Your Portfolio's Image With A Buy Of FARO Technologies
FARO Technologies reported Q4 '20 financials beating estimates. Shares popped from $71 on Jan 28 '21, to a 52-week high at $93.88 per share. There is room on the upside. Investors took notice because the company is in the expanding...
FARO Technologies' (FARO) CEO Michael Burger on Q4 2020 Results - Earnings Call Transcript
FARO Technologies' (FARO) CEO Michael Burger on Q4 2020 Results - Earnings Call Transcript
FARO Technologies (FARO) Q4 Earnings Top, Revenues Fall Y/Y
FARO Technologies (FARO) Q4 results reflect sales level fluctuations as a result of COVID-induced weakness in customer demand.
Recap: Faro Technologies Q4 Earnings
Shares of Faro Technologies (NASDAQ:FARO) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 94.44% over the past year to $0.35, which beat the estimate of $0.13.
FARO® Zone 3D 2021 Software Released for Optimal Forensic Scene Documentation
LAKE MARY, Fla., Dec. 8, 2020 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced the release of its new FARO Zone 3D 2021 software...
Assenagon Asset Management S.A. Acquires 1,100 Shares of FARO Technologies, Inc. (NASDAQ:FARO)
Assenagon Asset Management S.A. lifted its holdings in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned...
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