See more : VA Tech Wabag Limited (WABAG.BO) 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 |
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Two Sigma Advisers LP trimmed its position in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 28.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,576 shares of the...
FARO Technologies, Inc. (NASDAQ:FARO) Shares Purchased by Vanguard Group Inc.
Vanguard Group Inc. grew its position in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,937,700 shares of the scientific...
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American International Group Inc. raised its holdings in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,551 shares...
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FARO Technologies, Inc. (NASDAQ:FARO) Given Consensus Recommendation of “Hold” by Brokerages
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