FARO develops and markets computer-aided measurement and imaging devices and software. The devices are used for inspecting components and assemblies, production planning, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes.

Employee Rating

2.8More
TypePublic
HQLake Mary, US
Founded1981
Size (employees)1,669 (est)
Websitefaro.com
FARO Technologies was founded in 1981 and is headquartered in Lake Mary, US
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FARO Technologies Office Locations

FARO Technologies has offices in Lake Mary, Seo-gu, Haeundae-gu, Chengdu Shi and in 24 other locations
Lake Mary, (HQ)
250 Technology Park
Exton,
290 National Rd
Wixom,
46998 Magellan Dr
South Brisbane,
1 12 Cordelia St
Jardim Belizário,
360 R. San José
Chaoyang Qu,
24A Jianguomen Wai Street
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FARO Technologies Financials and Metrics

FARO Technologies Revenue

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FARO Technologies's revenue was reported to be $360.92 m in FY, 2017 which is a 10.9% increase from the previous period.
USD

Revenue (Q3, 2018)

99.7m

Gross profit (Q3, 2018)

52.3m

Gross profit margin (Q3, 2018), %

52.5%

Net income (Q3, 2018)

(2.5m)

EBIT (Q3, 2018)

(2.7m)

Market capitalization (4-Dec-2018)

812.1m

Closing stock price (4-Dec-2018)

47.1

Cash (30-Sep-2018)

115.1m
FARO Technologies's current market capitalization is $812.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

291.8m341.8m317.5m325.6m360.9m

Revenue growth, %

17%(7%)3%11%

Cost of goods sold

97.6m115.0m114.0m147.6m156.3m

Gross profit

194.2m226.8m203.6m178.0m204.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

68.2m73.4m82.1m82.2m69.9m83.8m72.5m75.7m78.5m79.6m81.6m82.7m90.3m92.8m191.1m99.7m

Cost of goods sold

29.4m33.3m36.5m36.2m30.3m39.2m37.6m33.1m34.6m36.9m37.8m35.9m38.2m39.0m79.6m47.4m

Gross profit

38.8m40.1m45.5m46.0m39.6m44.5m34.9m42.7m43.9m42.7m43.7m46.8m52.0m53.8m111.5m52.3m

Gross profit Margin, %

57%55%55%56%57%53%48%56%56%54%54%57%58%58%58%52%
Annual
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

35.1m50.7m64.5m93.2m124.6m124.6m109.3m107.4m107.4m106.2m141.0m

Accounts Receivable

66.3m66.3m84.0m69.9m69.9m61.4m72.1m

Inventories

48.9m14.6m17.0m45.6m18.5m51.9m53.8m

Current Assets

324.1m324.1m340.5m292.2m292.2m286.2m294.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

116.9m122.7m129.8m116.9m96.1m90.6m96.0m120.3m133.5m121.3m105.9m117.6m129.8m138.8m133.6m115.1m

Accounts Receivable

52.9m64.7m66.0m68.9m62.3m70.0m63.8m60.1m56.8m57.4m60.6m58.8m60.4m71.6m71.6m75.4m

Inventories

49.0m50.2m53.3m56.5m66.7m68.9m55.1m48.6m51.8m55.2m52.5m57.9m59.0m58.4m60.3m62.5m

Current Assets

304.6m323.0m335.0m329.1m313.7m318.8m307.4m299.3m309.3m295.0m279.8m279.2m281.2m298.9m297.6m294.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

21.5m33.6m12.8m11.1m(14.5m)

Depreciation and Amortization

7.0m7.4m11.2m13.9m16.6m

Inventories

(3.3m)(22.0m)(18.0m)(6.7m)(10.9m)

Accounts Payable

534.0k1.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

13.2m5.0m11.3m11.2m664.0k4.1m(884.0k)3.1m3.4m1.1m(1.5m)(5.1m)(3.5m)455.0k1.7m(828.0k)

Depreciation and Amortization

5.3m1.8m3.7m1.8m2.5m2.7m2.8m3.1m3.3m3.4m3.7m7.7m12.1m4.3m8.7m13.5m

Inventories

(10.1m)(11.4m)(5.2m)(6.7m)(12.1m)

Accounts Payable

9.9m11.2m9.3m12.5m10.2m10.8m11.5m12.0m1.6m(2.8m)(4.8m)(2.9m)569.0k
USDY, 2018

Financial Leverage

1.3 x
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FARO Technologies Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Manufacturing Facilities

5 5 5

New Bookings

$69.10 m$83.80 m$72.30 m$100.40 m$325.60 m$73.50 m$81.60 m$79.80 m$95.80 m$330.70 m$86.90 m

Patents and Patent Applications

800 900 920

Trademarks

21 65 70
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FARO Technologies Revenue Breakdown

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FARO Technologies revenue breakdown by business segment: 23.9% from Construction BIM-CIM, 67.9% from Factory Metrology and 8.2% from Other

FARO Technologies revenue breakdown by geographic segment: 15.4% from Other Asia, 13.8% from Germany , 9.8% from Japan , 18.1% from Other Europe, 39.2% from United States and 3.7% from Other

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FARO Technologies Online and Social Media Presence

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FARO Technologies News and Updates

Metrology Software Market by Technology – Key players like: 3D Systems, Inc., Exact metrology Inc., FARO Technologies, Inc., Hexagon AB, Image Metrology A/S

The Global Metrology Software Market Report includes a comprehensive analysis of the present market. The report starts with the basic Metrology Software Market overview and then goes into each and every detail. Posted via Industry Today. Follow us on Twitter @IndustryToday

South America 3D Scanner Market 2018-2023: Major Players Profiled Include Nikon Metrology, Cruse Spezialmaschinen, Carl Zeiss, FARO Technologies and HP Development Co

DUBLIN, Sept. 6, 2018 /PRNewswire/ -- The "South America 3D Scanner Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering. South America 3D scanner market is projected to witness the growth at a CAGR of 9.38% during the forecast period to reach a ...

Short Range 3D Scanners Market by Top Manufacturers with Production-Artec 3D, 3D Digital Corp, Carl Zeiss Optotechnik, FARO Technologies, Hexagon Manufacturing Intelligence's and Others

ReportsWeb has announced the addition of the “Short Range 3D Scanners Market” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Posted via Industry Today. Follow us on Twitter @IndustryToday
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FARO Technologies Blogs

Interview with Oliver Burkler, a Product Manager at FARO: Part 2

Read part one of the interview here! You were part of the team who developed the first laser scanner for FARO, who were you developing it for? What was your reasoning behind it?  In the beginning, we developed the laser scanner for factory layout planners and architects. The first job we had was in …

Manufacturer streamlines workflows & improves quality

Ryan E. Day | Contributing Editor / Content-Marketing Coordinator | Quality Digest Originally published in Quality Digest on 06/20/2016 3D Measurement Technology and Application-Specific Software Provide Competitive Edge In the most basic terms of engine exhaust theory, more flow equates to more per…

FARO Arm Portfolio

The newest addition to the FARO Arm Portfolio has expanded its possibilities like never before. The portable 8th Axis allows the users such as car manufacturers to have greater efficiency when analysing car body panels or inspecting a body-in-white. Explore the whole FARO Arm Portfolio and its updat…

MX3D Bridge Project

MX3D is a startup from Amsterdam, three years ago they initiated an idea for a project. They ought to fully print a stainless steel bridge and now three years later this bridge will be connecting two river banks in the center of Amsterdam, the Oudezijds Achterburgwal. Explore their journey through t…

Checks and measures with BuildIT Construction

The BIM Industry is preparing for digital accountability. Read an article about traceable construction for designers, contractors, project managers and cost consultants of the future. Supported by a versatile BuildIT Construction software, BIM professionals will be able to continuously compare real-…

3D Laser Scanning for Augmented Reality

  Watch a video from Vizrt that perfectly explains how Augmented Reality can be used in broadcasting. A FARO laser scanner was used to capture a warehouse in 3D and implement it in a virtual studio.
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FARO Technologies Company Life and Culture

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FARO Technologies Frequently Asked Questions

  • When was FARO Technologies founded?

    FARO Technologies was founded in 1981.

  • How many employees does FARO Technologies have?

    FARO Technologies has 1,669 employees.

  • What is FARO Technologies revenue?

    Latest FARO Technologies annual revenue is $360.9 m.

  • What is FARO Technologies revenue per employee?

    Latest FARO Technologies revenue per employee is $216.2 k.

  • Who are FARO Technologies competitors?

    Competitors of FARO Technologies include Renishaw, Trimble and Keyence.

  • Where is FARO Technologies headquarters?

    FARO Technologies headquarters is located at 250 Technology Park, Lake Mary.

  • Where are FARO Technologies offices?

    FARO Technologies has offices in Lake Mary, Seo-gu, Haeundae-gu, Chengdu Shi and in 24 other locations.

  • How many offices does FARO Technologies have?

    FARO Technologies has 28 offices.