FARO Technologies

FARO is the world’s most trusted source for 3D measurement technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and compound structures within production and quality assurance processes. 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. Worldwide, approximately 15,000 customers are operating more than 30,000 installations of FARO's systems. The Company's global headquarters is located in Lake Mary, Fla., its European head office in Stuttgart, Germany and its Asia/Pacific head office in Singapore. FARO has branches in Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Netherlands, India, China, Singapore, Malaysia, Vietnam, Thailand and Japan.
Company Growth (employees)
Type
Public
HQ
Lake Mary, US
Founded
1981
Size (employees)
1,485 (est)
Website
faro.com
FARO Technologies was founded in 1981 and is headquartered in Lake Mary, US

FARO Technologies Office Locations

FARO Technologies has offices in Lake Mary, Rugby, Warwick, Coventry and in 6 other locations
Lake Mary, US (HQ)
250 Technology Park
Rugby, GB
Butlers Leap
Show all (10)

FARO Technologies Data and Metrics

FARO Technologies Financial Metrics

FARO Technologies's revenue was reported to be $81.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

81.6 m

Gross profit (Q1, 2017)

43.7 m

Gross profit margin (Q1, 2017), %

54%

Net income (Q1, 2017)

(1.5 m)

EBIT (Q1, 2017)

(2 m)

Market capitalization (17-Aug-2017)

544.4 m

Cash (31-Mar-2017)

105.9 m
FARO Technologies's current market capitalization is $544.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

291.8 m341.8 m317.5 m325.6 m

Revenue growth, %

17%(7%)3%

Cost of goods sold

97.6 m115 m114 m147.6 m

Gross profit

194.2 m226.8 m203.6 m178 m

Gross profit Margin, %

67%66%64%55%

R&D expense

30.1 m

General and administrative expense

40.8 m

Operating expense total

131.7 m151.6 m154.6 m164.7 m

EBIT

30.2 m37.3 m13.1 m13.3 m

EBIT margin, %

10%11%4%4%

Interest expense

9 k8 k56 k48 k

Interest income

74 k96 k111 k212 k

Pre tax profit

37.5 m12.6 m

Income tax expense

7.4 m3.9 m(7 k)1.5 m

Net Income

21.5 m33.6 m12.8 m11.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

82.1 m82.2 m69.9 m83.8 m72.5 m75.7 m78.5 m79.6 m81.6 m

Cost of goods sold

36.5 m36.2 m30.3 m39.2 m37.6 m33.1 m34.6 m36.9 m37.8 m

Gross profit

45.5 m46 m39.6 m44.5 m34.9 m42.7 m43.9 m42.7 m43.7 m

Gross profit Margin, %

55%56%57%53%48%56%56%54%54%

R&D expense

6.7 m7.4 m6.4 m7.3 m5.8 m7.1 m7.3 m8 m8.5 m

General and administrative expense

8.9 m8.8 m9.8 m9.1 m8.2 m10.5 m10.2 m10.8 m10.7 m

Operating expense total

15.5 m16.2 m16.2 m16.3 m14.1 m17.6 m17.4 m18.7 m19.2 m

EBIT

8.4 m9 m1.9 m5.4 m(922 k)4.3 m4.5 m841 k(2 m)

EBIT margin, %

10%11%3%6%(1%)6%6%1%(2%)

Interest expense

1 k5 k7 k

Interest income

(22 k)(28 k)(19 k)(44 k)

Pre tax profit

5.4 m3.6 m4.3 m

Income tax expense

2.3 m(2.1 m)(96 k)1.2 m(176 k)543 k919 k(61 k)(471 k)

Net Income

11.3 m11.2 m664 k4.1 m(884 k)3.1 m3.4 m1.1 m(1.5 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

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

Accounts Receivable

66.3 m84 m69.9 m61.4 m

Inventories

14.6 m17 m18.5 m51.9 m

Current Assets

324.1 m340.5 m292.2 m286.2 m

PP&E

16.5 m29.3 m35.9 m31.7 m

Goodwill

19.4 m19.2 m26.4 m46.7 m

Total Assets

391.5 m425.5 m409.2 m423.7 m

Accounts Payable

14.9 m15.4 m11.3 m11.1 m

Current Liabilities

61 m67.2 m63 m66.6 m

Total Liabilities

84.1 m

Additional Paid-in Capital

191.9 m200.1 m207 m212.6 m

Retained Earnings

125.9 m159.5 m172.3 m183.4 m

Total Equity

316 m343.9 m327.6 m339.7 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

129.8 m116.9 m96.1 m90.6 m96 m120.3 m133.5 m121.3 m105.9 m

Accounts Receivable

66 m68.9 m62.3 m70 m63.8 m60.1 m56.8 m57.4 m60.6 m

Inventories

53.3 m56.5 m66.7 m68.9 m55.1 m48.6 m51.8 m55.2 m52.5 m

Current Assets

335 m329.1 m313.7 m318.8 m307.4 m299.3 m309.3 m295 m279.8 m

PP&E

17.9 m21.8 m30.1 m31.2 m33.7 m35.6 m33.4 m32.8 m31.4 m

Goodwill

19.2 m19.6 m25.8 m26.9 m26.6 m27.4 m27 m41.7 m47.4 m

Total Assets

406.9 m409.7 m414.5 m421.8 m423.1 m418.3 m423.3 m430.6 m427.2 m

Accounts Payable

13.9 m9.9 m11.2 m9.3 m12.5 m10.2 m10.8 m11.5 m12 m

Current Liabilities

60.1 m57.4 m55.6 m54.2 m59 m58.4 m62.1 m65.8 m65.5 m

Additional Paid-in Capital

196 m198.2 m203.6 m205 m206.5 m209 m209.7 m211.2 m214.7 m

Retained Earnings

137.2 m148.4 m160.2 m164.3 m163.4 m175.4 m178.8 m179.9 m181.7 m

Total Equity

331.4 m337 m341.2 m349 m346.1 m339.3 m341.6 m345.6 m344.2 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.5 m33.6 m12.8 m11.1 m

Depreciation and Amortization

7 m7.4 m11.2 m13.9 m

Accounts Receivable

(4.1 m)(25 m)9.6 m6.7 m

Inventories

(3.3 m)(22 m)(18 m)

Cash From Operating Activities

34.3 m5.7 m28 m37.6 m

Purchases of PP&E

(4.4 m)(18.7 m)(14.2 m)(7.7 m)

Cash From Investing Activities

(6.6 m)(21.1 m)(6.4 m)(37.1 m)

Cash From Financing Activities

6.3 m3.5 m(20.2 m)249 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.3 m11.2 m664 k4.1 m(884 k)3.1 m3.4 m1.1 m(1.5 m)

Depreciation and Amortization

3.7 m1.8 m2.5 m2.7 m2.8 m3.1 m3.3 m3.4 m3.7 m

Accounts Receivable

297 k68.9 m62.3 m70 m63.8 m60.1 m56.8 m57.4 m60.6 m

Accounts Payable

9.9 m11.2 m9.3 m12.5 m10.2 m10.8 m11.5 m12 m

Cash From Operating Activities

9.5 m

Purchases of PP&E

(4.6 m)

Cash From Investing Activities

(5.5 m)

Cash From Financing Activities

1.7 m
USDY, 2017

Revenue/Employee

54.9 k

Financial Leverage

1.2 x

FARO Technologies Operating Metrics

FARO Technologies's Customers was reported to be 15 k in FY, 2016. FARO Technologies's Backlog was reported to be $13.4 m in FY, 2016, which is a 47% increase from the previous period
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Patents and Patent Applications

800900920

Trademarks

216570

Manufacturing Facilities

555

Backlog

$14.1 m$9.1 m$13.4 m

Customers

15 k15 k15 k

New Bookings

$69.1 m$83.8 m$72.3 m$100.4 m$325.6 m$73.5 m$81.6 m$79.8 m$95.8 m$330.7 m$86.9 m

    FARO Technologies Market Value History

    FARO Technologies Revenue Breakdown

    Traffic Overview of FARO Technologies

    FARO Technologies Online and Social Media Presence

    FARO Technologies Company Life and Culture

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