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 Financials and Metrics

FARO Technologies Financials

FARO Technologies's revenue was reported to be $325.6 m in FY, 2016
USD

Revenue (Q3, 2017)

90.3 m

Gross profit (Q3, 2017)

52 m

Gross profit margin (Q3, 2017), %

58%

Net income (Q3, 2017)

1.6 m

EBIT (Q3, 2017)

2.4 m

Market capitalization (13-Dec-2017)

823 m

Cash (30-Sep-2017)

129.8 m
FARO Technologies's current market capitalization is $823 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

57%55%55%56%57%53%48%56%56%54%54%57%58%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

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

Accounts Receivable

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

Inventories

49 m50.2 m53.3 m56.5 m66.7 m68.9 m55.1 m48.6 m51.8 m55.2 m52.5 m57.9 m59 m

Current Assets

304.6 m323 m335 m329.1 m313.7 m318.8 m307.4 m299.3 m309.3 m295 m279.8 m279.2 m281.2 m
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

13.2 m5 m11.3 m11.2 m664 k4.1 m(884 k)3.1 m3.4 m1.1 m(1.5 m)

Depreciation and Amortization

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

Accounts Receivable

9 m1.9 m297 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
USDY, 2017

Revenue/Employee

60.8 k

Financial Leverage

1.2 x
Show all financial metrics

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
Show all operating metrics

FARO Technologies Market Value History

FARO Technologies Revenue Breakdown

FARO Technologies's Web-traffic and Trends

FARO Technologies Online and Social Media Presence

FARO Technologies Company Life and Culture

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