OverviewSuggest Edit

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.
TypePublic
Founded1981
HQLake Mary, US
Websitefaro.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2018)1,862(+12%)
Job Openings69
Revenue (FY, 2018)$403.6 M(+12%)
Share Price (Oct 2019)$47.3

Key People/Management at FARO Technologies

Michael Burger

Michael Burger

President, CEO
Jody Gale

Jody Gale

General Counsel, SVP, Corporate Secretary
Allen Muhich

Allen Muhich

CFO
Yazid Tohme

Yazid Tohme

Chief R&D Officer
Katrona Tyrrell

Katrona Tyrrell

Chief People Officer
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FARO Technologies Office Locations

FARO Technologies has offices in Lake Mary, Exton, Londonderry, Wixom and in 28 other locations
Lake Mary, US (HQ)
250 Technology Park
Exton, US
290 National Rd
Londonderry, US
B, 34 Londonderry Rd
Wixom, US
46998 Magellan Dr
South Brisbane, AU
1 12 Cordelia St
Jardim Belizário, BR
360 R. San José
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FARO Technologies Financials and Metrics

FARO Technologies Revenue

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FARO Technologies's revenue was reported to be $403.63 m in FY, 2018 which is a 11.8% increase from the previous period.
USD

Revenue (Q2, 2019)

93.5m

Gross profit (Q2, 2019)

52.3m

Gross profit margin (Q2, 2019), %

56%

Net income (Q2, 2019)

(6.4m)

EBIT (Q2, 2019)

(4.9m)

Market capitalization (17-Oct-2019)

819.4m

Closing stock price (17-Oct-2019)

47.3

Cash (30-Jun-2019)

120.6m

EV

701.5m
FARO Technologies's current market capitalization is $819.4 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

325.6m360.9m403.6m

Revenue growth, %

3%11%12%

Cost of goods sold

147.6m156.3m175.3m

Gross profit

178.0m204.6m228.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

81.6m82.7m90.3m92.8m98.2m99.7m93.6m93.5m

Cost of goods sold

37.8m35.9m38.2m39.0m40.6m47.4m38.6m41.2m

Gross profit

43.7m46.8m52.0m53.8m57.7m52.3m55.0m52.3m

Gross profit Margin, %

54%57%58%58%59%52%59%56%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

106.2m141.0m108.8m

Accounts Receivable

61.4m72.1m88.9m

Prepaid Expenses

16.3m16.3m28.8m

Inventories

51.9m53.8m65.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

105.9m117.6m129.8m138.8m133.6m115.1m110.7m120.6m

Accounts Receivable

60.6m58.8m60.4m71.6m71.6m75.4m76.2m74.4m

Prepaid Expenses

17.8m23.0m20.9m19.1m21.1m22.0m24.2m26.4m

Inventories

52.5m57.9m59.0m58.4m60.3m62.5m74.6m72.0m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

11.1m(14.5m)4.9m

Depreciation and Amortization

13.9m16.6m18.3m

Inventories

(6.7m)(10.9m)(20.5m)

Accounts Payable

534.0k1.1m11.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(1.5m)(5.1m)(3.5m)455.0k1.7m(828.0k)152.0k(6.3m)

Depreciation and Amortization

3.7m7.7m12.1m4.3m8.7m13.5m4.7m9.3m

Inventories

(2.5m)(10.1m)(11.4m)(5.2m)(6.7m)(12.1m)(10.9m)(9.7m)

Accounts Payable

(2.4m)1.6m(2.8m)(4.8m)(2.9m)569.0k(9.2m)(7.8m)
USDY, 2019

EV/EBIT

-143.4 x

EV/CFO

39.5 x

Financial Leverage

1.4 x
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FARO Technologies Operating Metrics

FARO Technologies's Customers was reported to be 15 k in FY, 2018. FARO Technologies's Backlog was reported to be $17.5m in FY, 2018.
FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019

New Bookings

$330.70 m$86.90 m$89 m$90.50 m$110.60 m$377 m$96.10 m$106.50 m$100.50 m$122.20 m$425.30 m$100.70 m$106.10 m

Backlog

$13.40 m$18 m$17.50 m

Customers

15 k15 k15 k

Trademarks

70 73 74
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FARO Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Dustin ForensicsNovember 15, 2019
Opto-Tech SrlJuly 16, 2018
Laser Projection TechAugust 29, 2016
kubitMarch 03, 2015
ARAS 360 TechnologiesFebruary 06, 2015
iQvolutionMarch 30, 2005$12 m
SpatialMetrixJanuary 18, 2002$1.90 m
3D Measurement Technologies, S de RL de CV
Antares-Desenvolvimento de Software, Lda.
Cam2 SRL
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FARO Technologies Revenue Breakdown

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FARO Technologies revenue breakdown by business segment: 23.8% from Construction BIM-CIM, 65.5% from Factory Metrology and 10.7% from Other

FARO Technologies revenue breakdown by geographic segment: 16.7% from Other Asia, 13.2% from Germany , 9.3% from Japan , 18.3% from Other Europe, 38.7% from United States and 3.7% from Other

FARO Technologies Online and Social Media Presence

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FARO Technologies News and Updates

LiDAR Market 2018 Global Analysis By Key Players – Teledyne Optech, Leica Geosystems, Trimble, Faro Technologies, Quantum Spatial, Geokno

WiseGuyReports.Com Publish a New Market Research Report On –“ LiDAR Market 2018 Global Analysis By Key Players – Teledyne Optech, Leica Geosystems, Trimble, Faro Technologies, Quantum Spatial, Geokno”. Posted via Industry Today. Follow us on Twitter @IndustryToday

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

FARO Technologies Blogs

Watson Towers ‘Scan’ the market for ‘Quantum’ Leap

Watson Towers ‘Scan’ the market for ‘Quantum’ Leap To enable the efficient completion of a challenging project in a nuclear plant, leading UK engineering and steel service provider, Watson Towers recently purchased a 3.5meter capacity version of FARO’s QuantumE ScanArm, fitted with a FAROBlu Laser L…

FARO solutions assist the industry shift to prefabrication

  How can FARO solutions assist the industry shift to prefabrication? In an interview with Udo Haedicke (FARO Product Manager), we look at the methods companies of all sizes can use to adopt prefabrication processes, what it means for people and the technology driving it. Prefabrication in the built…

Carefree Integration for Probing and Scanning

A versatile Software that provides scalability, high performance, and ease of use makes the measurement experience seamless.   Tested by the National Institute of Standards (NIST) and German Physikalisch-Technische Bundesanstalt…

Understanding Portable Measurement Arms

The World Relies on Measurement to Operate.   For hundreds of years this has been accomplished by the tools of the time — hand tools such as calipers and micrometers,…

FARO® INNOVATES IN 3D DESIGN

INTRODUCING FARO REVENG™ SOFTWARE Regardless of your application, FARO RevEng offers any level user the ability to improve the way users can capture and mesh objects. No limits for Reverse…

Scanning technology gives new perspective to Apollo 11 anniversary

Few accomplishments of human ingenuity and ambition in recent history captured our collective attention as completely as when we took our first steps on the moon, 50 years ago this…
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FARO Technologies Frequently Asked Questions

  • When was FARO Technologies founded?

    FARO Technologies was founded in 1981.

  • Who are FARO Technologies key executives?

    FARO Technologies's key executives are Michael Burger, Jody Gale and Allen Muhich.

  • How many employees does FARO Technologies have?

    FARO Technologies has 1,862 employees.

  • What is FARO Technologies revenue?

    Latest FARO Technologies annual revenue is $403.6 m.

  • What is FARO Technologies revenue per employee?

    Latest FARO Technologies revenue per employee is $216.8 k.

  • Who are FARO Technologies competitors?

    Competitors of FARO Technologies include Hexagon, Dassault Systemes and Renishaw.

  • 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, Exton, Londonderry, Wixom and in 28 other locations.

  • How many offices does FARO Technologies have?

    FARO Technologies has 33 offices.