OverviewSuggest Edit

FARO is a company that develops and markets computer-aided measurement and imaging devices and software. Its solutions 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 Ratings2.8
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2019)1,818(-2%)
Job Openings52
Revenue (FY, 2019)$381.8 M(-5%)
Share Price (Nov 2020)$64.6
Cybersecurity ratingCMore

Key People/Management at FARO Technologies

Michael D. Burger

Michael D. Burger

President and Chief Executive Officer, Director
Allen Muhich

Allen Muhich

Chief Financial Officer
Katrona Tyrrell

Katrona Tyrrell

Chief People Officer
Yazid Tohme

Yazid Tohme

Chief R&D Officer
John Donofrio

John Donofrio

Chairman of the Board
Stephen Cole

Stephen Cole

Director
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FARO Technologies Office Locations

FARO Technologies has offices in Lake Mary, Exton, South Brisbane, San José and in 22 other locations
Lake Mary, US (HQ)
250 Technology Park
Exton, US
290 National Rd
South Brisbane, AU
1 12 Cordelia St
San José, BR
R. San José, 360 - Parque Industrial San José
Beijing, CN
Unit 1001-1003, East Ocean Center, 24A Jianguomen Wai Street
Chengdu Shi, CN
Ren Heng Zhi Di Guang Chang, Jinjiang Qu
Show all (29)

FARO Technologies Financials and Metrics

FARO Technologies Revenue

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FARO Technologies's revenue was reported to be $381.77 m in FY, 2019 which is a 5.4% decrease from the previous period.
USD

Revenue (Q3, 2020)

48.1m

Gross profit (Q3, 2020)

25.7m

Gross profit margin (Q3, 2020), %

53.4%

Market capitalization (13-Nov-2020)

1.1b

Closing stock price (13-Nov-2020)

64.6

Cash (30-Sept-2020)

163.6m
FARO Technologies's current market capitalization is $1.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

360.9m403.6m381.8m

Revenue growth, %

11%12%(5%)

Cost of goods sold

156.3m175.3m183.6m

Gross profit

204.6m228.3m198.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

92.8m98.2m99.7m93.6m93.5m90.5m79.5m60.6m48.1m

Cost of goods sold

39.0m40.6m47.4m38.6m41.2m39.7m35.6m31.7m22.4m

Gross profit

53.8m57.7m52.3m55.0m52.3m50.8m43.9m28.9m25.7m

Gross profit Margin, %

58%59%52%59%56%56%55%48%53%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

141.0m108.8m133.6m

Accounts Receivable

72.1m88.9m76.2m

Prepaid Expenses

16.3m28.8m29.0m

Inventories

53.8m65.4m58.6m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(14.5m)4.9m(62.1m)

Depreciation and Amortization

16.6m18.3m18.5m

Inventories

(10.9m)(20.5m)(4.1m)

Accounts Payable

1.1m11.2m(2.5m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

455.0k1.7m(828.0k)152.0k(6.3m)(12.5m)(14.8m)(23.8m)(26.8m)

Depreciation and Amortization

4.3m8.7m13.5m4.7m9.3m14.2m3.8m7.2m10.6m

Inventories

(5.2m)(6.7m)(12.1m)(10.9m)(9.7m)(9.5m)1.8m892.0k5.1m

Accounts Payable

(4.8m)(2.9m)569.0k(9.2m)(7.8m)(13.4m)4.8m(1.4m)
USDFY, 2017

EV/EBIT

121.6 x

EV/CFO

62.5 x

Revenue/Employee

216.2k

Financial Leverage

1.3 x

P/E Ratio

(54.0)
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FARO Technologies Operating Metrics

FARO Technologies's Customers was reported to be 14 k in FY, 2019. FARO Technologies's Backlog was reported to be $28m in FY, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 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$94.80 m

Backlog

$13.40 m$18 m$17.50 m$28 m

Customers

15 k15 k15 k14 k

Trademarks

70 73 74 83
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FARO Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Dustin ForensicsNovember 15, 2019
Opto-Tech SrlJuly 16, 2018
Open Technologies SRLJuly 13, 2018$21.60 m
LanmarkJuly 06, 2018$6.30 m
Photocore AGMarch 16, 2018$2.40 m
Laser Control Systems Limited.March 09, 2018$1.70 m
NutfieldApril 30, 2017$5.50 m
Laser Projection TechAugust 29, 2016
kubitMarch 03, 2015
ARAS 360 TechnologiesFebruary 06, 2015
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FARO Technologies Revenue Breakdown

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FARO Technologies revenue breakdown by business segment: 24.1% from Service and 75.9% from Product

FARO Technologies revenue breakdown by geographic segment: 8.6% from China, 7.2% from Other Asia, 13.6% from Germany , 8.7% from Japan , 18.4% from Other Europe, 39.7% from United States and 3.7% from Other

FARO Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

FARO Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

FARO Technologies Online and Social Media Presence

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FARO Technologies Company Culture

  • Overall Culture

    D+

    60/100

  • CEO Rating

    D+

    65/100

  • Compensation

    D

    50/100

  • Diversity

    D

    56/100

Learn more on Comparably

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

Faroarm Quest

The post Faroarm Quest appeared first on FARO Europe Blogs.

FARO® 2019 Highlights

We would like to thank our readers for your support in 2019 and wish you all a very Happy Holiday and a Happy New Year.   2019 has been filled with many great FARO technology developments and achievements which have been shared throughout the year in our Blog, Media Centre and Website. See below som…

Metal Assemblies ‘Scan’ the market and choose FARO®

Quality Control Metal Assemblies are located at the heart of the UK’s traditional industrial area in the West Midlands, where they produce high-quality stampings and assemblies for customers mainly involved in the global automotive industry. The company’s modern manufacturing facilities enable a wid…

Smart Factory Webinar series

The fourth industrial revolution is about digitising the industrial processes in order to increase speed, reduce errors, and save overall costs. As industries are adapting to the Industry 4.0 style and becoming “smarter”, the need for automation is increasing. Production processes are similar across…

How to use RevEng Software in just 5 minutes

  Stop your daily business activities just for five minutes, and think…   …how long it takes you to CAPTURE points. …how long it takes you to PROCESS meshes. …how long it takes you to CREATE 3D models. …how long it takes to LEARN to use a new Software.   Watch the video and discover…
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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 D. Burger, Allen Muhich and Katrona Tyrrell.

  • How many employees does FARO Technologies have?

    FARO Technologies has 1,818 employees.

  • What is FARO Technologies revenue?

    Latest FARO Technologies annual revenue is $381.8 m.

  • What is FARO Technologies revenue per employee?

    Latest FARO Technologies revenue per employee is $210 k.

  • Who are FARO Technologies competitors?

    Competitors of FARO Technologies include ESI Group, Autodesk and Hexagon.

  • 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, South Brisbane, San José and in 22 other locations.

  • How many offices does FARO Technologies have?

    FARO Technologies has 29 offices.