$756.2 M

FARO Mkt cap, 14-Dec-2018

$99.7 M

FARO Technologies Revenue Q3, 2018
FARO Technologies Gross profit (Q3, 2018)52.3 M
FARO Technologies Gross profit margin (Q3, 2018), %52.5%
FARO Technologies Net income (Q3, 2018)-2.5 M
FARO Technologies EBIT (Q3, 2018)-2.7 M
FARO Technologies Cash, 30-Sep-2018115.1 M

FARO Technologies Revenue

FARO Technologies revenue was $360.92 m in FY, 2017 which is a 10.9% year over year increase from the previous period.

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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

FARO Technologies Income Statement

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

Gross profit Margin, %

67%66%64%55%57%

Sales and marketing expense

103.5m

R&D expense

30.1m35.4m

General and administrative expense

40.8m43.8m

Operating expense total

70.9m182.7m

Depreciation and amortization

16.6m

EBIT

30.2m37.3m13.1m13.3m5.3m

EBIT margin, %

10%11%4%4%1%

Interest expense

9.0k8.0k56.0k48.0k4.0k

Interest income

74.0k96.0k111.0k212.0k319.0k

Pre tax profit

37.5m12.6m5.8m

Income tax expense

7.4m3.9m(7.0k)1.5m20.3m

Net Income

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

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%

Sales and marketing expense

16.4m17.4m28.3m58.4m27.8m

R&D expense

5.9m5.4m6.7m7.4m6.4m7.3m5.8m7.1m7.3m8.0m8.5m9.0m9.0m9.4m19.4m10.0m

General and administrative expense

7.3m8.4m8.9m8.8m9.8m9.1m8.2m10.5m10.2m10.8m10.7m11.9m10.3m11.1m22.4m12.5m

Operating expense total

31.2m33.1m37.1m37.0m37.8m39.1m35.8m38.3m39.4m41.8m45.8m50.9m49.7m53.1m108.9m55.0m

Depreciation and amortization

4.3m8.7m4.7m

EBIT

7.6m7.0m8.4m9.0m1.9m5.4m(922.0k)4.3m4.5m841.0k(2.0m)(4.2m)2.4m693.0k2.6m(2.7m)

EBIT margin, %

11%9%10%11%3%6%(1%)6%6%1%(2%)(5%)3%1%1%(3%)

Interest expense

2.0k1.0k5.0k7.0k

Interest income

19.0k17.0k22.0k28.0k19.0k44.0k73.0k160.0k96.0k

Pre tax profit

6.8m5.4m3.6m4.3m582.0k2.1m

Income tax expense

1.8m1.8m2.3m(2.1m)(96.0k)1.2m(176.0k)543.0k919.0k(61.0k)(471.0k)(918.0k)947.0k127.0k427.0k(354.0k)

Net Income

5.0m5.0m6.3m11.2m664.0k4.1m(884.0k)3.1m3.4m1.1m(1.5m)(3.6m)1.6m455.0k1.7m(2.5m)

FARO Technologies Balance Sheet

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

PP&E

16.5m16.5m29.3m35.9m35.9m31.7m31.9m

Goodwill

19.4m19.4m19.2m26.4m26.4m46.7m52.8m

Total Assets

391.5m391.5m425.5m409.2m409.2m423.7m458.6m

Accounts Payable

14.9m14.9m15.4m11.3m11.3m11.1m11.6m

Short-term debt

8.0k8.0k27.4m29.7m

Current Liabilities

61.0m61.0m67.2m63.0m63.0m66.6m75.9m

Long-term debt

13.8m11.8m

Total Debt

8.0k8.0k41.2m41.5m

Total Liabilities

75.5m81.5m84.1m106.5m

Common Stock

18.0k18.0k

Additional Paid-in Capital

191.9m191.9m200.1m207.0m207.0m212.6m223.1m

Retained Earnings

125.9m125.9m159.5m172.3m172.3m183.4m168.6m

Total Equity

316.0m316.0m343.9m327.6m327.6m339.7m352.1m

Debt to Equity Ratio

0 x0.1 x0.1 x

Debt to Assets Ratio

0 x0.1 x0.1 x

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.3 x

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

PP&E

14.3m16.9m17.9m21.8m30.1m31.2m33.7m35.6m33.4m32.8m31.4m32.4m32.3m31.5m30.7m30.7m

Goodwill

19.1m19.3m19.2m19.6m25.8m26.9m26.6m27.4m27.0m41.7m47.4m51.4m52.6m54.5m53.6m66.2m

Total Assets

366.7m392.3m406.9m409.7m414.5m421.8m423.1m418.3m423.3m430.6m427.2m437.1m439.9m470.7m464.5m483.4m

Accounts Payable

8.9m10.4m13.9m9.9m11.2m9.3m12.5m10.2m10.8m11.5m12.0m12.7m12.0m11.1m11.8m16.4m

Short-term debt

4.0k6.0k8.0k8.0k

Current Liabilities

49.9m53.6m60.1m57.4m55.6m54.2m59.0m58.4m62.1m65.8m65.5m70.5m66.6m71.0m71.5m79.6m

Total Debt

4.0k6.0k8.0k8.0k

Total Liabilities

62.8m68.5m75.5m72.7m73.2m72.8m77.0m78.9m81.8m85.0m83.0m87.6m83.2m102.3m101.8m112.5m

Additional Paid-in Capital

188.4m194.8m196.0m198.2m203.6m205.0m206.5m209.0m209.7m211.2m214.7m216.5m218.2m231.2m233.8m249.3m

Retained Earnings

117.6m130.8m137.2m148.4m160.2m164.3m163.4m175.4m178.8m179.9m181.7m178.1m179.7m171.4m172.6m170.2m

Total Equity

303.9m323.8m331.4m337.0m341.2m349.0m346.1m339.3m341.6m345.6m344.2m349.5m356.7m368.3m362.7m371.0m

Debt to Equity Ratio

0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.3 x1.2 x1.3 x1.3 x1.3 x

FARO Technologies Cash Flow

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

Accounts Receivable

(4.1m)(25.0m)9.6m6.7m(6.8m)

Inventories

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

Accounts Payable

534.0k1.1m

Cash From Operating Activities

34.3m5.7m28.0m37.6m10.4m

Purchases of PP&E

(4.3m)(18.7m)(14.2m)(7.7m)(9.0m)

Cash From Investing Activities

(6.6m)(21.1m)(6.4m)(37.1m)15.1m

Long-term Borrowings

(8.0k)(108.0k)

Cash From Financing Activities

6.3m3.5m(20.2m)249.0k3.0m

Net Change in Cash

(1.2m)34.8m

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

Accounts Receivable

9.0m1.9m297.0k68.9m62.3m70.0m63.8m60.1m56.8m57.4m60.6m4.8m3.7m1.8m252.0k(1.9m)

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

Cash From Operating Activities

24.2m(823.0k)9.5m(4.4m)(768.0k)(4.0m)7.0k4.9m

Purchases of PP&E

(1.9m)(2.1m)(4.6m)(3.7m)(6.1m)(2.2m)(5.2m)(6.9m)

Cash From Investing Activities

(3.7m)(2.5m)(5.5m)11.2m19.1m(6.9m)(12.1m)(47.0m)

Cash From Financing Activities

4.0m1.6m1.7m280.0k(140.0k)6.7m7.1m20.2m

FARO Technologies Ratios

USDY, 2018

Financial Leverage

1.3 x
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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 $13.4m in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Backlog

$14.10 m$9.10 m$13.40 m

Customers

15 k15 k15 k

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 Employee Rating

3.0132 votes
Culture & Values
2.6
Work/Life Balance
2.7
Senior Management
2.3
Salary & Benefits
3.2
Career Opportunities
2.5
Source