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FARO

FARO - FARO Technologies Inc Stock Price, Fair Value and News

18.68USD+0.36 (+1.97%)Market Closed

Market Summary

FARO
USD18.68+0.36
Market Closed
1.97%

FARO Stock Price

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FARO RSI Chart

FARO Valuation

Market Cap

354.3M

Price/Earnings (Trailing)

-6.26

Price/Sales (Trailing)

0.99

EV/EBITDA

-7.17

Price/Free Cashflow

-61.71

FARO Price/Sales (Trailing)

FARO Profitability

Operating Margin

56.10%

EBT Margin

-15.07%

Return on Equity

-21.06%

Return on Assets

-11.21%

Free Cashflow Yield

-1.62%

FARO Fundamentals

FARO Revenue

Revenue (TTM)

358.8M

Rev. Growth (Yr)

-4.83%

Rev. Growth (Qtr)

13.85%

FARO Earnings

Earnings (TTM)

-56.6M

Earnings Growth (Yr)

171.07%

Earnings Growth (Qtr)

118.14%

Breaking Down FARO Revenue

Last 7 days

-4.9%

Last 30 days

-12.5%

Last 90 days

-10.0%

Trailing 12 Months

-20.7%

How does FARO drawdown profile look like?

FARO Financial Health

Current Ratio

2.31

FARO Investor Care

Shares Dilution (1Y)

1.01%

Diluted EPS (TTM)

-2.99

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023354.1M362.4M363.9M358.8M
2022338.1M335.9M342.1M345.8M
2021300.6M322.1M330.6M337.8M
2020367.7M334.7M315.0M303.8M
2019404.4M399.7M390.5M381.8M
2018372.2M387.8M397.2M403.6M
2017331.4M335.5M346.2M360.9M
2016323.4M318.1M325.2M325.6M
2015338.4M340.1M330.4M317.5M
2014299.8M313.5M327.6M341.8M
2013273.5M275.1M282.6M291.8M
2012266.8M273.9M269.8M273.4M
2011202.1M216.1M235.6M254.2M
2010158.7M169.7M180.8M191.8M
2009000147.7M

Tracking the Latest Insider Buys and Sells of FARO Technologies Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 13, 2024
horwath matthew
sold
-15,606
20.06
-778
svp & chief financial officer
Mar 13, 2024
sexton jeffrey d
sold
-30,090
20.06
-1,500
senior vp of global sales
Mar 01, 2024
lau peter james
acquired
-
-
41,348
president and ceo
Mar 01, 2024
horwath matthew
acquired
-
-
14,382
svp & chief financial officer
Mar 01, 2024
sexton jeffrey d
acquired
-
-
10,787
vice president of global sales
Feb 01, 2024
wasserman yuval
acquired
-
-
13,749
executive chairman
Nov 09, 2023
davern alexander m
bought
272,645
17.168
15,881
-
Nov 08, 2023
davern alexander m
bought
69,821
16.951
4,119
-
Nov 07, 2023
davern alexander m
bought
172,360
17.236
10,000
-
Nov 01, 2023
wasserman yuval
acquired
-
-
31,721
executive chairman

1–10 of 50

Which funds bought or sold FARO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
ARK Investment Management LLC
reduced
-17.81
-1,385,760
5,050,550
0.04%
Apr 18, 2024
Allspring Global Investments Holdings, LLC
new
-
516
516
-%
Apr 18, 2024
FARMERS & MERCHANTS INVESTMENTS INC
unchanged
-
-12.00
258
-%
Apr 16, 2024
Moisand Fitzgerald Tamayo, LLC
unchanged
-
-3,060
64,530
0.01%
Apr 15, 2024
EXCHANGE TRADED CONCEPTS, LLC
sold off
-100
-10,321,800
-
-%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
unchanged
-
-110
2,323
-%
Apr 05, 2024
GAMMA Investing LLC
unchanged
-
-124
2,366
-%
Apr 05, 2024
CWM, LLC
reduced
-0.19
-1,000
11,000
-%
Apr 03, 2024
Versant Capital Management, Inc
unchanged
-
-146
3,076
-%
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-2.81
17,554
57,655
-%

1–10 of 49

Are Funds Buying or Selling FARO?

Are funds buying FARO calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FARO
No. of Funds

Unveiling FARO Technologies Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
divisar capital management llc
8.1%
1,534,758
SC 13G/A
Feb 13, 2024
vanguard group inc
8.05%
1,525,424
SC 13G/A
Jan 25, 2024
blackrock inc.
8.1%
1,534,883
SC 13G/A
Jul 07, 2023
blackrock inc.
8.6%
1,625,454
SC 13G/A
Jun 15, 2023
divisar capital management llc
5.3%
1,001,446
SC 13G
Feb 09, 2023
vanguard group inc
11.87%
2,230,070
SC 13G/A
Jan 27, 2023
royce & associates lp
4.67%
876,422
SC 13G/A
Jan 26, 2023
blackrock inc.
17.5%
3,291,903
SC 13G/A
Jan 20, 2023
blackrock inc.
17.5%
3,291,903
SC 13G/A
Feb 10, 2022
vanguard group inc
10.91%
1,985,479
SC 13G/A

Recent SEC filings of FARO Technologies Inc

View All Filings
Date Filed Form Type Document
Mar 27, 2024
144
Notice of Insider Sale Intent
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
8-K
Current Report
Mar 13, 2024
144
Notice of Insider Sale Intent
Mar 13, 2024
144
Notice of Insider Sale Intent
Mar 13, 2024
144
Notice of Insider Sale Intent
Mar 05, 2024
4
Insider Trading
Mar 05, 2024
4
Insider Trading
Mar 05, 2024
4
Insider Trading

Peers (Alternatives to FARO Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
385.7B
-7.69% -1.03%
25.24
6.6
-0.47% 6.03%
66.1B
12.6B
-1.70% 42.82%
34.29
5.27
-0.54% 1.35%
27.9B
6.1B
-7.46% 19.85%
32.25
4.6
4.11% 14.65%
26.7B
12.6B
-4.35% -8.03%
44.49
2.12
-11.28% -55.18%
11.4B
29.4B
-0.11% 30.32%
15.15
0.39
-1.12% -8.06%
MID-CAP
6.6B
837.5M
-6.54% -20.52%
58.31
7.88
-16.75% -47.46%
6.5B
33.1B
2.42% 7.82%
7.24
0.2
-10.82% -36.63%
5.2B
740.8M
12.10% 32.38%
50.71
7
25.07% 42.99%
4.2B
25.6B
-0.62% 12.64%
6.3
0.16
-2.73% -21.96%
2.6B
968.8M
-0.16% 3.23%
28.02
2.69
9.35% 8.73%
SMALL-CAP
1.7B
2.9B
-3.78% 47.10%
19.88
0.58
-8.78% -6.67%
1.1B
2.8B
3.57% 35.56%
16.48
0.37
-1.64% -5.74%
262.2M
1.0B
-26.61% -62.25%
-4.93
0.26
-8.05% -284.36%
26.6M
26.9M
-0.54% -30.94%
19.39
0.96
3.62% -35.71%
3.4M
56.7M
3157.14% -76.73%
0
3e-4
-41.04% -726.48%

FARO Technologies Inc News

Latest updates
Defense World15 Apr 202409:26 am
Yahoo Movies UK11 Apr 202406:33 am
Admiral Markets29 Mar 202407:00 am
Investing.com15 Mar 202407:00 am
American Banking and Market News12 Mar 202407:00 am
Seeking Alpha28 Feb 202408:00 am

FARO Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue13.9%98,840,00086,813,00088,211,00084,967,000103,859,50085,332,00079,917,00076,656,000100,204,00079,169,00082,110,00076,331,00092,953,00070,736,00060,564,00079,515,000104,141,00090,516,00093,491,00093,617,000112,844,000
Gross Profit20.7%50,286,00041,674,00033,323,00039,716,00051,035,00043,265,00040,437,00041,026,00055,707,00042,331,00045,482,00040,407,00050,780,00036,298,00028,896,00043,873,00043,601,00050,772,00050,741,00053,018,00062,841,000
Operating Expenses0.7%48,930,00048,600,00058,673,00058,332,00052,683,50050,392,00049,393,00048,218,00051,845,00047,540,00046,133,00046,845,00048,088,00041,156,00040,858,00060,427,00091,809,00056,663,00055,633,00052,661,00055,306,500
  S&GA Expenses3.8%39,429,00037,970,00038,561,00041,376,00037,923,00037,226,00036,018,00035,490,00035,859,00033,433,00033,594,00033,348,00035,304,00030,163,00030,036,00036,324,00045,470,00045,880,00045,007,00041,020,00082,360,000
  R&D Expenses12.8%9,238,0008,188,00011,662,00012,718,00012,659,00012,586,00012,042,00012,128,00012,297,00012,731,00011,760,00011,973,00011,541,00010,754,00010,186,00010,415,00011,126,00010,783,00010,626,00011,641,00013,448,500
EBITDA Margin-0.3%-0.11-0.11-0.10-0.05-0.02-0.01-0.010.010.010.010.02-0.02---------
Income Taxes-254.3%-2,346,0001,520,0001,400,0001,933,000736,000586,0001,300,0002,500,00035,091,000-1,700,000-397,000-1,612,000-24,045,500-1,739,000-3,400,000-2,238,0001,577,000-182,000-417,000155,0001,000,000
Earnings Before Taxes89.4%-766,000-7,236,000-26,829,000-19,231,000-1,481,500-5,675,000-7,308,000-7,187,0003,358,000-5,513,000-1,573,000-4,833,0003,342,000-4,763,000-12,291,000-17,061,000-48,118,000-6,381,000-6,822,000307,0005,313,000
EBT Margin-0.1%-0.15-0.15-0.15-0.10-0.06-0.05-0.05-0.03-0.03-0.03-0.02-0.06---------
Net Income118.1%1,588,000-8,756,000-28,245,000-21,164,000-2,234,500-6,261,000-8,574,000-9,687,000-31,712,000-3,855,000-1,176,000-3,221,00027,408,000-3,024,000-8,932,000-14,823,000-49,695,000-6,199,000-6,405,000152,0005,758,000
Net Income Margin5.0%-0.16-0.17-0.16-0.11-0.08-0.16-0.16-0.14-0.120.060.060.04---------
Free Cashflow432.0%16,854,000-5,077,0002,513,000-20,032,000-8,093,000-16,393,0002,738,000-9,479,000-95,000-6,035,000-2,548,000-11,833,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets4.0%505485502529473445443468480501504500526452453470487508523518506
  Current Assets6.5%262246257276219209242261273269272304324285296308322307318311317
    Cash Equivalents-3.9%77.0080.0068.0069.0038.0049.00102107122126133170186164174157134119121111109
  Inventory-13.9%35.0040.0042.0051.0050.0051.0044.0054.0053.0056.0051.0047.0047.0050.0053.0055.0059.0070.0072.0075.0065.00
  Net PPE--------------23.0023.0025.0027.0028.0030.0031.0030.00
  Goodwill2.5%11010710910810710180.0082.0082.0081.0082.0056.0058.0056.0049.0049.0050.0070.0071.0071.00-
Liabilities4.5%236226231232162146145151153144146149165138145153155141149142130
  Current Liabilities7.4%11310510810510695.0094.0098.0099.0092.0093.0093.0010893.0010110610692.0010193.0098.00
Shareholder's Equity3.7%269259271296311299298317326357357351360313309317332368374377377
  Retained Earnings14.0%-9.79-11.38-2.6226.0047.0049.0055.0064.0074.0010510911011486.0089.0098.00113163169175175
  Additional Paid-In Capital1.7%346340337332328325306303301298294292288277273271268261256253251
Accumulated Depreciation------------------81.0080.0076.0073.00
Shares Outstanding0.1%19.0019.0019.0019.0019.0018.0018.0018.0018.0018.0018.0018.00---------
Float---299---559---1,405---945---896--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations526.6%18,655-4,3735,137-18,344-6,700-14,8963,777-7,0372,095-3,262-2,023-10,28610,578-5,248-25116,3159,0025,72211,9345,8101,458
  Share Based Compensation50.5%5,5573,6924,9503,6343,2933,6663,4912,8672,7993,2803,2832,0941,8862,0832,1672,1782,3683,3872,7522,5641,903
Cashflow From Investing-231.0%-23,40317,865-4,420-23,532-6,697-34,171-3,975-5,054-5,054-2,926-35,323-2,437-2,179-7,35115,6297,808-836-3,580-2,854-2,072-8,739
Cashflow From Financing131.9%306-959-35272,280759-475-307-974113250-4771,6969,2125611461,1394,678-1,29344.00-1,186-369

FARO Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Sales   
Sales$ 358,831$ 345,765$ 337,814
Cost of sales   
Total cost of sales193,832170,002153,887
Gross profit164,999175,763183,927
Operating expenses   
Selling, general and administrative157,336146,657136,234
Research and development41,80649,41548,761
Restructuring costs15,3934,6147,368
Total operating expenses214,535200,686192,363
Loss from operations(49,536)(24,923)(8,436)
Other (income) expense   
Interest expense (income)3,348(36)55
Other expense (income), net1,178(3,236)70
Loss before income tax(54,062)(21,651)(8,561)
Income tax expense2,5155,10531,403
Net loss$ (56,577)$ (26,756)$ (39,964)
Net loss per share - Basic (in dollars per share)$ (2.99)$ (1.46)$ (2.20)
Net loss per share - Diluted (in dollars per share)$ (2.99)$ (1.46)$ (2.20)
Weighted average shares - Basic (in shares)18,917,77818,318,19118,187,946
Weighted average shares - Diluted (in shares)18,917,77818,318,19118,187,946
Product   
Sales   
Sales$ 278,572$ 265,280$ 251,103
Cost of sales   
Total cost of sales150,472123,836109,024
Service   
Sales   
Sales80,25980,48586,711
Cost of sales   
Total cost of sales$ 43,360$ 46,166$ 44,863

FARO Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 76,787$ 37,812
Short-term investments19,4960
Accounts receivable, net92,02890,326
Inventories, net34,52950,026
Prepaid expenses and other current assets38,76841,201
Total current assets261,608219,365
Non-current assets:  
Property, plant and equipment, net21,18119,720
Operating lease right-of-use asset12,23118,989
Goodwill109,534107,155
Intangible assets, net47,89148,978
Service and sales demonstration inventory, net23,14730,904
Deferred income tax assets, net25,02724,192
Other long-term assets4,0734,044
Total assets504,692473,347
Current liabilities:  
Accounts payable27,40427,286
Accrued liabilities29,93023,345
Income taxes payable5,6996,767
Current portion of unearned service revenues40,55536,407
Customer deposits4,2516,725
Lease liability5,4345,709
Total current liabilities113,273106,239
Loan - 5.50% Convertible Senior Notes72,7600
Unearned service revenues - less current portion20,25620,947
Lease liability - less current portion10,83714,649
Deferred income tax liabilities13,30811,708
Income taxes payable - less current portion5,6298,706
Other long-term liabilities2349
Total liabilities236,086162,298
Commitments and contingencies - See Note 12
Shareholders’ equity:  
Common stock - par value $0.001, 50,000,000 shares authorized; 20,343,359 and 20,156,233 issued; 18,968,798 and 18,780,013 outstanding, respectively2020
Additional paid-in capital346,277328,227
(Accumulated deficit) Retained earnings(9,789)46,788
Accumulated other comprehensive loss(37,247)(33,331)
Common stock in treasury, at cost - 1,376,220 and 1,376,220 shares held, respectively(30,655)(30,655)
Total shareholders’ equity268,606311,049
Total liabilities and shareholders’ equity$ 504,692$ 473,347
FARO
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. It offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. The company also provides GeoSLAM ZEB Handheld 3D laser scanners; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. The company was founded in 1981 and is headquartered in Lake Mary, Florida.
 CEO
 WEBSITEfaro.com
 INDUSTRYConsumer Electronics
 EMPLOYEES1490

FARO Technologies Inc Frequently Asked Questions


What is the ticker symbol for FARO Technologies Inc? What does FARO stand for in stocks?

FARO is the stock ticker symbol of FARO Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of FARO Technologies Inc (FARO)?

As of Fri Apr 19 2024, market cap of FARO Technologies Inc is 354.35 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FARO stock?

You can check FARO's fair value in chart for subscribers.

What is the fair value of FARO stock?

You can check FARO's fair value in chart for subscribers. The fair value of FARO Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of FARO Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FARO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is FARO Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether FARO is over valued or under valued. Whether FARO Technologies Inc is cheap or expensive depends on the assumptions which impact FARO Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FARO.

What is FARO Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, FARO's PE ratio (Price to Earnings) is -6.26 and Price to Sales (PS) ratio is 0.99. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FARO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on FARO Technologies Inc's stock?

In the past 10 years, FARO Technologies Inc has provided -0.092 (multiply by 100 for percentage) rate of return.