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FARO

30.42USD-1.21(-3.83%)Market Closed

FARO Technologies Inc

Market Summary

USD30.42-1.21Market Closed
-3.83%

FARO Alerts

FARO Stock Price

RSI Chart

Valuation

Market Cap

535.6M

Price/Earnings

-9.95

Price/Sales

1.59

Price/Cashflow

-120.98

MarketCap/EBT

-32.17

Price/Sales

Profitability

EBT Margin

-4.96%

Return on Equity

-18.04%

Return on Assets

-12.15%

Fundamentals

Revenue

Revenue (TTM)

342.1M

Revenue Y/Y

7.78%

Revenue Q/Q

6.78%

Earnings

Earnings (TTM)

-56.2M

Earnings Y/Y

-62.41%

Earnings Q/Q

26.98%

Price Action

52 Week Range

25.2073.51
(Low)(High)

Last 7 days

-2.5%

Last 30 days

12.4%

Last 90 days

-8.6%

Trailing 12 Months

-58.2%

Financial Health

Current Ratio

2.57

Investor Care

Shares Dilution (1Y)

3.16%

Diluted EPS (TTM)

-3.08

Peers (Alternatives to FARO Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
45.5B
12.4B
9.77% -3.91%
24.44
3.66
20.78% 25.42%
31.8B
5.3B
0.77% -11.54%
28.69
6.03
8.30% 33.53%
14.9B
3.7B
0.88% -32.11%
28.82
3.97
5.14% -14.04%
14.9B
5.7B
-0.47% -54.53%
30.01
2.57
5.07% -44.62%
MID-CAP
8.2B
1.1B
6.70% -37.39%
31.58
7.52
10.49% -14.99%
6.7B
1.3B
10.67% -16.39%
33.47
5.32
-2.14% -40.66%
6.6B
1.5B
9.93% -44.73%
57.31
4.28
17.26% 172.45%
5.7B
3.9B
-21.15% -32.16%
24.2
1.71
21.85% -62.67%
3.3B
554.0M
8.09% 9.45%
49.28
5.89
14.99% 16.81%
2.2B
1.9B
12.68% -19.32%
-23.02
1.19
-9.38% -297.41%
SMALL-CAP
1.6B
2.5B
3.22% 10.11%
21.09
0.66
13.87% 14.08%
1.5B
1.2B
14.25% -4.17%
15.83
1.29
-2.25% -27.62%
535.6M
342.1M
12.36% -58.17%
-9.95
1.59
3.49% -393.56%
90.7M
51.2M
101.02% 9.24%
-2.43
1.62
25.97% -8.06%
69.6M
22.2M
0.47% -22.51%
18.86
3.14
5.94% -39.53%

Financials for FARO Tech

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.8%342336338338331
Gross Profit0.5%180180185184179
Operating Expenses1.4%200197194192189
  S&GA Expenses2.7%145141138136136
  R&D Expenses-0.3%4949494948
Earnings Before Taxes-1.0%-16.81-16.65-10.91-8.56-8.58
Net Income-4.5%-56.23-53.83-46.43-39.9619
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.5%445443468480501
  Current Assets-13.9%209242261273269
    Cash Equivalents-52.4%49102107122126
  Inventory15.6%5144545356
  Net PPE-22----
  Goodwill27.2%10180828281
Liabilities0.8%146145151153144
  Current Liabilities0.7%9594989992
Shareholder's Equity0.4%299298317326357
  Retained Earnings-11.3%49556474105
  Additional Paid-In Capital6.2%325306303301298
Accumulated Depreciation-94----
Shares Outstanding2.7%1918201819
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-262.8%-16.06-4.43-10.23-13.48-4.99
  Share Based Compensation3.1%1312121111
Cashflow From Investing-183.7%-48.25-17.01-48.36-45.74-42.86
Cashflow From Financing-79.0%-1.64-0.92-1.09211

Risks

What is the probability of a big loss on FARO?

90.4%


Probability that FARO Tech stock will be more than 20% underwater in next one year

63.5%


Probability that FARO Tech stock will be more than 30% underwater in next one year.

49.2%


Probability that FARO Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FARO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FARO Tech was unfortunately bought at previous high price.

Returns

Cumulative Returns on FARO

-1.1%


10-Year Cumulative Returns

0.5%


7-Year Cumulative Returns

-9.9%


5-Year Cumulative Returns

-14.4%


3-Year Cumulative Returns

What are the long-term rolling returns for FARO?

FIve years rolling returns for FARO Tech.

Which funds bought or sold FARO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
131,000
131,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.18
-86,000
629,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-41,000
-
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
-15,000
124,000
-%
2022-11-15
JACOBS LEVY EQUITY MANAGEMENT, INC
NEW
-
4,655,000
4,655,000
0.04%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
NEW
-
333,000
333,000
-%
2022-11-15
BNP PARIBAS ARBITRAGE, SNC
ADDED
54.18
69,841
257,442
-%
2022-11-15
STATE STREET CORP
ADDED
2.06
-2,216,000
21,952,000
-%
2022-11-15
Almanack Investment Partners, LLC.
NEW
-
1,000
1,000
-%
2022-11-15
State of Tennessee, Treasury Department
UNCHANGED
-
-
211,000
-%

1–10 of 48

Latest Funds Activity

Are funds buying FARO calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own FARO

FARO Tech News

Washington Free Beacon

China Tightens Security Following Nationwide Protests Against COVID Lockdown.5 hours ago

FARO Fair Value

Recent SEC filings of FARO Tech

View All Filings
Date Filed Form Type Document
Nov 04, 2022
S-3/A
S-3/A
Nov 04, 2022
EFFECT
EFFECT
Nov 04, 2022
424B5
Prospectus Filed
Nov 04, 2022
3
Insider Trading
Nov 02, 2022
8-K
Current Report
Nov 02, 2022
10-Q
Quarterly Report
Oct 31, 2022
8-K
Current Report
Sep 02, 2022
S-3
S-3
Sep 02, 2022
8-K
Current Report

Latest Insider Trading transactions for FARO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-07-26
MUHICH ALLEN L.
SOLD (Taxes)
-31,661.6
30.98
-1,022
Chief Financial Officer
2022-07-26
MUHICH ALLEN L.
ACQUIRED
-
-
3,147
Chief Financial Officer
2022-07-25
Ramanathan Rajani
ACQUIRED
-
-
3,189
-
2022-06-17
BURGER MICHAEL D
ACQUIRED
-
-
10,421
President and CEO
2022-06-17
BURGER MICHAEL D
SOLD (Taxes)
-146,219
31.23
-4,682
President and CEO
2022-05-27
VAN ROTTERDAM JEROEN
ACQUIRED
-
-
5,412
-
2022-05-27
COLE STEPHEN
ACQUIRED
-
-
5,412
-
2022-05-27
Donofrio John
ACQUIRED
-
-
5,412
-
2022-05-27
Brubaker Lynn
ACQUIRED
-
-
5,412
-
2022-05-27
WASSERMAN YUVAL
ACQUIRED
-
-
5,412
-

1–10 of 50

Michael D. Burger
1430
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. The company 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. It also provides FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. The company offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

FARO Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sales$ 85,332$ 79,169$ 241,906$ 237,610
Cost of sales42,06736,838117,178109,390
Gross profit43,26542,331124,728128,220
Operating expenses    
Selling, general and administrative37,22633,433108,734100,375
Research and development12,58612,73136,75636,464
Restructuring costs5801,3762,5123,679
Total operating expenses50,39247,540148,002140,518
Loss from operations(7,127)(5,209)(23,274)(12,298)
Other (income) expense    
Interest (income) expense, net(24)5(28)54
Other (income) expense, net(1,428)299(3,077)(433)
Loss before income tax expense (benefit)(5,675)(5,513)(20,169)(11,919)
Income tax expense (benefit)586(1,658)4,352(3,667)
Net loss$ (6,261)$ (3,855)$ (24,521)$ (8,252)
Net loss per share - Basic (in dollars per share)$ (0.34)$ (0.21)$ (1.34)$ (0.45)
Net loss per share - Diluted (in dollars per share)$ (0.34)$ (0.21)$ (1.34)$ (0.45)
Weighted average shares - Basic (in shares)18,436,61518,194,96018,336,53718,166,930
Weighted average shares - Diluted (in shares)18,436,61518,194,96018,336,53718,166,930
Product    
Sales$ 65,581$ 57,838$ 182,015$ 172,748
Cost of sales30,37525,65082,87975,909
Service    
Sales19,75121,33159,89164,862
Cost of sales$ 11,692$ 11,188$ 34,299$ 33,481

FARO Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 48,534$ 121,989
Accounts receivable, net75,34778,523
Inventories, net50,95653,145
Prepaid expenses and other current assets33,80119,793
Total current assets208,638273,450
Non-current assets:  
Property, plant and equipment, net20,42422,194
Operating lease right-of-use assets18,40422,543
Goodwill101,27982,096
Intangible assets, net48,09425,616
Service and sales demonstration inventory, net28,24930,554
Deferred income tax assets, net18,09221,277
Other long-term assets2,0472,010
Total assets445,227479,740
Current liabilities:  
Accounts payable17,54614,199
Accrued liabilities22,88128,208
Income taxes payable6,4214,499
Current portion of unearned service revenues36,44040,838
Customer deposits5,8735,399
Lease liabilities5,5325,738
Total current liabilities94,69398,881
Unearned service revenues - less current portion20,86822,350
Lease liabilities - less current portion14,34418,648
Deferred income tax liabilities5,7081,058
Income taxes payable - less current portion10,13111,297
Other long-term liabilities191,047
Total liabilities145,763153,281
Commitments and contingencies - See Note 12
Shareholders’ equity:  
Common stock - par value $0.001, 50,000,000 shares authorized; 20,153,287 and 19,588,003 issued, respectively; 18,776,936 and 18,205,636 outstanding, respectively2020
Additional paid-in capital325,244301,061
Retained earnings49,02273,544
Accumulated other comprehensive loss(44,165)(17,374)
Common stock in treasury, at cost - 1,376,351 and 1,382,367 shares held, respectively(30,657)(30,792)
Total shareholders’ equity299,464326,459
Total liabilities and shareholders’ equity$ 445,227$ 479,740