Market Summary
USD15.41-0.39
Delayedas of 21 Sep 2023, 11:08 am-2.47%
FARO Stock Price
FARO RSI Chart
FARO Valuation
FARO Price/Sales (Trailing)
FARO Profitability
FARO Fundamentals
FARO Revenue
FARO Earnings
Price Action
52 Week Range
10.3036.74
(Low)(High)
Last 7 days
2.6%
Last 30 days
-4.8%
Last 90 days
-0.4%
Trailing 12 Months
-48.2%
FARO Financial Health
FARO Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FARO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-21 | Brubaker Lynn | gifted | - | - | -5,412 | - |
2023-08-21 | Brubaker Lynn | gifted | - | - | 5,412 | - |
2023-08-02 | LAU PETER JAMES | acquired | - | - | 108,709 | president and ceo |
2023-07-25 | WASSERMAN YUVAL | acquired | - | - | 30,998 | executive chairman |
2023-05-26 | Brubaker Lynn | acquired | - | - | 11,544 | - |
2023-05-26 | Ahsan Jawad A | acquired | - | - | 11,544 | - |
2023-05-26 | DAVERN ALEXANDER M | acquired | - | - | 11,544 | - |
2023-05-26 | Ramanathan Rajani | acquired | - | - | 11,544 | - |
2023-05-26 | VAN ROTTERDAM JEROEN | acquired | - | - | 11,544 | - |
2023-05-26 | Chin Moonhie | acquired | - | - | 11,544 | - |
Which funds bought or sold FARO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -977,587 | 1,883,100 | 0.02% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -86.36 | -106,000 | 11,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 7.25 | -3,494 | 8,392 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -0.86 | -200,840 | 377,298 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -43.31 | -3,388,000 | 2,017,000 | -% |
2023-08-15 | State of Tennessee, Treasury Department | unchanged | - | -53,663 | 103,373 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -84.38 | -12,595,700 | 1,443,660 | -% |
2023-08-15 | NATIXIS ADVISORS, L.P. | added | 3.83 | -176,000 | 380,000 | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | unchanged | - | - | - | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | added | 10.38 | -153,802 | 408,758 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of FARO Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Jan 27, 2022 | blackrock inc. | 17.3% | 3,140,666 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 17.3% | 3,140,666 | SC 13G | |
| Jan 14, 2022 | royce & associates lp | 5.92% | 1,076,984 | SC 13G/A |
Recent SEC filings of FARO Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | S-8 | Employee Benefits Plan | |
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 26, 2023 | 4 | Insider Trading | |
| Jul 24, 2023 | 3 | Insider Trading | |
| Jul 07, 2023 | SC 13G/A | Major Ownership Report | |
| Jun 29, 2023 | 8-K | Current Report |
Peers (Alternatives to FARO Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APH | 50.5B | 12.6B | -0.77% | 18.19% | 26.51 | 4.02 | 5.26% | 6.38% |
KEYS | 23.6B | 5.6B | 2.28% | -19.41% | 20.88 | 4.22 | 6.17% | 2.08% |
TRMB | 13.0B | 3.7B | -1.15% | -10.59% | 37.64 | 3.56 | -2.97% | -33.38% |
ZBRA | - | 5.5B | -11.85% | -17.44% | - | - | -5.22% | 30.78% |
| MID-CAP | ||||||||
DLB | 7.8B | 1.3B | -4.46% | 13.68% | 35.71 | 6.08 | 2.12% | 9.33% |
CGNX | 7.4B | 892.7M | -7.02% | -2.57% | 43.19 | 8.34 | -17.80% | -33.36% |
IIVI | 5.1B | 5.2B | - | - | -134.56 | 1.04 | 55.58% | -210.52% |
BMI | 4.6B | 630.3M | -1.55% | 68.02% | 59.68 | 7.33 | 17.87% | 20.61% |
COHR | - | - | -15.52% | -26.08% | - | - | - | - |
ITRI | 2.8B | 1.9B | -8.91% | 30.25% | 72.05 | 1.44 | 2.35% | 139.76% |
| SMALL-CAP | ||||||||
MICT | 163.7M | - | -15.81% | 40.30% | 1.18 | 1.12 | 162.29% | 778.07% |
CODA | 67.7M | 20.9M | -19.76% | 15.34% | 16.32 | 3.24 | -5.63% | 12.53% |
FARO | 299.4M | 362.4M | -4.82% | -48.20% | -5.17 | 0.83 | 7.87% | -7.57% |
MEI | - | 1.2B | -28.15% | -41.29% | - | - | 2.48% | -40.27% |
TTMI | 1.3B | 2.4B | -12.67% | -10.91% | 26.34 | 0.56 | 0.74% | -32.03% |
FARO Tech News
Returns for FARO
Cumulative Returns on FARO
-9.4%
10-Year Cumulative Returns
-10.9%
7-Year Cumulative Returns
-24.8%
5-Year Cumulative Returns
-35.0%
3-Year Cumulative Returns
Risks for FARO
What is the probability of a big loss on FARO?
97.3%
Probability that FARO Tech stock will be more than 20% underwater in next one year
80%
Probability that FARO Tech stock will be more than 30% underwater in next one year.
65.8%
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.
Drawdowns
Financials for FARO Tech
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.3% | 362,369,000 | 354,075,000 | 345,765,000 | 342,109,000 | 335,946,000 | 338,139,000 | 337,814,000 | 330,563,000 | 322,130,000 | 300,584,000 | 303,768,000 | 314,956,000 | 334,736,000 | 367,663,000 | 381,765,000 | 390,468,000 | 399,657,000 | 404,410,000 | 403,627,000 | 397,206,000 | 387,751,000 |
| Gross Profit | -4.1% | 167,339,000 | 174,453,000 | 175,763,000 | 180,435,000 | 179,501,000 | 184,546,000 | 183,927,000 | 179,000,000 | 172,967,000 | 156,381,000 | 159,847,000 | 152,668,000 | 167,142,000 | 188,987,000 | 198,132,000 | 217,372,000 | 217,212,000 | 222,465,000 | 221,553,000 | 220,806,000 | 222,228,000 |
| Operating Expenses | 4.4% | 220,081,000 | 210,801,000 | 200,686,000 | 199,848,000 | 196,996,000 | 193,736,000 | 192,363,000 | 188,606,000 | 182,222,000 | 176,947,000 | 190,529,000 | 234,250,000 | 249,757,000 | 264,532,000 | 256,766,000 | 221,952,000 | 218,613,000 | 218,744,000 | 215,799,000 | 209,169,000 | 205,529,000 |
| S&GA Expenses | 1.7% | 155,086,000 | 152,543,000 | 146,657,000 | 144,593,000 | 140,800,000 | 138,376,000 | 136,234,000 | 135,679,000 | 132,409,000 | 128,851,000 | 131,827,000 | 141,992,000 | 157,709,000 | 172,680,000 | 177,378,000 | 213,747,000 | 196,349,000 | 181,426,000 | 169,717,000 | 164,252,000 | 161,760,000 |
| R&D Expenses | -0.8% | 49,625,000 | 50,005,000 | 49,415,000 | 49,053,000 | 49,198,000 | 48,916,000 | 48,761,000 | 48,005,000 | 46,028,000 | 44,454,000 | 42,896,000 | 42,482,000 | 42,511,000 | 42,951,000 | 44,175,000 | 44,994,000 | 45,951,000 | 45,308,000 | 46,082,000 | 45,660,000 | 42,939,000 |
| EBITDA | 100.0% | - | -18,312,000 | -7,668,000 | -2,915,000 | -2,888,000 | 2,358,000 | 4,890,000 | - | - | -4,875,000 | -16,534,000 | -66,508,000 | -66,667,000 | -60,075,000 | -41,717,000 | -6,361,000 | -2,956,000 | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.05 | -0.02 | -0.01 | -0.01 | 0.01 | 0.01 | - | - | -0.02 | -0.05 | -0.21 | -0.20 | -0.16 | -0.11 | -0.02 | -0.01 | - | - | - | - |
| Interest Expenses | - | - | - | - | - | - | - | 55,000 | - | - | - | - | - | - | - | 781,000 | - | - | - | 486,000 | - | - |
| Earnings Before Taxes | -57.9% | -53,217,000 | -33,696,000 | -21,651,000 | -16,812,000 | -16,650,000 | -10,915,000 | -8,561,000 | -8,577,000 | -7,827,000 | -18,545,000 | -30,773,000 | -82,233,000 | -83,851,000 | -78,382,000 | -61,014,000 | -7,583,000 | -4,044,000 | 4,283,000 | 4,558,000 | 8,972,000 | 14,389,000 |
| EBT Margin | 100.0% | - | -0.10 | -0.06 | -0.05 | -0.05 | -0.03 | -0.03 | -0.03 | -0.02 | -0.06 | -0.10 | -0.26 | -0.25 | -0.21 | -0.16 | - | - | - | - | - | - |
| Net Income | -51.4% | -57,905,000 | -38,234,000 | -26,756,000 | -56,234,000 | -53,828,000 | -46,430,000 | -39,964,000 | 19,156,000 | 19,987,000 | 12,231,000 | 629,000 | -76,474,000 | -79,649,000 | -77,122,000 | -62,147,000 | -6,694,000 | -2,983,000 | 4,627,000 | 4,930,000 | -11,886,000 | -7,770,000 |
| Net Income Margin | 100.0% | - | -0.11 | -0.08 | -0.16 | -0.16 | -0.14 | -0.12 | 0.06 | 0.06 | 0.04 | 0.00 | -0.24 | -0.24 | -0.21 | -0.16 | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -41,780,000 | -31,227,000 | -23,229,000 | -12,871,000 | -18,157,000 | -20,511,000 | -11,779,000 | -12,292,000 | -10,771,000 | 16,620,000 | 16,232,000 | 26,273,000 | 37,084,000 | 25,793,000 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -5.0% | 502 | 529 | 473 | 445 | 443 | 468 | 480 | 501 | 504 | 500 | 526 | 452 | 453 | 470 | 487 | 508 | 523 | 518 | 506 | 483 | 464 |
| Current Assets | -6.8% | 257 | 276 | 219 | 209 | 242 | 261 | 273 | 269 | 272 | 304 | 324 | 285 | 296 | 308 | 322 | 307 | 318 | 311 | 317 | 295 | 298 |
| Cash Equivalents | -0.5% | 68.00 | 69.00 | 38.00 | 49.00 | 102 | 107 | 122 | 126 | 133 | 170 | 186 | 164 | 174 | 157 | 134 | 119 | 121 | 111 | 109 | 115 | 134 |
| Inventory | -18.3% | 42.00 | 51.00 | 50.00 | 51.00 | 44.00 | 54.00 | 53.00 | 56.00 | 51.00 | 47.00 | 47.00 | 50.00 | 53.00 | 55.00 | 59.00 | 70.00 | 72.00 | 75.00 | 65.00 | 62.00 | 60.00 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | 23.00 | 23.00 | 25.00 | 27.00 | 28.00 | 30.00 | 31.00 | 30.00 | 31.00 | 31.00 |
| Goodwill | 0.8% | 109 | 108 | 107 | 101 | 80.00 | 82.00 | 82.00 | 81.00 | 82.00 | 56.00 | 58.00 | 56.00 | 49.00 | 49.00 | 50.00 | 70.00 | 71.00 | 71.00 | 67.00 | 66.00 | - |
| Liabilities | -0.6% | 231 | 232 | 162 | 146 | 145 | 151 | 153 | 144 | 146 | 149 | 165 | 138 | 145 | 153 | 155 | 141 | 149 | 142 | 130 | 112 | 102 |
| Current Liabilities | 2.6% | 108 | 105 | 106 | 95.00 | 94.00 | 98.00 | 99.00 | 92.00 | 93.00 | 93.00 | 108 | 93.00 | 101 | 106 | 106 | 92.00 | 101 | 93.00 | 98.00 | 80.00 | 72.00 |
| Shareholder's Equity | -8.4% | 271 | 296 | 311 | 299 | 298 | 317 | 326 | 357 | 357 | 351 | 360 | 313 | 309 | 317 | 332 | 368 | 374 | 377 | 377 | 371 | 363 |
| Retained Earnings | -110.2% | -2.62 | 26.00 | 47.00 | 49.00 | 55.00 | 64.00 | 74.00 | 105 | 109 | 110 | 114 | 86.00 | 89.00 | 98.00 | 113 | 163 | 169 | 175 | 175 | 170 | 173 |
| Additional Paid-In Capital | 1.4% | 337 | 332 | 328 | 325 | 306 | 303 | 301 | 298 | 294 | 292 | 288 | 277 | 273 | 271 | 268 | 261 | 256 | 253 | 251 | 249 | 234 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 81.00 | 80.00 | 76.00 | 73.00 | 70.00 | 66.00 |
| Shares Outstanding | 0.2% | 19.00 | 19.00 | 19.00 | 19.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 3.8% | -34,803 | -36,163 | -24,856 | -16,061 | -4,427 | -10,227 | -13,476 | -4,993 | -6,979 | -5,207 | 21,394 | 19,818 | 30,788 | 42,973 | 32,468 | 24,924 | 24,060 | 16,182 | 6,323 | 15,988 | 14,730 |
| Share Based Compensation | 10.4% | 15,543 | 14,084 | 13,317 | 12,823 | 12,437 | 12,229 | 11,456 | 10,543 | 9,346 | 8,230 | 8,314 | 8,796 | 10,100 | 10,685 | 11,071 | 10,606 | 9,536 | 8,631 | 7,620 | 7,344 | 6,655 |
| Cashflow From Investing | -0.7% | -68,820 | -68,375 | -49,897 | -48,254 | -17,009 | -48,357 | -45,740 | -42,865 | -47,290 | 3,662 | 13,907 | 15,250 | 19,021 | 538 | -9,342 | -17,245 | -48,599 | -50,987 | -55,774 | -51,056 | -8,234 |
| Cashflow From Financing | -0.1% | 72,212 | 72,257 | -997 | -1,643 | -918 | -1,088 | 1,582 | 10,681 | 10,992 | 11,615 | 11,058 | 6,524 | 4,670 | 4,568 | 2,243 | -2,804 | 11,581 | 11,885 | 19,810 | 23,284 | 9,772 |
FARO Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Sales | $ 88,211 | $ 79,917 | $ 173,178 | $ 156,573 |
| Cost of sales | 54,888 | 39,480 | 100,139 | 75,111 |
| Gross profit | 33,323 | 40,437 | 73,039 | 81,462 |
| Operating expenses | ||||
| Selling, general and administrative | 38,561 | 36,018 | 79,937 | 71,508 |
| Research and development | 11,662 | 12,042 | 24,380 | 24,170 |
| Restructuring costs | 8,450 | 1,333 | 12,688 | 1,932 |
| Total operating expenses | 58,673 | 49,393 | 117,005 | 97,610 |
| Loss from operations | (25,350) | (8,956) | (43,966) | (16,148) |
| Other (income) expense | ||||
| Interest expense (income) | 1,003 | (12) | 1,838 | (4) |
| Other expense (income), net | 476 | (1,636) | 256 | (1,649) |
| Loss before income tax | (26,829) | (7,308) | (46,060) | (14,495) |
| Income tax expense | 1,416 | 1,266 | 3,349 | 3,766 |
| Net loss | $ (28,245) | $ (8,574) | $ (49,409) | $ (18,261) |
| Net loss per share - Basic (in dollars per share) | $ (1.49) | $ (0.47) | $ (2.62) | $ (1.00) |
| Net loss per share - Diluted (in dollars per share) | $ (1.49) | $ (0.47) | $ (2.62) | $ (1.00) |
| Weighted average shares - Basic (in shares) | 18,920,675 | 18,266,747 | 18,871,007 | 18,267,783 |
| Weighted average shares - Diluted (in shares) | 18,920,675 | 18,266,747 | 18,871,007 | 18,267,783 |
| Product | ||||
| Sales | $ 67,603 | $ 59,702 | $ 132,843 | $ 116,432 |
| Cost of sales | 44,094 | 28,169 | 78,051 | 52,504 |
| Service | ||||
| Sales | 20,608 | 20,215 | 40,335 | 40,141 |
| Cost of sales | $ 10,794 | $ 11,311 | $ 22,088 | $ 22,607 |
FARO Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 68,228 | $ 37,812 |
| Short-term investments | 20,240 | 0 |
| Accounts receivable, net | 88,293 | 90,326 |
| Inventories, net | 41,560 | 50,026 |
| Prepaid expenses and other current assets | 38,551 | 41,201 |
| Total current assets | 256,872 | 219,365 |
| Non-current assets: | ||
| Property, plant and equipment, net | 23,247 | 19,720 |
| Operating lease right-of-use assets | 13,315 | 18,989 |
| Goodwill | 108,883 | 107,155 |
| Intangible assets, net | 48,643 | 48,978 |
| Service and sales demonstration inventory, net | 23,063 | 30,904 |
| Deferred income tax assets, net | 24,221 | 24,192 |
| Other long-term assets | 4,039 | 4,044 |
| Total assets | 502,283 | 473,347 |
| Current liabilities: | ||
| Accounts payable | 21,241 | 27,286 |
| Accrued liabilities | 29,979 | 23,345 |
| Income taxes payable | 10,056 | 6,767 |
| Current portion of unearned service revenues | 35,767 | 36,407 |
| Customer deposits | 5,584 | 6,725 |
| Lease liabilities | 5,140 | 5,709 |
| Total current liabilities | 107,767 | 106,239 |
| Loan - 5.50% Convertible Senior Notes | 72,491 | 0 |
| Unearned service revenues - less current portion | 21,017 | 20,947 |
| Lease liabilities - less current portion | 12,463 | 14,649 |
| Deferred income tax liabilities | 11,928 | 11,708 |
| Income taxes payable - less current portion | 5,292 | 8,706 |
| Other long-term liabilities | 39 | 49 |
| Total liabilities | 230,997 | 162,298 |
| Commitments and contingencies - See Note 13 | ||
| Shareholders’ equity: | ||
| Common stock - par value $0.001, 50,000,000 shares authorized; 20,321,490 and 20,156,233 issued, respectively; 18,946,798 and 18,780,013 outstanding, respectively | 20 | 20 |
| Additional paid-in capital | 336,534 | 328,227 |
| Retained earnings | (2,621) | 46,788 |
| Accumulated other comprehensive loss | (31,992) | (33,331) |
| Common stock in treasury, at cost - 1,374,692 and 1,376,220 shares held, respectively | (30,655) | (30,655) |
| Total shareholders’ equity | 271,286 | 311,049 |
| Total liabilities and shareholders’ equity | $ 502,283 | $ 473,347 |
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.