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

18.62USD-0.38 (-2.00%)Market Closed

Market Summary

USD18.62-0.38

Market Closed

-2.00%

FARO Stock Price

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FARO RSI Chart

FARO Valuation

Market Cap

353.2M

Price/Earnings (Trailing)

-6.24

Price/Sales (Trailing)

0.98

EV/EBITDA

-7.15

Price/Free Cashflow

-61.51

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

-1.63%

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

1.2%

Last 30 days

-11.2%

Last 90 days

-17.4%

Trailing 12 Months

-18.3%

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

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Net sales

Year	Q1	Q2	Q3	Q4
2023	354.1M	362.4M	363.9M	358.8M
2022	338.1M	335.9M	342.1M	345.8M
2021	300.6M	322.1M	330.6M	337.8M
2020	367.7M	334.7M	315.0M	303.8M
2019	404.4M	399.7M	390.5M	381.8M
2018	372.2M	387.8M	397.2M	403.6M
2017	331.4M	335.5M	346.2M	360.9M
2016	323.4M	318.1M	325.2M	325.6M
2015	338.4M	340.1M	330.4M	317.5M
2014	299.8M	313.5M	327.6M	341.8M
2013	273.5M	275.1M	282.6M	291.8M
2012	266.8M	273.9M	269.8M	273.4M
2011	202.1M	216.1M	235.6M	254.2M
2010	158.7M	169.7M	180.8M	191.8M
2009	0	0	0	147.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of FARO Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold FARO recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-65.89	-28,000	13,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	74,226	229,085	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	new	-	516	516	-%
Apr 18, 2024	ARK Investment Management LLC	reduced	-17.81	-1,385,760	5,050,550	0.04%
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	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.6T	385.7B	-1.07%	3.21%	25.86	6.77	-0.47%	6.03%
APH	69.8B	12.6B	1.86%	55.40%	36.2	5.56	-0.54%	1.35%
FTV	28.0B	6.1B	-9.90%	16.46%	32.32	4.57	3.71%	14.65%
GLW	26.9B	12.6B	-2.89%	-4.13%	44.89	2.14	-11.28%	-55.18%
FLEX	12.0B	29.4B	-0.59%	44.82%	15.94	0.41	-1.12%	-8.06%
MID-CAP
ARW	6.9B	33.1B	1.75%	14.61%	7.59	0.21	-10.82%	-36.63%
CGNX	6.8B	837.5M	-5.07%	-16.44%	59.92	8.1	-16.75%	-47.46%
BMI	5.4B	740.8M	15.48%	37.93%	52.61	7.27	25.07%	42.99%
AVT	4.4B	25.6B	1.65%	21.85%	6.64	0.17	-2.73%	-21.96%
ESE	2.7B	968.8M	1.72%	9.71%	28.93	2.78	9.35%	8.73%
SMALL-CAP
CNXN	1.7B	2.9B	0.57%	63.64%	20.57	0.6	-8.78%	-6.67%
BHE	1.1B	2.8B	4.91%	43.81%	17	0.39	-1.64%	-5.74%
GPRO	271.4M	1.0B	-22.03%	-58.35%	-5.1	0.27	-8.05%	-284.36%
AEY	32.6M	56.7M	-19.26%	49.32%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.8M	27.6M	-3.78%	-33.08%	18.86	0.94	3.62%	-35.71%

FARO Technologies Inc News

Latest updates

FARO Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	13.9%	98,840,000	86,813,000	88,211,000	84,967,000	103,859,500	85,332,000	79,917,000	76,656,000	100,204,000	79,169,000	82,110,000	76,331,000	92,953,000	70,736,000	60,564,000	79,515,000	104,141,000	90,516,000	93,491,000	93,617,000	112,844,000
Gross Profit	20.7%	50,286,000	41,674,000	33,323,000	39,716,000	51,035,000	43,265,000	40,437,000	41,026,000	55,707,000	42,331,000	45,482,000	40,407,000	50,780,000	36,298,000	28,896,000	43,873,000	43,601,000	50,772,000	50,741,000	53,018,000	62,841,000
Operating Expenses	0.7%	48,930,000	48,600,000	58,673,000	58,332,000	52,683,500	50,392,000	49,393,000	48,218,000	51,845,000	47,540,000	46,133,000	46,845,000	48,088,000	41,156,000	40,858,000	60,427,000	91,809,000	56,663,000	55,633,000	52,661,000	55,306,500
S&GA Expenses	3.8%	39,429,000	37,970,000	38,561,000	41,376,000	37,923,000	37,226,000	36,018,000	35,490,000	35,859,000	33,433,000	33,594,000	33,348,000	35,304,000	30,163,000	30,036,000	36,324,000	45,470,000	45,880,000	45,007,000	41,020,000	82,360,000
R&D Expenses	12.8%	9,238,000	8,188,000	11,662,000	12,718,000	12,659,000	12,586,000	12,042,000	12,128,000	12,297,000	12,731,000	11,760,000	11,973,000	11,541,000	10,754,000	10,186,000	10,415,000	11,126,000	10,783,000	10,626,000	11,641,000	13,448,500
EBITDA Margin	-0.3%	-0.11	-0.11	-0.10	-0.05	-0.02	-0.01	-0.01	0.01	0.01	0.01	0.02	-0.02	-	-	-	-	-	-	-	-	-
Income Taxes	-254.3%	-2,346,000	1,520,000	1,400,000	1,933,000	736,000	586,000	1,300,000	2,500,000	35,091,000	-1,700,000	-397,000	-1,612,000	-24,045,500	-1,739,000	-3,400,000	-2,238,000	1,577,000	-182,000	-417,000	155,000	1,000,000
Earnings Before Taxes	89.4%	-766,000	-7,236,000	-26,829,000	-19,231,000	-1,481,500	-5,675,000	-7,308,000	-7,187,000	3,358,000	-5,513,000	-1,573,000	-4,833,000	3,342,000	-4,763,000	-12,291,000	-17,061,000	-48,118,000	-6,381,000	-6,822,000	307,000	5,313,000
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 Income	118.1%	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	-3,221,000	27,408,000	-3,024,000	-8,932,000	-14,823,000	-49,695,000	-6,199,000	-6,405,000	152,000	5,758,000
Net Income Margin	5.0%	-0.16	-0.17	-0.16	-0.11	-0.08	-0.16	-0.16	-0.14	-0.12	0.06	0.06	0.04	-	-	-	-	-	-	-	-	-
Free Cashflow	432.0%	16,854,000	-5,077,000	2,513,000	-20,032,000	-8,093,000	-16,393,000	2,738,000	-9,479,000	-95,000	-6,035,000	-2,548,000	-11,833,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	4.0%	505	485	502	529	473	445	443	468	480	501	504	500	526	452	453	470	487	508	523	518	506
Current Assets	6.5%	262	246	257	276	219	209	242	261	273	269	272	304	324	285	296	308	322	307	318	311	317
Cash Equivalents	-3.9%	77.00	80.00	68.00	69.00	38.00	49.00	102	107	122	126	133	170	186	164	174	157	134	119	121	111	109
Inventory	-13.9%	35.00	40.00	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
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23.00	23.00	25.00	27.00	28.00	30.00	31.00	30.00
Goodwill	2.5%	110	107	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	-
Liabilities	4.5%	236	226	231	232	162	146	145	151	153	144	146	149	165	138	145	153	155	141	149	142	130
Current Liabilities	7.4%	113	105	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
Shareholder's Equity	3.7%	269	259	271	296	311	299	298	317	326	357	357	351	360	313	309	317	332	368	374	377	377
Retained Earnings	14.0%	-9.79	-11.38	-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
Additional Paid-In Capital	1.7%	346	340	337	332	328	325	306	303	301	298	294	292	288	277	273	271	268	261	256	253	251
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81.00	80.00	76.00	73.00
Shares Outstanding	0.1%	19.00	19.00	19.00	19.00	19.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	299	-	-	-	559	-	-	-	1,405	-	-	-	945	-	-	-	896	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	526.6%	18,655	-4,373	5,137	-18,344	-6,700	-14,896	3,777	-7,037	2,095	-3,262	-2,023	-10,286	10,578	-5,248	-251	16,315	9,002	5,722	11,934	5,810	1,458
Share Based Compensation	50.5%	5,557	3,692	4,950	3,634	3,293	3,666	3,491	2,867	2,799	3,280	3,283	2,094	1,886	2,083	2,167	2,178	2,368	3,387	2,752	2,564	1,903
Cashflow From Investing	-231.0%	-23,403	17,865	-4,420	-23,532	-6,697	-34,171	-3,975	-5,054	-5,054	-2,926	-35,323	-2,437	-2,179	-7,351	15,629	7,808	-836	-3,580	-2,854	-2,072	-8,739
Cashflow From Financing	131.9%	306	-959	-352	72,280	759	-475	-307	-974	113	250	-477	1,696	9,212	561	146	1,139	4,678	-1,293	44.00	-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 sales	193,832	170,002	153,887
Gross profit	164,999	175,763	183,927
Operating expenses
Selling, general and administrative	157,336	146,657	136,234
Research and development	41,806	49,415	48,761
Restructuring costs	15,393	4,614	7,368
Total operating expenses	214,535	200,686	192,363
Loss from operations	(49,536)	(24,923)	(8,436)
Other (income) expense
Interest expense (income)	3,348	(36)	55
Other expense (income), net	1,178	(3,236)	70
Loss before income tax	(54,062)	(21,651)	(8,561)
Income tax expense	2,515	5,105	31,403
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)	18,917,778	18,318,191	18,187,946
Weighted average shares - Diluted (in shares)	18,917,778	18,318,191	18,187,946
Product
Sales
Sales	$ 278,572	$ 265,280	$ 251,103
Cost of sales
Total cost of sales	150,472	123,836	109,024
Service
Sales
Sales	80,259	80,485	86,711
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 investments	19,496	0
Accounts receivable, net	92,028	90,326
Inventories, net	34,529	50,026
Prepaid expenses and other current assets	38,768	41,201
Total current assets	261,608	219,365
Non-current assets:
Property, plant and equipment, net	21,181	19,720
Operating lease right-of-use asset	12,231	18,989
Goodwill	109,534	107,155
Intangible assets, net	47,891	48,978
Service and sales demonstration inventory, net	23,147	30,904
Deferred income tax assets, net	25,027	24,192
Other long-term assets	4,073	4,044
Total assets	504,692	473,347
Current liabilities:
Accounts payable	27,404	27,286
Accrued liabilities	29,930	23,345
Income taxes payable	5,699	6,767
Current portion of unearned service revenues	40,555	36,407
Customer deposits	4,251	6,725
Lease liability	5,434	5,709
Total current liabilities	113,273	106,239
Loan - 5.50% Convertible Senior Notes	72,760	0
Unearned service revenues - less current portion	20,256	20,947
Lease liability - less current portion	10,837	14,649
Deferred income tax liabilities	13,308	11,708
Income taxes payable - less current portion	5,629	8,706
Other long-term liabilities	23	49
Total liabilities	236,086	162,298
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, respectively	20	20
Additional paid-in capital	346,277	328,227
(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’ equity	268,606	311,049
Total liabilities and shareholders’ equity	$ 504,692	$ 473,347

About FARO Technologies Inc

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	Mr. Peter James Lau
WEBSITE	faro.com
INDUSTRY	Consumer Electronics
EMPLOYEES	1490

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 Wed Apr 24 2024, market cap of FARO Technologies Inc is 353.21 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 Wed Apr 24 2024, FARO's PE ratio (Price to Earnings) is -6.24 and Price to Sales (PS) ratio is 0.98. 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 -0.09 (multiply by 100 for percentage) rate of return.