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FARO Technologies Inc Stock Research

FARO

15.41USD-0.39(-2.47%)Delayedas of 21 Sep 2023, 11:08 am
Watchlist

Market Summary

USD15.41-0.39
Delayedas of 21 Sep 2023, 11:08 am
-2.47%

FARO Alerts

FARO Stock Price

FARO RSI Chart

FARO Valuation

Market Cap

299.4M

Price/Earnings (Trailing)

-5.17

Price/Sales (Trailing)

0.83

EV/EBITDA

-6.09

Price/Free Cashflow

-7.13

FARO Price/Sales (Trailing)

FARO Profitability

EBT Margin

-9.52%

Return on Equity

-12.9%

Return on Assets

-7.23%

Free Cashflow Yield

-14.03%

FARO Fundamentals

FARO Revenue

Revenue (TTM)

362.4M

Revenue Y/Y

10.38%

Revenue Q/Q

3.82%

FARO Earnings

Earnings (TTM)

-57.9M

Earnings Y/Y

-229.43%

Earnings Q/Q

-33.46%

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

Current Ratio

2.62

FARO Investor Care

Shares Dilution (1Y)

3.72%

Diluted EPS (TTM)

-3.07

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for FARO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Which funds bought or sold FARO recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 49

Latest Funds Activity

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

Schedule 13G FIlings of FARO Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.5B
12.6B
-0.77% 18.19%
26.51
4.02
5.26% 6.38%
23.6B
5.6B
2.28% -19.41%
20.88
4.22
6.17% 2.08%
13.0B
3.7B
-1.15% -10.59%
37.64
3.56
-2.97% -33.38%
-
5.5B
-11.85% -17.44%
-
-
-5.22% 30.78%
MID-CAP
7.8B
1.3B
-4.46% 13.68%
35.71
6.08
2.12% 9.33%
7.4B
892.7M
-7.02% -2.57%
43.19
8.34
-17.80% -33.36%
5.1B
5.2B
- -
-134.56
1.04
55.58% -210.52%
4.6B
630.3M
-1.55% 68.02%
59.68
7.33
17.87% 20.61%
-
-
-15.52% -26.08%
-
-
- -
2.8B
1.9B
-8.91% 30.25%
72.05
1.44
2.35% 139.76%
SMALL-CAP
163.7M
-
-15.81% 40.30%
1.18
1.12
162.29% 778.07%
67.7M
20.9M
-19.76% 15.34%
16.32
3.24
-5.63% 12.53%
299.4M
362.4M
-4.82% -48.20%
-5.17
0.83
7.87% -7.57%
-
1.2B
-28.15% -41.29%
-
-
2.48% -40.27%
1.3B
2.4B
-12.67% -10.91%
26.34
0.56
0.74% -32.03%

FARO Tech News

Nasdaq
FARO Tech Appoints Peter Lau As President And CEO.
Nasdaq,
2 months ago
Seeking Alpha

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/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue2.3%362,369,000354,075,000345,765,000342,109,000335,946,000338,139,000337,814,000330,563,000322,130,000300,584,000303,768,000314,956,000334,736,000367,663,000381,765,000390,468,000399,657,000404,410,000403,627,000397,206,000387,751,000
Gross Profit-4.1%167,339,000174,453,000175,763,000180,435,000179,501,000184,546,000183,927,000179,000,000172,967,000156,381,000159,847,000152,668,000167,142,000188,987,000198,132,000217,372,000217,212,000222,465,000221,553,000220,806,000222,228,000
Operating Expenses4.4%220,081,000210,801,000200,686,000199,848,000196,996,000193,736,000192,363,000188,606,000182,222,000176,947,000190,529,000234,250,000249,757,000264,532,000256,766,000221,952,000218,613,000218,744,000215,799,000209,169,000205,529,000
  S&GA Expenses1.7%155,086,000152,543,000146,657,000144,593,000140,800,000138,376,000136,234,000135,679,000132,409,000128,851,000131,827,000141,992,000157,709,000172,680,000177,378,000213,747,000196,349,000181,426,000169,717,000164,252,000161,760,000
  R&D Expenses-0.8%49,625,00050,005,00049,415,00049,053,00049,198,00048,916,00048,761,00048,005,00046,028,00044,454,00042,896,00042,482,00042,511,00042,951,00044,175,00044,994,00045,951,00045,308,00046,082,00045,660,00042,939,000
EBITDA100.0%--18,312,000-7,668,000-2,915,000-2,888,0002,358,0004,890,000---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 Margin100.0%--0.05-0.02-0.01-0.010.010.01---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%-53,217,000-33,696,000-21,651,000-16,812,000-16,650,000-10,915,000-8,561,000-8,577,000-7,827,000-18,545,000-30,773,000-82,233,000-83,851,000-78,382,000-61,014,000-7,583,000-4,044,0004,283,0004,558,0008,972,00014,389,000
EBT Margin100.0%--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%-57,905,000-38,234,000-26,756,000-56,234,000-53,828,000-46,430,000-39,964,00019,156,00019,987,00012,231,000629,000-76,474,000-79,649,000-77,122,000-62,147,000-6,694,000-2,983,0004,627,0004,930,000-11,886,000-7,770,000
Net Income Margin100.0%--0.11-0.08-0.16-0.16-0.14-0.120.060.060.040.00-0.24-0.24-0.21-0.16------
Free Cashflow100.0%--41,780,000-31,227,000-23,229,000-12,871,000-18,157,000-20,511,000-11,779,000-12,292,000-10,771,00016,620,00016,232,00026,273,00037,084,00025,793,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-5.0%502529473445443468480501504500526452453470487508523518506483464
  Current Assets-6.8%257276219209242261273269272304324285296308322307318311317295298
    Cash Equivalents-0.5%68.0069.0038.0049.00102107122126133170186164174157134119121111109115134
  Inventory-18.3%42.0051.0050.0051.0044.0054.0053.0056.0051.0047.0047.0050.0053.0055.0059.0070.0072.0075.0065.0062.0060.00
  Net PPE------------23.0023.0025.0027.0028.0030.0031.0030.0031.0031.00
  Goodwill0.8%10910810710180.0082.0082.0081.0082.0056.0058.0056.0049.0049.0050.0070.0071.0071.0067.0066.00-
Liabilities-0.6%231232162146145151153144146149165138145153155141149142130112102
  Current Liabilities2.6%10810510695.0094.0098.0099.0092.0093.0093.0010893.0010110610692.0010193.0098.0080.0072.00
Shareholder's Equity-8.4%271296311299298317326357357351360313309317332368374377377371363
  Retained Earnings-110.2%-2.6226.0047.0049.0055.0064.0074.0010510911011486.0089.0098.00113163169175175170173
  Additional Paid-In Capital1.4%337332328325306303301298294292288277273271268261256253251249234
Accumulated Depreciation----------------81.0080.0076.0073.0070.0066.00
Shares Outstanding0.2%19.0019.0019.0019.0018.0018.0018.0018.0018.0018.0018.0018.0018.0018.0018.0017.0017.0017.0017.0017.0017.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations3.8%-34,803-36,163-24,856-16,061-4,427-10,227-13,476-4,993-6,979-5,20721,39419,81830,78842,97332,46824,92424,06016,1826,32315,98814,730
  Share Based Compensation10.4%15,54314,08413,31712,82312,43712,22911,45610,5439,3468,2308,3148,79610,10010,68511,07110,6069,5368,6317,6207,3446,655
Cashflow From Investing-0.7%-68,820-68,375-49,897-48,254-17,009-48,357-45,740-42,865-47,2903,66213,90715,25019,021538-9,342-17,245-48,599-50,987-55,774-51,056-8,234
Cashflow From Financing-0.1%72,21272,257-997-1,643-918-1,0881,58210,68110,99211,61511,0586,5244,6704,5682,243-2,80411,58111,88519,81023,2849,772

FARO Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended6 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 sales54,88839,480100,13975,111
Gross profit33,32340,43773,03981,462
Operating expenses    
Selling, general and administrative38,56136,01879,93771,508
Research and development11,66212,04224,38024,170
Restructuring costs8,4501,33312,6881,932
Total operating expenses58,67349,393117,00597,610
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), net476(1,636)256(1,649)
Loss before income tax(26,829)(7,308)(46,060)(14,495)
Income tax expense1,4161,2663,3493,766
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)18,920,67518,266,74718,871,00718,267,783
Weighted average shares - Diluted (in shares)18,920,67518,266,74718,871,00718,267,783
Product    
Sales$ 67,603$ 59,702$ 132,843$ 116,432
Cost of sales44,09428,16978,05152,504
Service    
Sales20,60820,21540,33540,141
Cost of sales$ 10,794$ 11,311$ 22,088$ 22,607

FARO Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 68,228$ 37,812
Short-term investments20,2400
Accounts receivable, net88,29390,326
Inventories, net41,56050,026
Prepaid expenses and other current assets38,55141,201
Total current assets256,872219,365
Non-current assets:  
Property, plant and equipment, net23,24719,720
Operating lease right-of-use assets13,31518,989
Goodwill108,883107,155
Intangible assets, net48,64348,978
Service and sales demonstration inventory, net23,06330,904
Deferred income tax assets, net24,22124,192
Other long-term assets4,0394,044
Total assets502,283473,347
Current liabilities:  
Accounts payable21,24127,286
Accrued liabilities29,97923,345
Income taxes payable10,0566,767
Current portion of unearned service revenues35,76736,407
Customer deposits5,5846,725
Lease liabilities5,1405,709
Total current liabilities107,767106,239
Loan - 5.50% Convertible Senior Notes72,4910
Unearned service revenues - less current portion21,01720,947
Lease liabilities - less current portion12,46314,649
Deferred income tax liabilities11,92811,708
Income taxes payable - less current portion5,2928,706
Other long-term liabilities3949
Total liabilities230,997162,298
Commitments and contingencies - See Note 13
Shareholders’ equity:  
Common stock - par value $0.001, 50,000,000 shares authorized; 20,321,490 and 20,156,233 issued, respectively; 18,946,798 and 18,780,013 outstanding, respectively2020
Additional paid-in capital336,534328,227
Retained earnings(2,621)46,788
Accumulated other comprehensive loss(31,992)(33,331)
Common stock in treasury, at cost - 1,374,692 and 1,376,220 shares held, respectively(30,655)(30,655)
Total shareholders’ equity271,286311,049
Total liabilities and shareholders’ equity$ 502,283$ 473,347
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.