FARO · Faro Technologies Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.86M | - | $82.56M | $82.08M | $84.24M | - | $86.81M | $88.21M | $84.97M | - |
| Cost of Revenue | $35.63M | - | $36.59M | $37.30M | $40.94M | - | $45.14M | $54.89M | $45.25M | - |
| Gross Profit | $47.24M | - | $45.98M | $44.79M | $43.31M | - | $41.67M | $33.32M | $39.72M | - |
| R&D | $9.48M | - | $9.77M | $9.83M | $9.02M | - | $8.19M | $11.66M | $12.72M | - |
| SG&A | $33.82M | - | $34.04M | $32.59M | $39.59M | - | $37.97M | $38.56M | $41.38M | - |
| Total Operating Expenses | $43.42M | - | $43.81M | $43.04M | $48.62M | - | $48.60M | $58.67M | $58.33M | - |
| D&A | $4.21M | - | - | - | $3.62M | - | - | - | $4.41M | - |
| Operating Income | $3.81M | - | $2.16M | $1.75M | ($5.31M) | - | ($6.93M) | ($25.35M) | ($18.62M) | - |
| Interest Expense | $1.10M | - | $1.23M | $1.27M | $1.26M | - | $1.29M | $1.26M | - | - |
| Income Tax | $1.55M | - | $1.25M | $1.56M | $1.10M | - | $1.52M | $1.42M | $1.93M | - |
| Net Income | $906.0K | - | ($289.0K) | ($524.0K) | ($7.27M) | - | ($8.76M) | ($28.25M) | ($21.16M) | - |
| EPS - Basic | $0.05 | - | ($0.02) | ($0.03) | ($0.38) | - | ($0.46) | ($1.49) | ($1.12) | - |
| EPS - Diluted | $0.05 | - | ($0.02) | ($0.03) | ($0.38) | - | ($0.46) | ($1.49) | ($1.12) | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $92.44M | $88.70M | $88.91M | $97.91M | $79.52M | $76.79M | $79.92M | $68.23M | $68.56M | $37.81M |
| Accounts Receivable | $85.67M | $87.02M | $83.21M | $84.87M | $88.91M | $92.03M | $88.36M | $88.29M | $90.24M | $90.33M |
| Inventory | $33.27M | $32.12M | $39.05M | $34.41M | $35.38M | $34.53M | $40.09M | $41.56M | $50.89M | $50.03M |
| Accounts Payable | $26.35M | $27.34M | $30.44M | $27.87M | $25.31M | $27.40M | $23.41M | $21.24M | $22.89M | $27.29M |
| Current Assets | $255.19M | $248.17M | $245.43M | $247.66M | $256.42M | $261.61M | $245.70M | $256.87M | $275.54M | $219.37M |
| Total Assets | $495.03M | $483.00M | $489.63M | $481.08M | $492.30M | $504.69M | $485.10M | $502.28M | $528.73M | $473.35M |
| Current Liabilities | $110.58M | $112.86M | $112.95M | $106.33M | $108.94M | $113.27M | $105.47M | $107.77M | $105.01M | $106.24M |
| Long-term Debt | $70.38M | $70.27M | $70.10M | $69.98M | $72.87M | $72.76M | $72.60M | $72.49M | - | - |
| Total Liabilities | $234.86M | $233.40M | $234.11M | $224.49M | $230.32M | $236.09M | $226.01M | $231.00M | $232.41M | $162.30M |
| Stockholders' Equity | $260.17M | $249.61M | $255.52M | $256.60M | $261.98M | $268.61M | $259.09M | $271.29M | $296.31M | $311.05M |
| Retained Earnings | ($17.95M) | ($18.86M) | ($17.87M) | ($17.58M) | ($17.06M) | ($9.79M) | ($11.38M) | ($2.62M) | $25.62M | $46.79M |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.03M | - | - | - | $6.58M | - | - | - | ($18.34M) | - |
| Investing Cash Flow | ($2.79M) | - | - | - | ($2.77M) | - | - | - | ($23.53M) | - |
| Financing Cash Flow | ($14.0K) | - | - | - | ($40.0K) | - | - | - | $72.28M | - |
| CapEx | $1.34M | - | - | - | $1.32M | - | - | - | $1.69M | - |
| Free Cash Flow | $3.69M | - | - | - | $5.25M | - | - | - | ($20.03M) | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 57.0% | - | 55.7% | 54.6% | 51.4% | - | 48.0% | 37.8% | 46.7% | - |
| Operating margin | 4.6% | - | 2.6% | 2.1% | -6.3% | - | -8.0% | -28.7% | -21.9% | - |
| EBITDA margin | 9.7% | - | - | - | -2.0% | - | - | - | -16.7% | - |
| Net margin | 1.1% | - | -0.4% | -0.6% | -8.6% | - | -10.1% | -32.0% | -24.9% | - |
| Free cash flow margin | 4.5% | - | - | - | 6.2% | - | - | - | -23.6% | - |
| FCF / Net income | 4.07 | - | - | - | -0.72 | - | - | - | 0.95 | - |
| R&D / Revenue | 11.4% | - | 11.8% | 12.0% | 10.7% | - | 9.4% | 13.2% | 15.0% | - |
| SG&A / Revenue | 40.8% | - | 41.2% | 39.7% | 47.0% | - | 43.7% | 43.7% | 48.7% | - |
| Effective tax rate | 63.2% | - | 129.9% | 150.8% | - | - | - | - | - | - |
| Return on assets | 0.2% | - | -0.1% | -0.1% | -1.5% | - | -1.8% | -5.6% | -4.0% | - |
| Return on equity | 0.3% | - | -0.1% | -0.2% | -2.8% | - | -3.4% | -10.4% | -7.1% | - |
| Return on invested capital | 0.6% | - | 0.3% | 0.3% | -1.3% | - | -1.6% | -5.8% | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.31 | 2.20 | 2.17 | 2.33 | 2.35 | 2.31 | 2.33 | 2.38 | 2.62 | 2.06 |
| Quick ratio | 2.01 | 1.91 | 1.83 | 2.01 | 2.03 | 2.00 | 1.95 | 2.00 | 2.14 | 1.59 |
| Cash ratio | 0.84 | 0.79 | 0.79 | 0.92 | 0.73 | 0.68 | 0.76 | 0.63 | 0.65 | 0.36 |
| Leverage | ||||||||||
| Debt / Equity | 0.27 | 0.28 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.27 | - | - |
| Debt / Assets | 0.14 | 0.15 | 0.14 | 0.15 | 0.15 | 0.14 | 0.15 | 0.14 | - | - |
| Debt / EBITDA | 8.77 | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.5x | - | 1.8x | 1.4x | -4.2x | - | -5.4x | -20.1x | - | - |
| Equity multiplier | 1.90 | 1.94 | 1.92 | 1.87 | 1.88 | 1.88 | 1.87 | 1.85 | 1.78 | 1.52 |
| Liabilities / Assets | 0.47 | 0.48 | 0.48 | 0.47 | 0.47 | 0.47 | 0.47 | 0.46 | 0.44 | 0.34 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.17 | 0.17 | 0.17 | - | 0.18 | 0.18 | 0.16 | - |
| Inventory turnover | 1.07 | - | 0.94 | 1.08 | 1.16 | - | 1.13 | 1.32 | 0.89 | - |
| Days sales outstanding | 377d | - | 368d | 377d | 385d | - | 372d | 365d | 388d | - |
| Days inventory outstanding | 341d | - | 390d | 337d | 315d | - | 324d | 276d | 410d | - |
| Days payable outstanding | 270d | - | 304d | 273d | 226d | - | 189d | 141d | 185d | - |
| Cash conversion cycle | 448d | - | 454d | 441d | 475d | - | 506d | 500d | 613d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.6% | - | -4.9% | -6.9% | -0.9% | - | 1.7% | 10.4% | 10.8% | - |
| Revenue CAGR (3y) | 2.6% | - | 1.4% | -0.0% | 3.3% | - | 7.1% | 13.4% | 2.2% | - |
| Revenue CAGR (5y) | 0.8% | - | -1.8% | -2.6% | -2.1% | - | -2.7% | -2.1% | -1.8% | - |
| Gross profit growth (YoY) | 9.1% | - | 10.3% | 34.4% | 9.0% | - | -3.7% | -17.6% | -3.2% | - |
| Operating income growth (YoY) | - | - | - | - | 71.5% | - | 2.8% | -183.1% | -158.8% | - |
| Net income growth (YoY) | - | - | 96.7% | 98.1% | 65.7% | - | -39.8% | -229.4% | -118.5% | - |
| EPS growth (YoY) | - | - | 95.7% | 98.0% | 66.1% | - | -35.3% | -217.0% | -111.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -29.8% | - | - | - | - | - | - | - | -111.3% | - |
| FCF CAGR (5y) | -25.0% | - | - | - | 4.2% | - | - | - | - | - |
| Book value growth (YoY) | -0.7% | -7.1% | -1.4% | -5.4% | -11.6% | -13.6% | -13.5% | -9.1% | -6.4% | -4.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$342.43M totalReportable Segment$342.43M · 100.0%
Product / service
$616.49M totalProduct$260.19M · 42.2%
Product Sales$235.15M · 38.1%
Service$82.23M · 13.3%
Service Sales$38.91M · 6.3%
Geographic
$684.85M totalAmericas$158.31M · 23.1%
North America$141.19M · 20.6%
EMEA$108.42M · 15.8%
Asia Pacific$75.70M · 11.1%
EMEAOther$62.50M · 9.1%
DE$45.91M · 6.7%
Asia And Other$27.12M · 4.0%
CN$26.85M · 3.9%
JP$21.73M · 3.2%
Americas Other Than US$17.12M · 2.5%
Peer comparison
Same SIC group: Measuring & Controlling Devices, NEC
Comparing FARO TECHNOLOGIES INC against the 5 most active filers in the same SIC group.