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

18.94USD-0.63 (-3.22%)Market Closed

Market Summary

USD18.94-0.63

Market Closed

-3.22%

FARO Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

FARO Stock Price

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FARO RSI Chart

FARO Valuation

Market Cap

375.9M

Price/Earnings (Trailing)

-8.81

Price/Sales (Trailing)

1.05

EV/EBITDA

-11.22

Price/Free Cashflow

19.23

FARO Price/Sales (Trailing)

FARO Profitability

Operating Margin

56.01%

EBT Margin

-11.45%

Return on Equity

-16.29%

Return on Assets

-8.67%

Free Cashflow Yield

5.2%

FARO Fundamentals

FARO Revenue

Revenue (TTM)

358.1M

Rev. Growth (Yr)

-0.85%

Rev. Growth (Qtr)

-14.77%

FARO Earnings

Earnings (TTM)

-42.7M

Earnings Growth (Yr)

65.66%

Earnings Growth (Qtr)

-557.62%

Breaking Down FARO Revenue

52 Week Range

10.3020.71

(Low)(High)

Last 7 days

6.7%

Last 30 days

-4.8%

Last 90 days

-14.9%

Trailing 12 Months

62.4%

How does FARO drawdown profile look like?

FARO Financial Health

Current Ratio

2.35

FARO Investor Care

Shares Dilution (1Y)

1.61%

Diluted EPS (TTM)

-2.25

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2024	358.1M	0	0	0
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
May 08, 2024	Russell Investments Group, Ltd.	reduced	-0.9	-41,270	725,164	-%
May 08, 2024	US BANCORP \DE\	reduced	-66.78	-128,756	59,799	-%
May 08, 2024	BAILARD, INC.	sold off	-100	-256,346	-	-%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	added	8.78	7,000	214,000	-%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	sold off	-100	-671,259	-	-%
May 07, 2024	ASSETMARK, INC	new	-	22.00	22.00	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	sold off	-100	-318,597	-	-%
May 06, 2024	STONERIDGE INVESTMENT PARTNERS LLC	new	-	248,000	248,000	0.09%
May 03, 2024	Glassman Wealth Services	sold off	-100	-1,893	-	-%
May 03, 2024	SIGNATUREFD, LLC	unchanged	-	-13,231	279,028	0.01%

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
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
May 01, 2024	ARS	ARS
May 01, 2024	DEF 14A	DEF 14A
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

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	2.8T	381.6B	8.83%	6.54%	28.19	7.42	-0.90%	6.43%
APH	76.6B	12.8B	10.97%	69.08%	37.62	5.97	1.52%	6.35%
GLW	29.3B	12.4B	5.10%	9.33%	47.44	2.37	-9.51%	-33.28%
FTV	27.3B	6.1B	-7.95%	20.06%	30.32	4.45	3.71%	17.79%
FLEX	12.1B	29.4B	-0.42%	35.81%	16.06	0.41	-1.12%	-8.06%
MID-CAP
CGNX	8.0B	847.2M	10.26%	-7.66%	80.11	9.42	-8.39%	-42.67%
ARW	6.7B	31.3B	-2.69%	5.66%	9.37	0.21	-14.93%	-46.67%
BMI	5.8B	740.8M	25.31%	42.43%	56.66	7.83	25.07%	42.99%
AVT	4.7B	24.7B	4.84%	23.34%	8.19	0.19	-6.09%	-33.76%
ESE	2.9B	988.8M	6.69%	14.38%	29.19	2.9	8.64%	13.26%
SMALL-CAP
CNXN	1.7B	2.8B	-0.78%	59.03%	20.74	0.62	-10.09%	0.74%
BHE	1.4B	2.8B	33.42%	88.18%	21.76	0.51	-4.25%	-5.27%
GPRO	259.9M	986.2M	-15.69%	-57.11%	-0.72	0.26	-6.21%	-5303.34%
AEY	29.9M	56.7M	-21.26%	24.22%	-3.8	0.59	-41.04%	-726.48%
CPSH	26.3M	26.4M	2.84%	-39.26%	34.22	1	-2.48%	-64.63%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-14.8%	84,244,000	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
Gross Profit	-13.9%	43,307,000	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
Operating Expenses	-0.6%	48,617,000	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
S&GA Expenses	0.4%	39,593,000	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
R&D Expenses	-2.3%	9,024,000	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
EBITDA Margin	31.6%	-0.07	-0.11	-0.11	-0.10	-0.05	-0.02	-0.01	-0.01	0.01	0.01	0.01	0.02	-	-	-	-	-	-	-	-	-
Income Taxes	146.9%	1,101,000	-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
Earnings Before Taxes	-705.0%	-6,166,000	-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
EBT Margin	24.0%	-0.11	-0.15	-0.15	-0.15	-0.10	-0.06	-0.05	-0.05	-0.03	-0.03	-0.03	-0.02	-	-	-	-	-	-	-	-	-
Net Income	-557.6%	-7,267,000	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
Net Income Margin	24.4%	-0.12	-0.16	-0.17	-0.16	-0.11	-0.08	-0.16	-0.16	-0.14	-0.12	0.06	0.06	-	-	-	-	-	-	-	-	-
Free Cashflow	-68.8%	5,252,000	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	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.5%	492	505	485	502	529	473	445	443	468	480	501	504	500	526	452	453	470	487	508	523	518
Current Assets	-2.0%	256	262	246	257	276	219	209	242	261	273	269	272	304	324	285	296	308	322	307	318	311
Cash Equivalents	3.6%	80.00	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
Inventory	2.5%	35.00	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
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23.00	23.00	25.00	27.00	28.00	30.00	31.00
Goodwill	-1.1%	108	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	-
Liabilities	-2.4%	230	236	226	231	232	162	146	145	151	153	144	146	149	165	138	145	153	155	141	149	142
Current Liabilities	-3.8%	109	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
Shareholder's Equity	-2.5%	262	269	259	271	296	311	299	298	317	326	357	357	351	360	313	309	317	332	368	374	377
Retained Earnings	-74.2%	-17.06	-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
Additional Paid-In Capital	1.3%	351	346	340	337	332	328	325	306	303	301	298	294	292	288	277	273	271	268	261	256	253
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81.00	80.00	76.00
Shares Outstanding	1.2%	19.00	19.00	19.00	19.00	19.00	19.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-64.8%	6,575	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
Share Based Compensation	-18.3%	4,539	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
Cashflow From Investing	88.2%	-2,765	-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
Cashflow From Financing	-113.1%	-40.00	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

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FARO Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Sales	$ 84,244	$ 84,967
Cost of sales	40,937	45,251
Gross profit	43,307	39,716
Operating expenses
Selling, general and administrative	39,593	41,376
Research and development	9,024	12,718
Restructuring costs	0	4,238
Total operating expenses	48,617	58,332
Loss from operations	(5,310)	(18,616)
Other (income) expense
Interest expense	831	835
Other (expense) income, net	25	(220)
Loss before income tax	(6,166)	(19,231)
Income tax expense	1,101	1,933
Net loss	$ (7,267)	$ (21,164)
Net loss per share - Basic (in dollars per share)	$ (0.38)	$ (1.12)
Net loss per share - Diluted (in dollars per share)	$ (0.38)	$ (1.12)
Weighted average shares - Basic (in shares)	19,046,855	18,816,110
Weighted average shares - Diluted (in shares)	19,046,855	18,816,110
Product
Sales	$ 63,536	$ 65,240
Cost of sales	30,452	33,957
Service
Sales	20,708	19,727
Cost of sales	$ 10,485	$ 11,294

FARO Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 79,518	$ 76,787
Short-term investments	19,763	19,496
Accounts receivable, net	88,908	92,028
Inventories, net	35,376	34,529
Prepaid expenses and other current assets	32,854	38,768
Total current assets	256,419	261,608
Non-current assets:
Property, plant and equipment, net	19,855	21,181
Operating lease right-of-use assets	11,075	12,231
Goodwill	108,359	109,534
Intangible assets, net	47,057	47,891
Service and sales demonstration inventory, net	20,655	23,147
Deferred income tax assets, net	24,933	25,027
Other long-term assets	3,951	4,073
Total assets	492,304	504,692
Current liabilities:
Accounts payable	25,314	27,404
Accrued liabilities	26,567	29,930
Income taxes payable	5,907	5,699
Current portion of unearned service revenues	41,012	40,555
Customer deposits	5,031	4,251
Lease liabilities	5,106	5,434
Total current liabilities	108,937	113,273
Loan - 5.50% Convertible Senior Notes	72,872	72,760
Unearned service revenues - less current portion	20,142	20,256
Lease liabilities - less current portion	9,690	10,837
Deferred income tax liabilities	12,543	13,308
Income taxes payable - less current portion	6,123	5,629
Other long-term liabilities	17	23
Total liabilities	230,324	236,086
Commitments and contingencies - See Note 12
Shareholders’ equity:
Common stock - par value $0.001, 50,000,000 shares authorized; 20,578,403 and 20,343,359 issued, respectively; 19,205,361 and 18,968,798 outstanding, respectively	20	20
Additional paid-in capital	350,816	346,277
Retained earnings	(17,056)	(9,789)
Accumulated other comprehensive loss	(41,145)	(37,247)
Common stock in treasury, at cost - 1,373,042 and 1,374,561 shares held, respectively	(30,655)	(30,655)
Total shareholders’ equity	261,980	268,606
Total liabilities and shareholders’ equity	$ 492,304	$ 504,692

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 Thu May 09 2024, market cap of FARO Technologies Inc is 375.86 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 Thu May 09 2024, FARO's PE ratio (Price to Earnings) is -8.81 and Price to Sales (PS) ratio is 1.05. 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 -0.076 (multiply by 100 for percentage) rate of return.