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FARO Faro

For 40 years, FARO has provided industry-leading technology solutions that enable customers to quickly and easily measure their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven reliable accuracy, precision and immediacy.

FARO stock data

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Calendar

17 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Faro earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 185.63M 185.63M 185.63M 185.63M 185.63M 185.63M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 2.57M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 8.84M n/a n/a
Cash remaining n/a n/a n/a 176.8M n/a n/a
Runway (months of cash) n/a n/a n/a 68.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Yuval Wasserman Deferred Stock Units Common Stock Grant Aquire A No No 0 198 0 426
20 Mar 21 Katrona Tyrrell Common Stock Payment of exercise Dispose F No No 88.7 225 19.96K 2,931
20 Mar 21 Katrona Tyrrell Common Stock Option exercise Aquire M No No 0 924 0 3,156
20 Mar 21 Katrona Tyrrell RSU Common Stock Option exercise Dispose M No No 0 924 0 4,346
17 Mar 21 Van Rotterdam Jeroen RSU Common Stock Grant Aquire A No No 0 1,064 0 1,064
25 Feb 21 Katrona Tyrrell Common Stock Payment of exercise Dispose F No No 92.3 213 19.66K 2,232
25 Feb 21 Katrona Tyrrell Common Stock Option exercise Aquire M No No 0 871 0 2,445
25 Feb 21 Katrona Tyrrell RSU Common Stock Option exercise Dispose M No No 0 871 0 871

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 153 147 +4.1%
Opened positions 18 10 +80.0%
Closed positions 12 16 -25.0%
Increased positions 52 49 +6.1%
Reduced positions 49 52 -5.8%
13F shares
Current Prev Q Change
Total value 1.24B 1.06B +17.1%
Total shares 17.62M 17.42M +1.1%
Total puts 0 0
Total calls 0 5.5K EXIT
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 2.88M $203.09M +5.1%
Vanguard 1.89M $133.43M +1.9%
Royce & Associates 1.16M $81.78M -1.2%
Segall Bryant & Hamill 933.39K $65.93M +9.4%
Barrow Hanley Mewhinney & Strauss 867.92K $61.3M -7.2%
Paradice Investment Management 805.61K $56.9M -1.3%
Dimensional Fund Advisors 609.11K $43.02M -6.0%
STT State Street 567.43K $40.08M -0.2%
GS Goldman Sachs 482.38K $34.07M -10.1%
Polar Asset Management Partners 462.31K $32.65M +6.1%
Largest transactions
Shares Bought/sold Change
Norges Bank 224.63K +224.63K NEW
Contour Asset Management 0 -213.73K EXIT
BLK Blackrock 2.88M +140.22K +5.1%
Tikvah Management 265.2K -118.99K -31.0%
Millennium Management 109.82K +109.82K NEW
Segall Bryant & Hamill 933.39K +79.86K +9.4%
Barrow Hanley Mewhinney & Strauss 867.92K -66.95K -7.2%
Emerald Mutual Fund Advisers Trust 119.5K +61.24K +105.1%
GS Goldman Sachs 482.38K -54.44K -10.1%
Emerald Advisers 112.97K +53.76K +90.8%

Financial report summary

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Competition
TrimbleNikonHexagon AB
Risks
  • Competitors may develop products that make our products obsolete or less competitive.
  • Our growth depends on the ability of our products to attain broad market acceptance.
  • We may not be able to identify or consummate acquisitions or achieve expected benefits from or effectively integrate acquisitions, which could harm our growth.
  • The buying process for most of our customers for our measurement products is highly decentralized and typically requires significant time and expense for us to further penetrate the potential market of a specific customer, which may delay our ability to generate additional revenue.
  • On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the United States and around the world. Our operations are significantly vulnerable to the effects of pandemics, such as COVID-19, which have, and could continue to materially impact our business.
  • We have experienced a significant transition in our executive management team in the last two years. Any delay in the integration of our executive management team or our failure to successfully attract and retain qualified personnel could have an adverse effect on our business and results of operations.
  • We derive a substantial part of our revenues from our international operations, which are subject to greater volatility and often require more management time and expense to achieve profitability than our domestic operations.
  • We may experience volatility in our stock price.
  • We are subject to risks of natural disasters and other catastrophic events.
  • Developments relating to the United Kingdom's (“UK”) exit from European Union membership could adversely impact our business.
  • We may face difficulties managing the effects of any future growth.
  • Reductions in defense spending could adversely affect our business.
  • Anti-takeover provisions in our articles of incorporation, bylaws and provisions of Florida law could delay or prevent a change of control that you may favor.
  • Our financial performance is dependent on the conditions of various industries, including the automotive, aerospace, and heavy-equipment industries, which have from time to time experienced, and may again experience, significant disruptions in the economic environment.
  • Because a significant portion of our revenues and expenses are denominated in foreign currencies, we face significant exposure to foreign exchange rate risk.
  • We may be unable to recognize the anticipated benefits of our Restructuring Plan and our new strategic plan.
  • Changes in tariffs and other export regulations could increase the cost of our products sold to our international customers, which could negatively impact our sales and profitability.
  • We may not be able to achieve financial results within our target goals, and our operating results may fluctuate due to a number of factors, many of which are beyond our control.
  • Future impairments of our goodwill, intangible and long-lived assets could adversely affect our financial condition and results of operations.
  • If we fail to establish and maintain effective internal controls over financial reporting, our financial statements could contain a material misstatement, which could adversely affect our business and financial condition.
  • Our financial results may be adversely affected by exposure to additional tax liabilities.
  • A valuation allowance may be required for our U.S. deferred tax assets, which may reduce our earnings and have a material adverse effect on our business, results of operations and financial condition.
  • Product failures or product availability and performance issues could result in increased warranty costs and delays in new product introductions and enhancements, and could adversely affect our business and financial condition.
  • Increases in the cost of raw materials or components used in our products could negatively impact our business and profitability.
  • We compete with manufacturers of measurement systems and traditional measurement devices, many of which have more resources than us and may develop new products and technologies.
  • We are subject to the impact of governmental and other similar certification processes and regulations, which could adversely affect our business and results of operations.
  • Our sales to the U.S. government are subject to compliance with regulatory and contractual requirements, and noncompliance could expose us to liability or impede current or future business.
  • Any failure to comply with the Foreign Corrupt Practices Act or similar anti-corruption laws could subject us to fines and penalties.
  • Any failure to protect our patents and proprietary rights in the United States and foreign countries could adversely affect our revenues.
  • Claims from others that we infringed on their intellectual property rights may adversely affect our business and financial condition.
  • Our dependence on suppliers for materials could impair our ability to manufacture our products.
  • Risks generally associated with our information systems could adversely affect our business reputation and results of operations.
Management Discussion
  • ITEM 7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We are a global technology company that designs, develops, manufactures, markets and supports software driven, three-dimensional (“3D”) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (“AEC”) and public safety analytics markets. We enable our customers to capture, measure, manipulate, interact with and share data from the physical world in a virtual environment and then translate this information back into the physical domain. Our technology enables highly accurate 3D measurement, imaging, comparison and projection of parts and complex structures within production, assembly and quality assurance processes. Our FARO suite of 3D products and software solutions are used for inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volume or structures in 3D, surveying and construction, assembly layout, machine guidance as well as in investigation and reconstructions of crash and crime scenes. We sell the majority of our solutions through a direct sales force across a range of industries including automotive, aerospace, metal and machine fabrication, surveying, architecture, engineering and construction, public safety forensics and other industries.
  • We derive our revenues primarily from the sale of our measurement equipment and related multi-faceted software programs. Revenue related to these products is generally recognized upon shipment. In addition, we sell extended warranties and training and technology consulting services relating to our products. We recognize the revenue from hardware service contracts and software maintenance contracts on a straight-line basis over the contractual term, and revenue from training and technology consulting services when the services are provided.
Content analysis
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