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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.

Company profile

Ticker
FARO
Exchange
Website
CEO
Michael Burger
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
593157093

FARO stock data

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Calendar

28 Jul 21
29 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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) 133.34M 133.34M 133.34M 133.34M 133.34M 133.34M
Cash burn (monthly) 12.21M 3.36M 524.33K 793.92K 674.33K 581.58K
Cash used (since last report) 12.12M 3.34M 520.47K 788.07K 669.37K 577.3K
Cash remaining 121.22M 130M 132.82M 132.55M 132.67M 132.76M
Runway (months of cash) 9.9 38.6 253.3 167.0 196.7 228.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Jul 21 Muhich Allen L. Common Stock Payment of exercise Dispose F No No 73 1,022 74.61K 5,289
26 Jul 21 Muhich Allen L. Common Stock Option exercise Aquire M No No 0 3,147 0 6,311
26 Jul 21 Muhich Allen L. RSU Common Stock Option exercise Dispose M No No 0 3,147 0 3,147
1 Jul 21 Yuval Wasserman Deferred Stock Units Common Stock Grant Aquire A No No 0 221 0 647
1 Jul 21 Cole Stephen Deferred Stock Units Common Stock Grant Aquire A No No 0 229 0 2,394
17 Jun 21 Burger Michael D Common Stock Payment of exercise Dispose F No No 77.38 5,075 392.7K 17,276
17 Jun 21 Burger Michael D Common Stock Option exercise Aquire M No No 0 10,421 0 22,351
17 Jun 21 Burger Michael D RSU Common Stock Option exercise Dispose M No No 0 10,421 0 10,421
1 Jun 21 Brubaker Lynn Common Stock Grant Aquire A No No 0 1,329 0 3,071

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

96.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 158 153 +3.3%
Opened positions 26 18 +44.4%
Closed positions 21 12 +75.0%
Increased positions 53 52 +1.9%
Reduced positions 52 49 +6.1%
13F shares
Current Prev Q Change
Total value 1.87B 1.24B +50.1%
Total shares 17.53M 17.62M -0.5%
Total puts 7.1K 0 NEW
Total calls 11.8K 0 NEW
Total put/call ratio 0.6
Largest owners
Shares Value Change
BLK Blackrock 3.25M $281.6M +13.1%
Vanguard 1.96M $169.78M +3.8%
Royce & Associates 1.06M $91.38M -8.8%
Paradice Investment Management 802.95K $69.51M -0.3%
Segall Bryant & Hamill 799.22K $69.19M -14.4%
Barrow Hanley Mewhinney & Strauss 791.7K $68.54M -8.8%
STT State Street 573.44K $49.64M +1.1%
Dimensional Fund Advisors 529.76K $45.86M -13.0%
Polar Asset Management Partners 465.41K $40.29M +0.7%
GS Goldman Sachs 434.18K $37.59M -10.0%
Largest transactions
Shares Bought/sold Change
Baillie Gifford & Co 0 -446.11K EXIT
BLK Blackrock 3.25M +377.41K +13.1%
FMR 340.08K +340.05K +1259444.4%
Tikvah Management 0 -265.2K EXIT
Norges Bank 0 -224.63K EXIT
Segall Bryant & Hamill 799.22K -134.18K -14.4%
Emerald Advisers 242.24K +129.27K +114.4%
Emerald Mutual Fund Advisers Trust 241.32K +121.82K +101.9%
American Century Companies 117.14K +117.14K NEW
DB Deutsche Bank AG - Registered Shares 125.22K +110.32K +740.6%

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 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • FARO Technologies, Inc. (“FARO,” the “Company,” “us,” “we” or “our”) has made “forward-looking statements” in this report (within the meaning of the Private Securities Litigation Reform Act of 1995). Statements that are not historical facts or that describe our plans, beliefs, goals, intentions, objectives, projections, expectations, assumptions, strategies, or future events are forward-looking statements. In addition, words such as “may,” “might,” “would,” “will,” “will be,” “future,” “strategy,” “believe,” “plan,” “should,” “could,” “seek,” “expect,” “anticipate,” “intend,” “estimate,” “goal,” “objective,” “project,” “forecast,” “target” and similar words identify forward-looking statements.
  • Forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Consequently, undue reliance should not be placed on these forward-looking statements. We do not intend to update any forward-looking statements, whether as a result of new information, future events, or otherwise, unless otherwise required by law. Important factors that could cause actual results to differ materially from those contemplated in such forward-looking statements include, among others, the following:
Content analysis
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Positive
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Uncertain
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Legalese
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Readability
H.S. sophomore Good
New words: anniversary, automatic, Chairperson, chart, Committee, convenience, device, director, grant, Holobuilder, inline, membership, Nominating, notice, partnership, phased, photo, Policy, Sanmina, Stuttgart, Talent
Removed: declined, emerging, evaluate, filing, originate, qualitative, quantitative, reputation, state, submitted, supplier, trading, unfavorable