FARO Company profile
About FARO Technologies, Inc.
FARO Technologies, Inc. is 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. The Company’s hardware products include Quantum Max FaroArm Series, Gage Max FaroArm, FARO Quantum Max ScanArms, FARO Vantage Laser Trackers, FARO Super 6DoF TrackArm, FARO Focus Laser Scanners, FARO Tracers Projectors for manufacturing, FARO ScanPlan 2D Handheld Mapper, FARO Focus Swift Indoor mobile scanner, FARO Trek 3D Laser Scanning Integration, FARO Freestyle 2 Handheld Scanner. Its software products include FARO As-Built, FARO BuildIT Construction, FARO BuildIT Metrology, FARO BuildIT Projector, FARO CAM2, FARO Zone 2D, FARO Zone 3D, FARO RevEng, FARO SCENE, FARO Visual Inspect Augmented Reality (AR), FARO WebShare.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, FARO Technologies, Inc. revenues increased 11% to $337.8M. Net loss totaled $40M vs. income of $629K. Revenues reflect Japan segment increase from $5M to $26M, Europe- Other segment increase of 23% to $55.6M. Net loss reflects Research and development increase of 14% to $48.8M (expense), Selling and marketing increase of 3% to $136.2M (expense).
Equity composition
Common Stock $.001 Par, 04/11, 50M auth., 16,338,708 issd.,less 680,235 shs. in Treas. @ $9.1M. Insiders own 1.36%. IPO 9/97, 3,360,000 shares (2,760,000 by Co.) @ $12 byRaymond James & Associates, Inc.
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