FARO has announced its financial results for the third quarter and nine months ended September 30, 2018. Total sales increased by 2%, to $99.7M for the quarter ended September 30, 2018 from $98.2M for the quarter ended June 30, 2018. Net income for the third quarter of 2018 was -$2.4M.
Comparative analysis based on FARO’s financial results in the last 12 quarters (Result source FARO website)
Comparative analysis based on FARO’s financial results in the last 12 quarters (Result source FARO website)
A complete chart of the financial results is available here.
About FARO
FARO is the 3D measurement, imaging and realization technology provider. The company develops and markets computer-aided measurement and imaging devices and software for the following vertical markets:
- Factory Metrology – High-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes
- Construction BIM – 3D capture of as-built construction projects and factories to document complex structures and perform quality control, planning and preservation
- Public Safety Forensics – Capture and analysis of on-site real world data to investigate crash, crime and fire, plan security activities and provide virtual reality training for public safety personnel
- Product Design – Capture detailed and precise 3D data from existing products permitting CAD analysis and redesign, after market design and legacy part replication
- 3D Machine Vision – 3D vision for both control and measurement to the manufacturing floor through 3D sensors and custom solutions
FARO’s global headquarters is located in Lake Mary, FL. The company also has a technology center and manufacturing facility consisting of approximately 90,400 square feet located in Exton, Pennsylvania containing research and development, manufacturing and service operations of our FARO Laser Tracker and FARO Cobalt Array Imager product lines. The Company’s European regional headquarters is located in Stuttgart, Germany and its Asia-Pacific regional headquarters is located in Singapore. FARO has other offices in the United States, Canada, Mexico, Brazil, Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey, the Netherlands, Switzerland, India, China, Malaysia, Thailand, South Korea, Japan, and Australia.