FARO has announced its financial results for the fourth quarter and fiscal year ended December 31, 2017. Total sales increased by 17.8%, to $106.4 million for the quarter ended December 31, 2017 from $90.3M for the third quarter of 2017. Net income for third quarter 2017 was -$11M.
A complete chart of the financial results is available here.
FARO is the provider of 3D measurement, imaging and realization technology. 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
- 3D Machine Vision – 3D vision for both control and measurement to the manufacturing floor through 3D sensors and custom solution
- Construction BIM-CIM – 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
FARO’s global headquarters is located in Lake Mary, Florida. 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, FARO Cobalt Array Imager, and Tracer 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.
More information is available at http://www.faro.com.