faro is the world’s most trusted source for 3d measurement technology. the company develops and markets computer-aided measurement and imaging devices and software. technology from faro permits high-precision 3d measurement, imaging and comparison of parts and compound structures within production and quality assurance processes. the devices are used for inspecting components and assemblies, production planning, documenting large volume spaces or structures in 3d, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. worldwide, approximately 15,000 customers are operating more than 30,000 installations of faro's systems. the company's global headquarters is located in lake mary, fla., its european head office in stuttgart, germany and its asia/pacific head office in singapore. faro has branches in brazil, mexico, germany, united kingdom, france, spain, italy, poland, netherlands, india, china, singapore, malaysia, vietnam, thaila
Company profile
Ticker
FARO
Exchange
Website
CEO
Michael Burger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Antares-Desenvolvimento de Software, Lda. • FARO Benelux BV • FARO Business Technologies India Pvt. Ltd. • FARO Cayman LP • FARO Delaware, LLC • FARO Europe GmbH • FARO FHN Netherlands Holdings B.V. • FARO Technologies Italy S.r.l. • FARO Japan Inc. • FARO Technologies (Shanghai) Co., Ltd. ...
IRS number
593157093
FARO stock data
Latest filings (excl ownership)
8-K
Other Events
15 Mar 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
FARO Announces Fourth Quarter and Full Year 2023 Financial Results
27 Feb 24
8-K
FARO Technologies Announces CFO Transition
16 Jan 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
FARO Announces Third Quarter Financial Results
1 Nov 23
S-8
Registration of securities for employees
2 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
FARO Announces Second Quarter Financial Results
2 Aug 23
8-K
Departure of Directors or Certain Officers
26 Jul 23
Transcripts
FARO
Earnings call transcript
2023 Q4
28 Feb 24
FARO
Earnings call transcript
2023 Q3
2 Nov 23
FARO
Earnings call transcript
2023 Q2
2 Aug 23
FARO
Earnings call transcript
2023 Q1
3 May 23
FARO
Earnings call transcript
2022 Q4
15 Feb 23
FARO
Earnings call transcript
2022 Q3
5 Nov 22
FARO
Earnings call transcript
2022 Q2
4 Aug 22
FARO
Earnings call transcript
2022 Q1
28 Apr 22
FARO
Earnings call transcript
2022 Q4
17 Feb 22
FARO
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
144
Notice of proposed sale of securities
27 Mar 24
4
Matthew Horwath
15 Mar 24
4
JEFFREY D SEXTON
15 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
JEFFREY D SEXTON
5 Mar 24
4
Matthew Horwath
5 Mar 24
4
PETER JAMES LAU
5 Mar 24
SC 13G/A
Divisar Capital Management LLC
14 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 79.92 mm | 79.92 mm | 79.92 mm | 79.92 mm | 79.92 mm | 79.92 mm |
Cash burn (monthly) | (no burn) | (no burn) | 2.41 mm | 4.58 mm | 1.46 mm | 2.02 mm |
Cash used (since last report) | n/a | n/a | 16.47 mm | 31.27 mm | 9.96 mm | 13.82 mm |
Cash remaining | n/a | n/a | 63.45 mm | 48.65 mm | 69.96 mm | 66.10 mm |
Runway (months of cash) | n/a | n/a | 26.3 | 10.6 | 48.0 | 32.7 |
Institutional ownership, Q3 2023
94.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 122 |
Opened positions | 8 |
Closed positions | 19 |
Increased positions | 51 |
Reduced positions | 40 |
13F shares | Current |
---|---|
Total value | 272.52 bn |
Total shares | 17.91 mm |
Total puts | 1.00 k |
Total calls | 6.90 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 1.53 mm | $23.31 bn |
Vanguard | 1.48 mm | $22.58 bn |
Divisar Capital Management | 1.45 mm | $22.10 bn |
STT State Street | 957.02 k | $14.58 bn |
Paradice Investment Management | 779.58 k | $11.87 bn |
Kent Lake Capital | 650.00 k | $9.90 bn |
Royce & Associates | 638.39 k | $9.72 bn |
D. E. Shaw & Co. | 563.38 k | $8.58 bn |
Invenomic Capital Management | 554.25 k | $8.44 bn |
Polar Asset Management Partners | 544.20 k | $8.29 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Matthew Horwath | Common Stock | Sell | Dispose S | No | No | 20.06 | 99 | 1.99 k | 30,149 |
13 Mar 24 | Matthew Horwath | Common Stock | Sell | Dispose S | No | No | 20.06 | 679 | 13.62 k | 30,248 |
13 Mar 24 | Jeffrey D Sexton | Common Stock | Sell | Dispose S | No | No | 20.06 | 1,362 | 27.32 k | 27,706 |
13 Mar 24 | Jeffrey D Sexton | Common Stock | Sell | Dispose S | No | No | 20.06 | 138 | 2.77 k | 29,068 |
1 Mar 24 | Jeffrey D Sexton | Common Stock | Grant | Acquire A | No | No | 0 | 10,787 | 0.00 | 29,206 |
1 Mar 24 | Jeffrey D Sexton | RSU Restricted Stock Units | Grant | Acquire A | No | No | 0 | 16,180 | 0.00 | 29,765 |
1 Mar 24 | Matthew Horwath | Common Stock | Grant | Acquire A | No | No | 0 | 14,382 | 0.00 | 30,927 |
1 Mar 24 | Matthew Horwath | RSU Common Stock | Grant | Acquire A | No | No | 0 | 21,573 | 0.00 | 23,643 |
1 Mar 24 | Peter James Lau | Common Stock | Grant | Acquire A | No | No | 0 | 41,348 | 0.00 | 150,057 |
1 Mar 24 | Peter James Lau | Performance Share Units Common Stock | Grant | Acquire A | No | No | 0 | 62,022 | 0.00 | 225,086 |
News
Needham Reiterates Buy on Faro Technologies, Maintains $27 Price Target
12 Mar 24
Needham Reiterates Buy on Faro Technologies, Maintains $27 Price Target
29 Feb 24
Faro Technologies Q4 2023 Adj EPS $0.36 Beats $0.21 Estimate, Sales $98.84M Beat $96.17M Estimate
27 Feb 24
Earnings Scheduled For February 27, 2024
27 Feb 24
Needham Maintains Buy on Faro Technologies, Raises Price Target to $27
29 Jan 24