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
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Antares-Desenvolvimento de Software, Lda. • CAM2 S.r.l. • 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 Japan Inc. • FARO International (Shanghai) Co., Ltd. ...
IRS number
593157093
FARO stock data
Analyst ratings and price targets
Latest filings (excl ownership)
SD
Conflict minerals disclosure
2 Jun 23
8-K
Departure of Directors or Certain Officers
30 May 23
DEFA14A
Additional proxy soliciting materials
17 May 23
8-K/A
Departure of Directors or Certain Officers
17 May 23
10-Q
2023 Q1
Quarterly report
8 May 23
DEFA14A
Additional proxy soliciting materials
3 May 23
8-K
Departure of Directors or Certain Officers
3 May 23
8-K
FARO Announces First Quarter Financial Results
3 May 23
ARS
2022 FY
Annual report to shareholders
24 Apr 23
DEF 14A
Definitive proxy
24 Apr 23
Transcripts
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
FARO
Earnings call transcript
2021 Q2
31 Jul 21
FARO
Earnings call transcript
2021 Q1
30 Apr 21
FARO
Earnings call transcript
2020 Q4
18 Feb 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| 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) | 68.56 mm | 68.56 mm | 68.56 mm | 68.56 mm | 68.56 mm | 68.56 mm |
| Cash burn (monthly) | (no burn) | 3.22 mm | 6.41 mm | 3.08 mm | 6.11 mm | 3.01 mm |
| Cash used (since last report) | n/a | 7.34 mm | 14.61 mm | 7.02 mm | 13.93 mm | 6.87 mm |
| Cash remaining | n/a | 61.23 mm | 53.96 mm | 61.54 mm | 54.63 mm | 61.70 mm |
| Runway (months of cash) | n/a | 19.0 | 8.4 | 20.0 | 8.9 | 20.5 |
Institutional ownership, Q1 2023
99.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 144 |
| Opened positions | 20 |
| Closed positions | 21 |
| Increased positions | 57 |
| Reduced positions | 50 |
| 13F shares | Current |
|---|---|
| Total value | 455.74 bn |
| Total shares | 18.75 mm |
| Total puts | 1.20 k |
| Total calls | 2.90 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 3.24 mm | $79.83 bn |
| Vanguard | 2.15 mm | $52.88 bn |
| STT State Street | 884.81 k | $21.78 bn |
| Royce & Associates | 819.70 k | $20.17 bn |
| Paradice Investment Management | 789.84 k | $19.44 bn |
| Segall Bryant & Hamill | 726.80 k | $17.88 bn |
| Dimensional Fund Advisors | 596.65 k | $14.68 bn |
| Divisar Capital Management | 582.71 k | $14.34 bn |
| GS Goldman Sachs | 570.48 k | $14.04 bn |
| Barrow Hanley Mewhinney & Strauss | 529.94 k | $13.04 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 May 23 | Chin Moonhie | Common Stock | Grant | Acquire A | No | No | 0 | 11,544 | 0.00 | 16,956 |
| 26 May 23 | Jawad A Ahsan | Common Stock | Grant | Acquire A | No | No | 0 | 11,544 | 0.00 | 14,992 |
| 26 May 23 | Brubaker Lynn | Common Stock | Grant | Acquire A | No | No | 0 | 11,544 | 0.00 | 16,956 |
| 26 May 23 | Davern Alexander M | Common Stock | Grant | Acquire A | No | No | 0 | 11,544 | 0.00 | 76,956 |
| 26 May 23 | Donofrio John | Common Stock | Grant | Acquire A | No | No | 0 | 11,544 | 0.00 | 53,932 |
Press releases
FARO Announces Strategic Partnership with HOLOGATE
6 Jun 23
Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
2 Jun 23
FARO Technologies Announces Retirement of President & CEO Michael Burger and appointment of Yuval Wasserman as Executive Chairman and Interim CEO
3 May 23
FARO Announces First Quarter Financial Results
3 May 23
FARO to Announce Financial Results for the First Quarter 2023 on May 3, 2023
26 Apr 23