FARO Income Statement
| Period Ending: |
LTM
(Last Twelve Months) |
2023 12-31 |
2022 12-31 |
2021 12-31 |
2020 12-31 |
2019 12-31 |
2018 12-31 |
2017 12-31 |
2016 12-31 |
2015 12-31 |
2014 12-31 |
2013 12-31 |
2012 12-31 |
2011 12-31 |
2010 12-31 |
2009 12-31 |
2008 12-31 |
2007 12-31 |
2006 12-31 |
2005 12-31 |
2004 12-31 |
2003 12-31 |
2002 12-31 |
2001 12-31 |
2000 12-31 |
1999 12-31 |
1998 12-31 |
1997 12-31 |
1996 12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Report Filing: | 2024-02-28 | 2023-02-15 | 2022-02-16 | 2021-02-17 | 2020-02-19 | 2019-02-21 | 2018-02-21 | 2017-02-24 | 2016-02-29 | 2015-02-25 | 2014-02-26 | 2013-02-27 | 2012-02-28 | 2011-02-25 | 2010-02-26 | 2009-02-27 | 2008-03-10 | 2007-03-15 | 2006-06-29 | 2005-03-16 | 2004-03-24 | 2003-03-27 | 2002-03-28 | 2001-04-02 | 2000-03-29 | 1999-04-02 | 1998-03-27 | 1996-12-31 | |
| Revenue | 358831000 | 345765000 | 337814000 | 303768000 | 381765000 | 403627000 | 360917000 | 325584000 | 317548000 | 341826000 | 291784000 | 273395000 | 254164000 | 191775000 | 147703000 | 209249000 | 191617000 | 152405000 | 125590000 | 97019875 | 71785980 | 46246372 | 35113596 | 40452913 | 33105740 | 27500000 | 23500000 | 14600000 | |
| Cost of Revenue | 184532000 | 170002000 | 153887000 | 143921000 | 183633000 | 175282000 | 156280000 | 147624000 | 149871000 | 152912000 | 129891000 | 123776000 | 110475000 | 78377000 | 66995000 | 84023000 | 76574000 | 62947000 | 52658000 | 37023704 | 29520249 | 21109609 | 14304083 | 14748628 | 14160938 | 11100000 | 9600000 | 6500000 | |
| Gross Profit | 174299000 | 175763000 | 183927000 | 159847000 | 198132000 | 228345000 | 204637000 | 177960000 | 167677000 | 188914000 | 161893000 | 149619000 | 143689000 | 113398000 | 80708000 | 125226000 | 115043000 | 89458000 | 72932000 | 59996171 | 42265731 | 25136763 | 20809513 | 25704285 | 18944802 | 16400000 | 13900000 | 8100000 | |
| Operating Expenses | 199142000 | 196072000 | 185065000 | 174723000 | 221553000 | 222591000 | 199315000 | 164676000 | 154555000 | 151574000 | 131739000 | 118065000 | 110831000 | 96471000 | 91697000 | 106289000 | 95932000 | 81199000 | 62706000 | 45412339 | 34825596 | 28076006 | 25179223 | 26401385 | 25408367 | 18900000 | 9000000 | 5400000 | |
| Research & Development | 41806000 | 49415000 | 48761000 | 42896000 | 44175000 | 39706000 | 35376000 | 30125000 | 26558000 | 27510000 | 22412000 | 17578000 | 15196000 | 12690000 | 12613000 | 12625000 | 10256000 | 7228000 | 6440000 | 5441048 | 4530467 | 4033462 | 3370716 | 3549670 | 3828801 | 2600000 | 1100000 | 700000 | |
| Selling, General and Administrative | 157336000 | 146657000 | 136234000 | 131827000 | 177378000 | 164572000 | 147351000 | 120683000 | 116780000 | 116636000 | 102289000 | 93511000 | 88923000 | 77455000 | 73554000 | 89159000 | 81642000 | 69836000 | 52813000 | 37631795 | 27457575 | 21765255 | 19249012 | 19920169 | 17114125 | 13300000 | 7600000 | 4500000 | |
| Other Operating Expenses | 0 | 0 | 70000 | 0 | 0 | 18313000 | 16588000 | 13868000 | 11217000 | 7428000 | 7038000 | 6976000 | 6712000 | 6326000 | 5530000 | 4505000 | 4034000 | 4135000 | 3453000 | 2339496 | 2837554 | 2277289 | 2559495 | 2931546 | 4465441 | 3000000 | 300000 | 200000 | |
| Operating Income | -24843000 | -20309000 | -1138000 | -14876000 | -23421000 | 5754000 | 5322000 | 13284000 | 13122000 | 37340000 | 30154000 | 31554000 | 32858000 | 16927000 | -10989000 | 18937000 | 19111000 | 8259000 | 10226000 | 14583832 | 7440135 | -2939243 | -4369710 | -697100 | -6463565 | -2500000 | 4900000 | 2700000 | |
| Net Interest(Non Operating) | -3348000 | 0 | 0 | 340000 | -67000 | -57000 | 315000 | 116000 | 55000 | 88000 | 65000 | 132000 | 64000 | 71000 | 239000 | -2622000 | -2045000 | 759000 | 656000 | 367750 | 0 | 28036 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Income | 0 | 36000 | 55000 | 340000 | 714000 | 429000 | 319000 | 164000 | 111000 | 96000 | 74000 | 160000 | 101000 | 105000 | 253000 | -2170000 | -2036000 | 743000 | 567000 | 355682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Expense | 3348000 | 36000 | 55000 | 0 | 781000 | 486000 | 4000 | 48000 | 56000 | 8000 | 9000 | 28000 | 37000 | 34000 | 14000 | 452000 | 9000 | -16000 | -89000 | -12068 | 0 | -28036 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Equity & Other Income/(Expense) | -25871000 | -1342000 | -7423000 | -16237000 | -37526000 | -1139000 | 190000 | -774000 | -371000 | 94000 | -1357000 | -744000 | -1217000 | -2783000 | 592000 | 2045000 | 5970000 | 758000 | -984000 | 337583 | 1995135 | 1106376 | 1863484 | 1161298 | -2052721 | -1900000 | 400000 | -200000 | |
| Income Before Tax | -54062000 | -21651000 | -8561000 | -30773000 | -61014000 | 4558000 | 5827000 | 12626000 | 12806000 | 37522000 | 28862000 | 30942000 | 31705000 | 14215000 | -10158000 | 18360000 | 23036000 | 9776000 | 9898000 | 15289165 | 9435270 | -1804831 | -2506226 | 464198 | -8516286 | -4400000 | 5300000 | 2500000 | |
| Income Tax Expense | 2515000 | 5105000 | 31403000 | -31402000 | 1133000 | -372000 | 20343000 | 1519000 | -7000 | 3873000 | 7353000 | 7944000 | 8328000 | 3147000 | 424000 | 4408000 | 4943000 | 1580000 | 1719000 | 358291 | 1157530 | 210740 | 341738 | 424681 | -1121464 | 500000 | 2100000 | 1100000 | |
| Income Attributable to Non-Controlling Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Income | -56577000 | -26756000 | -39964000 | 629000 | -62147000 | 4930000 | -14516000 | 11107000 | 12813000 | 33649000 | 21509000 | 22998000 | 23377000 | 11068000 | -10582000 | 13952000 | 18093000 | 8196000 | 8179000 | 14930874 | 8277740 | -2015571 | -2847964 | 39517 | -7394822 | -4900000 | 3200000 | 1400000 | |
| Depreciation and Amortization | 15479000 | 18597000 | 13396000 | 14148000 | 16917000 | 18313000 | 16588000 | 13868000 | 11217000 | 7428000 | 7038000 | 6976000 | 6712000 | 6326000 | 5530000 | 4505000 | 5250000 | 4536000 | 3453000 | 2339496 | 2119030 | 2267763 | 2559495 | 2931546 | 4465441 | 3000000 | 300000 | 200000 | |
| EBITDA | -9364000 | -1712000 | 12258000 | -728000 | -6504000 | 24067000 | 21910000 | 27152000 | 24339000 | 44768000 | 37192000 | 38530000 | 39570000 | 23253000 | -5459000 | 23442000 | 24361000 | 12795000 | 13679000 | 16923328 | 9559165 | -671480 | -1810215 | 2234446 | -1998124 | 500000 | 5200000 | 2900000 | |
| Earnings Per Share (EPS) | -2.99 | -1.46 | -2.2 | 0.0354 | -3.58 | 0.29 | -0.87 | 0.67 | 0.74 | 1.95 | 1.26 | 1.36 | 1.42 | 0.69 | -0.66 | 0.84 | 1.17 | 0.57 | 0.58 | 1.08 | 0.68 | -0.17 | -0.26 | 0.0036 | -0.67 | -0.46 | 0.41 | 0.2 | |
| Diluted Earnings Per Share | -2.99 | -1.46 | -2.2 | 0.0351 | -3.58 | 0.28 | -0.87 | 0.67 | 0.74 | 1.93 | 1.25 | 1.34 | 1.39 | 0.68 | -0.66 | 0.83 | 1.15 | 0.56 | 0.57 | 1.06 | 0.64 | -0.17 | -0.26 | 0.0036 | -0.67 | -0.46 | 0.39 | 0.19 | |
| Weighted Average Shares Outstanding | 18917778 | 18318191 | 18187946 | 17769958 | 17383415 | 17043167 | 16685057 | 16654786 | 17288665 | 17247727 | 17087104 | 16910830 | 16503773 | 16153831 | 16125449 | 16632608 | 15443259 | 14397050 | 14169140 | 13833590 | 12181221 | 11853732 | 11032449 | 9327950 | 11037048 | 10652174 | 7804878 | 7000000 | |
| Diluted Weighted Average Shares Outstanding | 18917778 | 18318191 | 18187946 | 17926324 | 17383415 | 17348456 | 16711534 | 16681710 | 17389473 | 17416453 | 17241115 | 17129128 | 16868471 | 16365826 | 16125449 | 16734403 | 15722215 | 14560331 | 14442248 | 14023159 | 12845992 | 11853732 | 11032449 | 9327950 | 11037048 | 10652174 | 8205128 | 7368421 |
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