FARO TECHNOLOGIES, INC FARO Income Statement

Faro technologies, inc (FARO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
SALES
Sales
381,765	403,627	360,917	325,584	317,548	341,826	291,784	273,395	254,164	191,775	147,703
COST OF SALES
Cost of Sales
183,633	182,074	162,235	147,624	150,312	153,316	129,891	123,776	110,475	78,377	66,995
Gross Profit
198,132	221,553	198,682	177,960	167,236	188,510	161,893	149,619	143,689	113,398	80,708
Operating Expenses
Selling, general and administrative
177,378	169,717	152,299	-	-	-	-	-	-	-	-
Selling and marketing
-	-	-	79,870	79,837	80,804	71,689	64,446	62,117	50,679	48,598
General and administrative
-	-	-	40,813	36,370	35,331	30,600	29,065	26,806	26,776	24,956
Depreciation and amortization
-	-	-	13,868	11,217	7,428	7,038	6,976	6,712	6,326	5,530
Research and development
44,175	46,082	41,061	30,125	26,690	27,607	22,412	17,578	15,196	12,690	12,613
Impairment loss
35,213	0	0	-	-	-	-	-	-	-	-
Total operating expenses
256,766	215,799	193,360	164,676	154,114	151,170	131,739	118,065	110,831	96,471	91,697
(Loss) income from operations
-58,634	5,754	5,322	13,284	13,122	37,340	30,154	31,554	32,858	16,927	-10,989
Other (income) expense
Interest expense (income), net
714	429	319	212	111	96	74	160	101	105	253
Other expense, net
-2,313	-1,139	190	-822	-371	94	-1,357	-744	-1,217	-2,783	592
Interest expense
781	486	4	48	56	8	9	28	37	34	14
(Loss) income before income tax (benefit) expense
-61,014	4,558	5,827	12,626	12,806	37,522	28,862	30,942	31,705	14,215	-10,158
Income tax (benefit) expense
1,133	-372	20,343	1,519	-7	3,873	7,353	7,944	8,328	3,147	424
Net (loss) income
-62,147	4,930	-14,516	11,107	12,813	33,649	21,509	22,998	23,377	11,068	-10,582
Net (loss) income per share - Basic (in dollars per share)
-3.58	0.29	-0.87	0.67	0.74	1.95	1.26	1.36	1.42	0.69	-0.66
Net (loss) income per share - Diluted (in dollars per share)
-3.58	0.29	-0.87	0.67	0.74	1.93	1.25	1.34	1.39	0.68	-0.66
Weighted average shares - Basic (in shares)
17,383	17,043	16,711	16,654	17,288	17,247	17,087	16,910	16,503	16,153	16,125
Weighted average shares - Diluted (in shares)
17,383	17,348	16,711	16,681	17,389	17,416	17,241	17,129	16,868	16,365	16,125
Selling, general and administrative
177,378	169,717	152,299	-	-	-	-	-	-	-	-
Product
Sales
289,679	320,584	287,248	256,010	259,842	284,147	238,841	227,905	212,635	157,331	117,714
Cost of Sales
133,246	130,876	115,761	107,965	114,257	115,266	97,630	94,103	82,408	54,571	46,293
Service
Sales
92,086	83,043	73,669	69,574	57,706	57,679	52,943	45,490	41,529	34,444	29,989
Cost of Sales
50,387	51,198	46,474	39,659	36,055	38,050	32,261	29,673	28,067	23,806	20,702