Faro technologies, inc (FARO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
SALES
Sales

79,515

104,141

90,516

93,491

93,617

112,844

99,705

98,244

92,834

106,423

90,250

82,682

81,562

91,698

79,600

78,538

75,748

91,327

72,507

83,775

69,939

104,153

82,239

82,060

73,374

89,895

68,190

68,329

65,370

80,670

60,734

66,762

65,229

77,080

64,807

59,711

52,566

58,515

45,286

45,705

42,269

COST OF SALES
Cost of Sales

35,642

62,119

39,744

41,172

40,598

53,380

49,093

40,553

39,048

50,284

38,216

35,922

37,813

43,021

36,922

34,604

33,077

43,119

37,636

39,229

30,328

47,284

36,198

36,543

33,291

40,574

29,369

31,403

28,545

37,601

28,430

29,702

28,043

33,568

28,418

26,195

22,294

23,979

18,903

18,617

16,878

Gross Profit

43,873

42,022

50,772

52,319

53,019

59,464

50,612

57,691

53,786

56,139

52,034

46,760

43,749

48,677

42,678

43,934

42,671

48,208

34,871

44,546

39,611

56,869

46,041

45,517

40,083

49,321

38,821

36,926

36,825

43,069

32,304

37,060

37,186

43,512

36,389

33,516

30,272

34,536

26,383

27,088

25,391

Operating Expenses
Selling, general and administrative

36,324

-

-

-

41,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling and marketing

-

-

30,218

29,124

-

-

28,482

30,084

28,271

-

25,990

26,022

22,872

23,471

19,781

18,715

17,903

21,725

18,944

20,063

19,105

24,597

19,059

19,715

17,433

21,957

16,366

16,716

16,650

18,413

14,154

15,841

16,038

17,960

14,696

15,309

14,152

15,710

11,707

12,027

11,235

General and administrative

-

-

15,662

14,424

-

-

13,102

11,320

11,073

-

10,307

11,877

10,699

9,674

10,747

10,242

10,150

9,264

8,239

9,066

9,801

9,219

8,832

8,867

8,413

7,984

7,275

7,826

7,515

7,037

7,266

8,134

6,628

6,875

6,424

6,917

6,590

7,300

7,201

6,028

6,247

Depreciation and amortization

-

-

-

4,573

-

-

4,747

4,377

4,343

-

4,368

3,989

3,718

4,135

3,381

3,266

3,086

3,195

2,790

2,739

2,493

1,908

1,805

1,868

1,847

1,770

1,699

1,736

1,833

1,812

1,796

1,689

1,679

1,665

1,711

1,722

1,614

1,492

1,779

1,515

1,540

Research and development

10,415

12,660

10,783

9,091

11,641

14,953

11,740

9,983

9,406

14,531

9,019

9,045

8,466

7,781

7,928

7,214

7,202

7,260

5,820

7,254

6,356

8,167

7,352

6,658

5,430

6,241

5,884

5,162

5,125

4,580

4,065

4,525

4,408

4,159

3,591

3,814

3,632

3,854

2,850

2,997

2,989

Restructuring costs

13,688

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

60,427

90,230

56,663

57,212

52,661

53,618

53,324

55,764

53,093

46,988

49,684

50,933

45,755

45,061

41,837

39,437

38,341

41,444

35,793

39,122

37,755

43,891

37,048

37,108

33,123

37,952

31,224

31,440

31,123

31,842

27,281

30,189

28,753

30,659

26,422

27,762

25,988

28,356

23,537

22,567

22,011

(Loss) income from operations

-16,554

-48,208

-5,891

-4,893

358

5,846

-2,712

1,927

693

9,151

2,350

-4,173

-2,006

3,616

841

4,497

4,330

6,764

-922

5,424

1,856

12,978

8,993

8,409

6,960

11,369

7,597

5,486

5,702

11,227

5,023

6,871

8,433

12,853

9,967

5,754

4,284

6,180

2,846

4,521

3,380

Other (income) expense
Interest expense (income), net

-34

786

24

-240

144

173

96

87

73

70

78

89

82

93

21

54

44

75

-7

24

19

35

23

21

17

20

19

19

16

19

20

20

101

17

19

39

26

22

38

26

19

Other expense, net

-473

85

-514

-1,689

-195

-220

-226

-509

-184

510

147

-459

-8

2

167

-240

-751

1,150

-131

-83

-1,307

16

89

149

-160

71

-809

-504

-115

-529

46

-401

140

-442

-780

-124

129

-983

544

-1,839

-505

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

2

0

1

6

2

7

13

4

2

2

29

3

2

2

27

(Loss) income before income tax (benefit) expense

-17,061

-48,118

-6,381

-6,822

307

5,313

-2,842

1,505

582

9,727

2,575

-4,543

-1,932

3,663

1,029

4,311

3,623

7,933

-1,060

5,365

568

13,021

9,105

8,579

6,817

11,454

6,805

5,001

5,602

10,711

5,087

6,483

8,661

12,424

9,204

5,667

4,410

5,216

3,426

2,706

2,867

Income tax (benefit) expense

-2,238

1,560

-182

-400

155

-418

-354

300

100

20,832

900

-918

-471

118

-61

919

543

-952

-176

1,217

-96

1,899

-2,118

2,251

1,841

3,192

1,763

1,370

1,028

2,870

1,414

1,749

1,911

2,952

2,775

1,434

1,167

377

1,098

869

803

Net (loss) income

-14,823

-49,695

-6,199

-6,405

152

5,758

-2,488

1,205

455

-11,058

1,628

-3,625

-1,461

3,545

1,090

3,392

3,080

8,885

-884

4,148

664

11,122

11,223

6,328

4,976

8,262

5,042

3,631

4,574

7,841

3,673

4,734

6,750

9,472

6,429

4,233

3,243

4,839

2,328

1,837

2,064

Net (loss) income per share - Basic (in dollars per share)

-0.84

-2.86

-0.36

-0.37

0.01

0.34

-0.15

0.07

0.03

-0.66

0.10

-0.22

-0.09

0.21

0.07

0.20

0.19

0.51

-0.05

0.24

0.04

0.64

0.65

0.37

0.29

0.49

0.29

0.21

0.27

0.46

0.22

0.28

0.40

0.57

0.39

0.26

0.20

0.31

0.14

0.11

0.13

Net (loss) income per share - Diluted (in dollars per share)

-0.84

-2.86

-0.36

-0.37

0.01

0.34

-0.15

0.07

0.03

-0.66

0.10

-0.22

-0.09

0.21

0.07

0.20

0.19

0.51

-0.05

0.24

0.04

0.64

0.64

0.36

0.29

0.48

0.29

0.21

0.27

0.46

0.21

0.28

0.39

0.56

0.38

0.25

0.20

0.30

0.14

0.11

0.13

Weighted average shares - Basic (in shares)

17,616

17,552

17,367

17,333

17,280

17,245

17,122

16,966

16,837

16,752

16,708

16,700

16,684

16,676

16,674

16,659

16,609

17,038

17,395

17,384

17,335

17,293

17,258

17,233

17,205

17,145

17,095

17,097

17,009

16,989

16,944

16,921

16,788

16,704

16,609

16,448

16,253

16,181

16,160

16,148

16,124

Weighted average shares - Diluted (in shares)

17,616

16,963

17,367

17,333

17,868

17,863

17,122

17,264

17,142

16,664

16,796

16,700

16,684

16,714

16,701

16,672

16,638

17,148

17,395

17,502

17,511

17,552

17,410

17,338

17,364

17,429

17,185

17,173

17,176

17,119

17,094

17,140

17,162

17,179

16,849

16,845

16,598

16,604

16,270

16,320

16,267

Selling, general and administrative

36,324

-

-

-

41,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product
Sales

56,525

86,469

63,641

67,992

71,577

98,466

75,817

75,720

70,581

93,772

68,563

62,533

62,380

73,778

61,280

61,640

59,312

77,558

57,803

69,437

55,044

89,362

67,581

67,382

59,822

76,171

55,014

55,174

52,482

68,775

49,274

55,432

54,424

65,953

54,032

49,692

42,958

49,456

36,725

37,212

33,938

Cost of Sales

23,066

49,763

26,495

29,037

27,951

41,250

34,864

27,878

26,884

37,575

26,673

24,455

27,058

33,027

25,880

25,062

23,996

33,605

28,943

29,532

22,177

37,081

26,640

26,392

25,153

31,998

21,372

22,921

21,339

30,170

21,107

22,320

20,506

25,881

21,605

19,349

15,573

17,775

12,901

12,620

11,275

Service
Sales

22,990

17,672

26,875

25,499

22,040

14,378

23,888

22,524

22,253

12,651

21,687

20,149

19,182

17,920

18,320

16,898

16,436

13,769

14,704

14,338

14,895

14,791

14,658

14,678

13,552

13,724

13,176

13,155

12,888

11,895

11,460

11,330

10,805

11,127

10,775

10,019

9,608

9,059

8,561

8,493

8,331

Cost of Sales

12,576

12,356

13,249

12,135

12,647

12,130

14,229

12,675

12,164

12,709

11,543

11,467

10,755

9,994

11,042

9,542

9,081

9,514

8,693

9,697

8,151

10,203

9,558

10,151

8,138

8,576

7,997

8,482

7,206

7,431

7,323

7,382

7,537

7,687

6,813

6,846

6,721

6,204

6,002

5,997

5,603