FARO TECHNOLOGIES, INC FARO Income Statement

Faro technologies, inc (FARO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
SALES
Sales
367,663	381,765	390,468	399,657	404,410	403,627	397,206	387,751	372,189	360,917	346,192	335,542	331,398	325,584	325,213	318,120	323,357	317,548	330,374	340,106	338,391	341,826	327,568	313,519	299,788	291,784	282,559	275,103	273,536	273,395	269,805	273,878	266,827	254,164	235,599	216,078	202,072	191,775	0	0	0
COST OF SALES
Cost of Sales
178,677	183,633	174,894	184,243	183,624	182,074	178,978	168,101	163,470	162,235	154,972	153,678	152,360	147,624	147,722	148,436	153,061	150,312	154,477	153,039	150,353	153,316	146,606	139,777	134,637	129,891	126,918	125,979	124,278	123,776	119,743	119,731	116,224	110,475	100,886	91,371	83,793	78,377	0	0	0
Gross Profit
188,986	198,132	215,574	215,414	220,786	221,553	218,228	219,650	208,719	198,682	191,220	181,864	179,038	177,960	177,491	169,684	170,296	167,236	175,897	187,067	188,038	188,510	180,962	173,742	165,151	161,893	155,641	149,124	149,258	149,619	150,062	154,147	150,603	143,689	134,713	124,707	118,279	113,398	0	0	0
Operating Expenses
Selling, general and administrative
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling and marketing
-	-	116,178	114,442	-	-	115,497	113,005	108,943	-	98,355	92,146	84,839	79,870	78,124	77,287	78,635	79,837	82,709	82,824	82,476	80,804	78,164	75,471	72,472	71,689	68,145	65,933	65,058	64,446	63,993	64,535	64,003	62,117	59,867	56,878	53,596	50,679	0	0	0
General and administrative
-	-	55,467	52,907	-	-	46,419	43,624	44,181	-	42,557	42,997	41,362	40,813	40,403	37,895	36,719	36,370	36,325	36,918	36,719	35,331	34,096	32,539	31,498	30,600	29,653	29,644	29,952	29,065	28,903	28,061	26,844	26,806	27,231	28,008	27,119	26,776	0	0	0
Depreciation and amortization
-	-	-	18,915	-	-	0	17,601	17,213	-	16,210	15,223	14,500	13,868	12,928	12,337	11,810	11,217	9,930	8,945	8,074	7,428	7,290	7,184	7,052	7,038	7,080	7,177	7,130	6,976	6,829	6,744	6,777	6,712	6,539	6,607	6,400	6,326	0	0	0
Research and development
42,949	44,175	46,468	47,425	48,317	46,082	45,660	42,939	42,001	41,061	34,311	33,220	31,389	30,125	29,604	27,496	27,536	26,690	27,597	29,129	28,533	27,607	25,681	24,213	22,717	22,412	20,751	18,932	18,295	17,578	17,157	16,683	15,972	15,196	14,891	14,150	13,333	12,690	0	0	0
Restructuring costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
264,532	256,766	220,154	216,815	215,367	215,799	209,169	205,529	200,698	193,360	191,433	183,586	172,090	164,676	161,059	155,015	154,700	154,114	156,561	157,816	155,802	151,170	145,231	139,407	133,739	131,739	125,629	121,686	120,435	118,065	116,882	116,023	113,596	110,831	108,528	105,643	100,448	96,471	0	0	0
(Loss) income from operations
-75,546	-58,634	-4,580	-1,401	5,419	5,754	9,059	14,121	8,021	5,322	-213	-1,722	6,948	13,284	16,432	14,669	15,596	13,122	19,336	29,251	32,236	37,340	35,731	34,335	31,412	30,154	30,012	27,438	28,823	31,554	33,180	38,124	37,007	32,858	26,185	19,064	17,831	16,927	0	0	0
Other (income) expense
Interest expense (income), net
536	714	101	173	500	429	326	308	310	319	342	285	250	212	194	166	136	111	71	101	98	96	81	77	75	74	73	74	75	160	158	157	176	101	106	125	112	105	0	0	0
Other expense, net
-2,591	-2,313	-2,618	-2,330	-1,150	-1,139	-409	-36	14	190	-318	-298	-79	-822	326	28	185	-371	-1,505	-1,285	-1,053	94	149	-749	-1,402	-1,357	-1,957	-1,102	-999	-744	-657	-1,483	-1,206	-1,217	-1,758	-434	-2,149	-2,783	0	0	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	16	28	26	26	21	37	36	36	36	34	0	0	0
(Loss) income before income tax (benefit) expense
-78,382	-61,014	-7,583	-4,044	4,283	4,558	8,972	14,389	8,341	5,827	-237	-1,783	7,071	12,626	16,896	14,807	15,861	12,806	17,894	28,059	31,273	37,522	35,955	33,655	30,077	28,862	28,119	26,401	27,883	30,942	32,655	36,772	35,956	31,705	24,497	18,719	15,758	14,215	0	0	0
Income tax (benefit) expense
-1,260	1,133	-845	-1,017	-317	-372	20,878	22,132	20,914	20,343	-371	-1,332	505	1,519	449	334	632	-7	2,844	902	1,936	3,873	5,166	9,047	8,166	7,353	7,031	6,682	7,061	7,944	8,026	9,387	9,072	8,328	5,753	4,076	3,511	3,147	0	0	0
Net (loss) income
-77,122	-62,147	-6,694	-2,983	4,627	4,930	-11,886	-7,770	-12,600	-14,516	87	-451	6,566	11,107	16,447	14,473	15,229	12,813	15,050	27,157	29,337	33,649	30,789	24,608	21,911	21,509	21,088	19,719	20,822	22,998	24,629	27,385	26,884	23,377	18,744	14,643	12,247	11,068	0	0	0
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
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product
Sales
274,627	289,679	301,676	313,852	321,580	320,584	315,890	308,636	295,449	287,248	267,254	259,971	259,078	256,010	259,790	256,313	264,110	259,842	271,646	281,424	279,369	284,147	270,956	258,389	246,181	238,841	231,445	225,705	225,963	227,905	225,083	229,841	224,101	212,635	196,138	178,831	166,351	157,331	0	0	0
Cost of Sales
128,361	133,246	124,733	133,102	131,943	130,876	127,201	119,010	115,587	115,761	111,213	110,420	111,027	107,965	108,543	111,606	116,076	114,257	117,733	115,430	112,290	115,266	110,183	104,915	101,444	97,630	95,802	95,537	94,936	94,103	89,814	90,312	87,341	82,408	74,302	65,598	58,869	54,571	0	0	0
Service
Sales
93,036	92,086	88,792	85,805	82,830	83,043	81,316	79,115	76,740	73,669	78,938	75,571	72,320	69,574	65,423	61,807	59,247	57,706	58,728	58,682	59,022	57,679	56,612	55,130	53,607	52,943	51,114	49,398	47,573	45,490	44,722	44,037	42,726	41,529	39,461	37,247	35,721	34,444	0	0	0
Cost of Sales
50,316	50,387	50,161	51,141	51,681	51,198	51,777	49,091	47,883	46,474	43,759	43,258	41,333	39,659	39,179	36,830	36,985	36,055	36,744	37,609	38,063	38,050	36,423	34,862	33,193	32,261	31,116	30,442	29,342	29,673	29,929	29,419	28,883	28,067	26,584	25,773	24,924	23,806	0	0	0