FARO Reports Second Quarter 2018 Financial Results

 

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

 
 

Three Months Ended

 

Six Months Ended

(in thousands)

June 30, 2018

 

June 30, 2017

 

June 30, 2018

 

June 30, 2017

Net income (loss)

$

1,205

   

$

(3,625)

   

$

1,660

   

$

(5,086)

 

Currency translation adjustments, net of income tax

(9,377)

   

7,140

   

(4,163)

   

11,299

 

Comprehensive (loss) income

$

(8,172)

   

$

3,515

   

$

(2,503)

   

$

6,213

 

 

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL DATA

                         
   

Three Months Ended

 

Six Months Ended

(revenue in thousands)

 

Q2 2018
Sales

 

Q2 2017
Sales

 

% Change

 

Q2 2018
Sales

 

Q2 2017

Sales

 

% Change

Reporting Segments

                       

3D Factory(1)

 

$

64,970

   

$

57,363

   

13.3

%

 

$

126,328

   

$

114,584

   

10.2

%

Construction BIM(2)

 

23,567

   

18,859

   

25.0

%

 

46,249

   

37,800

   

22.4

%

Emerging Verticals (3)

 

9,707

   

6,460

   

50.3

%

 

18,501

   

11,860

   

56.0

%

Total

 

$

98,244

   

$

82,682

   

18.8

%

 

$

191,078

   

$

164,244

   

16.3

%

 

(1) The 3D Factory reporting segment (formerly known as Factory Metrology) includes our Factory Metrology and 3D Machine Vision verticals.

(2) The Construction BIM reporting segment contains solely our Construction BIM vertical (formerly known as Construction BIM-CIM).

(3) The Emerging Verticals reporting segment (formerly known as Other) includes our Product Design and Public Safety Forensics verticals.


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