(1) On February 7, 2023, our Board of Directors approved an integration plan (the "Integration Plan"), which is intended to streamline and simplify operations, particularly around our recent acquisitions and the resulting redundant operations and offerings. The Restructuring and other costs primarily consist of severance and related benefits. |
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(2) Calculated as Adjusted EBITDA as a percentage of total sales. |
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(3) During the second quarter of 2023, we recorded a charge of $8.1 million, increasing our reserve for excess and obsolete inventory, based on our analysis of our inventory reserves in connection with our strategy to simplify our product portfolio and cease selling certain products. |
FARO TECHNOLOGIES, INC. AND SUBSIDIARIES KEY SALES MEASURES (UNAUDITED) | |||||||
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| Three Months Ended June 30, |
| Six Months Ended June 30, | ||||
(in thousands) | 2023 |
| 2022 |
| 2023 |
| 2022 |
Total sales to external customers as reported |
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Americas (1) | $ 41,358 |
| $ 34,667 |
| $ 83,701 |
| $ 71,344 |
EMEA (1) | 24,855 |
| 21,555 |
| 49,020 |
| 43,691 |
APAC (1) | 21,998 |
| 23,695 |
| 40,457 |
| 41,538 |
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| $ 88,211 |
| $ 79,917 |
| $ 173,178 |
| $ 156,573 |
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| Three Months Ended June 30, |
| Six Months Ended June 30, | ||||
(in thousands) | 2023 |
| 2022 |
| 2023 |
| 2022 |
Total sales to external customers in constant currency (2) |
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Americas (1) | $ 40,973 |
| $ 34,752 |
| $ 83,211 |
| $ 71,241 |
EMEA (1) | 23,944 |
| 21,159 |
| 47,633 |
| 41,848 |
APAC (1) | 22,688 |
| 23,188 |
| 41,232 |
| 39,812 |
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| $ 87,605 |
| $ 79,099 |
| $ 172,076 |
| $ 152,901 |
