FARO TECHNOLOGIES INC
faro.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed Apr 24, 2025. Its latest SEC filing is a 15-12G from Jul 31, 2025.
10-Q for Q1 FY2025, filed Apr 24, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells measurement and imaging equipment and software that turn physical parts and spaces into digital data for manufacturers, construction and engineering firms, and public safety users.
10-K for FY2024, filed Feb 24, 2025
How Did They Make Money?
Product sales are 76% of revenue; customers generally pay for measurement and imaging equipment and related software when shipped or delivered. They pay for service contracts and software subscriptions over their terms, and for training or consulting as that work is performed.
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10-K for FY2024, filed Feb 24, 2025
FY2024 revenue by product or service ↗
$342.4M
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10-K for FY2024, filed Feb 25, 2025
$342.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2024, filed Feb 24, 2025 |
76%
FY2021: 74%
|
Product, FY2024
$260.2M Sources
|
Sold outright |
|
Service
Mix
10-K for FY2024, filed Feb 24, 2025 |
24%
FY2021: 26%
|
Service, FY2024
$82.2M Sources
|
Mix |
Who Were Their Customers?
FARO reaches buyers through its direct sales and service offices, with third-party distributors and resellers also selling its products worldwide.
10-K for FY2024, filed Feb 24, 2025We sell our products worldwide through direct sales and service offices, as well as third-party distributors and resellers. We have direct…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $9.1M in FY2024, but brought in more cash than it spent: $24.8M of free cash flow.
10-K for FY2024, filed Feb 25, 2025
$3.3MView ↗
10-K for FY2024, filed Feb 25, 2025
−$9.1MView ↗
10-K for FY2024, filed Feb 25, 2025
$24.8MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed Apr 25, 2025
$906KView ↗
- ▲ Now profitable
- vs −$7.3M in Q1 FY2024
10-Q for Q1 FY2025, filed Apr 24, 2025
Open tableView ↗
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Jul 21, 2025
AMETEK completed its acquisition of FARO
AMETEK acquired FARO for $44.00 per share in cash; FARO stock was no longer listed on Nasdaq.
Sources
8-K, filed Jul 21, 2025
Berwyn, Pa., July 21, 2025 – AMETEK, Inc. (NYSE: AME) today announced that it has completed its acquisition of FARO Technologies, Inc. for…View ↗
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Apr 24, 2025
FARO issued revenue guidance for the next quarter
It expected revenue of $79 to $87 million for the second quarter.
Sources
8-K, filed Apr 24, 2025
Revenue in the range of $79 to $87 million Gross margin in the range of 56.5% to 58.0%. Non-GAAP gross margin in the range of 57.0% to…View ↗
Grew. Revenue grew 13% in 4 years, from $303.8M in FY2020 to $342.4M in FY2024, about 3% a year.
Expanded scanning methods
The older report described a photo-based digital model platform for construction management; the latest report also describes mobile scanning and phone-based laser capture integrated with FARO software.
10-K for FY2021, filed Feb 16, 2022 10-K for FY2024, filed Feb 24, 2025In 2021, we have also acquired HoloBuilder, Inc. "Holobuilder" which addresses a need for less accurate yet higher resolution 3D data. This…View ↗
In 2022, we acquired UK-based GeoSLAM and US-based SiteScape. The acquisition of GeoSLAM enables the Company to provide mobile scanning…View ↗
Who Did They Compete With?
Competes with Hexagon, Automated Precision, KEYENCE, Ametek, Trimble, OpenSpace, and StructionSite
10-K for FY2024, filed Feb 24, 2025Our measurement systems compete in the broad and highly competitive market for measurement devices for manufacturing, industrial…View ↗
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