FARO Reports Second Quarter 2019 Financial Results

 

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

 
 

Three Months Ended

 

Six Months Ended

(in thousands)

June 30, 2019

 

June 30, 2018

 

June 30, 2019

 

June 30, 2018

Net (loss) income

$

(6,405)

   

$

1,205

   

$

(6,253)

   

$

1,660

 

Currency translation adjustments

1,263

   

(9,377)

   

(301)

   

(4,163)

 

Comprehensive loss

$

(5,142)

   

$

(8,172)

   

$

(6,554)

   

$

(2,503)

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL DATA

 
   

Three Months Ended

 

Six Months Ended

(sales in thousands)

 

Q2 2019
Sales

 

Q2 2018
Sales

 

% Change

 

Q2 2019
Sales

 

Q2 2018
Sales

 

% Change

Reporting Segments

                       

3D Manufacturing(1)

 

$

59,002

   

$

63,989

   

(7.8)

%

 

$

115,569

   

$

124,646

   

(7.3)

%

Construction BIM(2)

 

24,161

   

23,567

   

2.5

%

 

49,600

   

46,249

   

7.2

%

Emerging Verticals (3)

 

10,328

   

10,688

   

(3.4)

%

 

21,939

   

20,183

   

8.7

%

Total

 

$

93,491

   

$

98,244

   

(4.8)

%

 

$

187,108

   

$

191,078

   

(2.1)

%

 

(1)   The 3D Manufacturing reporting segment contains solely our 3D Manufacturing vertical.

(2)  The Construction BIM reporting segment contains solely our Construction BIM vertical.

(3)  The Emerging Verticals reporting segment includes our 3D Design, Public Safety Forensics, and Photonics verticals.


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