FARO Reports Third Quarter 2019 Financial Results

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

 
 

Three Months Ended

 

Nine Months Ended

(in thousands)

September 30,
2019

 

September 30,
2018

 

September 30,
2019

 

September 30,
2018

Net loss

$

(6,199)

 

$

(2,488)

 

$

(12,452)

 

$

(828)

Currency translation adjustments

(5,646)

 

(4,911)

 

(5,947)

 

(9,074)

Comprehensive loss

$

(11,845)

 

$

(7,399)

 

$

(18,399)

 

$

(9,902)

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL SALES DATA

 
   

Three Months Ended

 

Nine Months Ended

(sales in thousands)

 

September 30,
2019

 

September 30,
2018

 

% Change

 

September 30,
2019

 

September 30,
2018

 

% Change

Reporting Segments

                       

3D Manufacturing (1)

 

$

56,017

 

$

64,182

 

(12.7)

%

 

$

171,586

 

$

190,584

 

(10.0)

%

Construction BIM (2)

 

23,884

 

23,710

 

0.7

%

 

73,485

 

69,994

 

5.0

%

Emerging Verticals (3)

 

10,615

 

11,813

 

(10.1)

%

 

32,553

 

30,205

 

7.8

%

Total

 

$

90,516

 

$

99,705

 

(9.2)

%

 

$

277,624

 

$

290,783

 

(4.5)

%

                                     

(1)

The 3D Manufacturing reporting segment contains our 3D Manufacturing vertical

(2)

The Construction BIM reporting segment contains our Construction BIM vertical

(3)

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


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