FARO Reports First Quarter 2018 Financial Results

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)



Three Months Ended

(in thousands)

March 31, 2018


March 31, 2017

Net income (loss)

$

455



$

(1,461)


Currency translation adjustments, net of income tax

5,214



4,159


Comprehensive income

$

5,669



$

2,698


 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL DATA


(revenue in thousands)


Q1 2018
Revenue


Q1 2017
Revenue


% Change

Reporting Segments







3D Factory(1)


$

61,358



$

57,222



7.3

%

Construction BIM(2)


22,682



18,941



19.8

%

Emerging Verticals(3)


8,794



5,399



62.9

%

Total


$

92,834



$

81,562



13.8

%

 

(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.

 

Cision View original content with multimedia: http://www.prnewswire.com/news-releases/faro-reports-first-quarter-2018-financial-results-300636628.html

SOURCE FARO Technologies, Inc.

Contact:
Company Name: FARO Technologies, Inc.
Nancy Setteducati
Email Contact 1-407-3339911x1082
Web: http://www.faro.com
Financial data for FARO Technologies, Inc.



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