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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