FARO Reports Second Quarter 2018 Financial Results

 

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)



Three Months Ended


Six Months Ended

(in thousands)

June 30, 2018


June 30, 2017


June 30, 2018


June 30, 2017

Net income (loss)

$

1,205



$

(3,625)



$

1,660



$

(5,086)


Currency translation adjustments, net of income tax

(9,377)



7,140



(4,163)



11,299


Comprehensive (loss) income

$

(8,172)



$

3,515



$

(2,503)



$

6,213


 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL DATA
















Three Months Ended


Six Months Ended

(revenue in thousands)


Q2 2018
Sales


Q2 2017
Sales


% Change


Q2 2018
Sales


Q2 2017

Sales


% Change

Reporting Segments













3D Factory(1)


$

64,970



$

57,363



13.3

%


$

126,328



$

114,584



10.2

%

Construction BIM(2)


23,567



18,859



25.0

%


46,249



37,800



22.4

%

Emerging Verticals (3)


9,707



6,460



50.3

%


18,501



11,860



56.0

%

Total


$

98,244



$

82,682



18.8

%


$

191,078



$

164,244



16.3

%


(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.


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