Faro Technologies Inc (Faro) designs, develops and manufactures three-dimensional (3D) measurement and imaging solutions. The company's product range includes laser trackers, measurement arms, laser projectors, track arms, 3D laser scanners, 3D imagers and others. Its products find applications in quality control and inspection, product design and engineering, architecture, engineering and construction application, public safety analytics applications, historical preservation, design layout and projection. The company markets its products under Faro and Cam2 brands. It sells its products through a network of distribution channels to domestic and overseas markets. Faro serves automotive, aerospace, metal and machine fabrication, surveying, architecture, engineering and construction, public safety forensics and other industries. It has an operational presence in Australia, the Americas, Europe and Asia. Faro is headquartered in Lake Mary, Florida, the US.
Headquarters
United States of America
Address
125 Technology Park, Lake Mary, Florida, 32746-6204
Website
www.faro.com
Telephone
1 407 3339911
No of Employees
1,243
Industry
Technology and Communications
Ticker Symbol & Exchange
FARO (NASD)
Revenue (2022)
$358.8M
3.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-111.5%
(2022 vs 2021)
Market Cap*
$347.5M
Net Profit Margin (2022)
XYZ
-103.8%
(2022 vs 2021)
* As of and is in US$
Faro Technologies Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Scanners | 3D Services | Cam2 |
| Laser Projectors | Product Training | FARO |
| Laser Trackers | Support | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In October, the company launched FARO Sphere XG. |
| 2023 | Contracts/Agreements | In June, the company entered into a partnership with HOLOGATE's enterprise division HGXR under which HGXR systems will integrate state-of-the-art FARO digital scanning technology. |
| 2023 | New Products/Services | In April, the company introduced Hybrid Reality Capture, powered by Flash Technology. |
Competitor Comparison
| Key Parameters | Faro Technologies Inc | Trimble Inc | Artec Europe | AUTOMATED PRECISION INC. | Creaform Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Luxembourg | United States of America | Canada |
| City | Lake Mary | Westminster | - | Rockville | Levis |
| State/Province | Florida | Colorado | - | Maryland | Quebec |
| No. of Employees | 1,243 | 12,700 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yuval Wasserman | Chairman | Executive Board | 2022 | 68 |
| Peter Lau | Director; Chief Executive Officer; President | Executive Board | 2023 | - |
| Matthew Horwath | Senior Vice President; Chief Financial Officer | Senior Management | 2024 | - |
| Jason Pollock | Vice President; Chief Operating Officer | Senior Management | - | - |
| Oliver Zweigle | Chief Technology Officer; Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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