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Jun 30, 2021
FARO Q2 2021 Earnings Report
FARO's second quarter results reflected a return to seasonal growth and strategic initiatives to drive topline growth and streamline operational costs.
Key Takeaways
FARO Technologies reported a 36% increase in total sales, reaching $82.1 million for the second quarter of 2021, driven by broad-based improvement across served markets and pandemic-related softness in the prior year period. The company's net loss was $1.2 million, or $0.06 per share, compared to a net loss of $8.9 million, or $0.50 per share, for the second quarter of 2020.
Total sales increased by 36% year-over-year to $82.1 million.
New order bookings increased by 44% year-over-year to $88.2 million.
Gross margin improved to 55.4% compared to 47.7% in the same prior year period.
Net loss improved to $1.2 million, or $0.06 per share, compared to a net loss of $8.9 million, or $0.50 per share, for the second quarter of 2020.
Revenue by Geographic Location
Forward Guidance
FARO did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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