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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.
FARO
FARO
FARO Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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