Loading...
•
Dec 31, 2020
FARO Q4 2020 Earnings Report
FARO delivered strong results, closing out a transformational year amid the pandemic.
Key Takeaways
FARO announced strong fourth-quarter results with total sales of $93.0 million, demonstrating the effectiveness of a more efficient sales organization and the profit potential of a lower cost structure.
Total sales were $93.0 million for Q4 2020, an 11% decrease compared to Q4 2019.
Gross margin was 54.6% for Q4 2020, compared to 41.9% for the same prior year period.
Net income was $27.4 million, or $1.52 per share, for Q4 2020, compared to a net loss of $49.7 million, or $2.85 per share, for Q4 2019.
The Company’s cash and short-term investments increased $22.0 million to $185.6 million as of the end of the fourth quarter of 2020, and the Company remained debt-free.
FARO
FARO
FARO Revenue by Segment
Revenue by Segment
Product Sales Revenue
CapyFin.comService Sales Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income