FARO Historical Income Statement
| FARO Stock | USD 27.00 0.70 2.66% |
Historical analysis of FARO Technologies income statement accounts such as Total Revenue of 224.1 M or Gross Profit of 123.1 M can show how well FARO Technologies performed in making a profits. Evaluating FARO Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of FARO Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining FARO Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether FARO Technologies is a good buy for the upcoming year.
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About FARO Income Statement Analysis
FARO Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to FARO Technologies shareholders. The income statement also shows FARO investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
FARO Technologies Income Statement Chart
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Total Revenue
Total revenue comprises all receipts FARO Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of FARO Technologies minus its cost of goods sold. It is profit before FARO Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of FARO Technologies. It is also known as FARO Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from FARO Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into FARO Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.At this time, FARO Technologies' Depreciation And Amortization is very stable compared to the past year. As of the 24th of November 2024, Interest Expense is likely to grow to about 3.5 M, while Total Revenue is likely to drop about 224.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 183.9M | 175.8M | 165.0M | 123.1M | Total Revenue | 337.8M | 345.8M | 358.8M | 224.1M |
FARO Technologies income statement Correlations
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FARO Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FARO Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 14.5M | 13.7M | 14.1M | 15.5M | 16.3M | |
| Interest Expense | 781K | 15.8M | 55K | 36K | 3.3M | 3.5M | |
| Total Revenue | 381.8M | 303.8M | 337.8M | 345.8M | 358.8M | 224.1M | |
| Gross Profit | 198.1M | 159.8M | 183.9M | 175.8M | 165.0M | 123.1M | |
| Other Operating Expenses | 405.2M | 318.6M | 338.9M | 366.1M | 408.4M | 218.8M | |
| Operating Income | (23.4M) | (14.9M) | (1.1M) | (20.3M) | (49.5M) | (47.1M) | |
| Ebit | (6.7M) | (30.8M) | (8.5M) | (21.7M) | (50.7M) | (48.2M) | |
| Research Development | 44.2M | 42.9M | 48.8M | 49.4M | 41.8M | 20.9M | |
| Ebitda | (6.5M) | (16.2M) | 5.2M | (7.6M) | (35.2M) | (33.5M) | |
| Cost Of Revenue | 183.6M | 143.9M | 153.9M | 170.0M | 193.8M | 101.0M | |
| Total Operating Expenses | 221.6M | 174.7M | 185.0M | 196.1M | 199.1M | 117.2M | |
| Income Before Tax | (61.0M) | (30.8M) | (8.6M) | (21.7M) | (54.1M) | (51.4M) | |
| Total Other Income Expense Net | (37.6M) | (91K) | (125K) | 3.3M | (4.5M) | (4.3M) | |
| Net Income | (62.1M) | 629K | (40.0M) | (26.8M) | (56.6M) | (53.7M) | |
| Income Tax Expense | 1.1M | (31.4M) | 31.4M | 5.1M | 2.5M | 3.1M | |
| Selling General Administrative | 177.4M | 131.8M | 136.2M | 146.7M | 155.8M | 163.6M | |
| Net Income Applicable To Common Shares | (62.1M) | 629K | (40.0M) | (26.8M) | (24.1M) | (22.9M) | |
| Net Income From Continuing Ops | (62.1M) | 629K | (40.0M) | (26.8M) | (60.4M) | (57.4M) | |
| Non Operating Income Net Other | (1.6M) | (91K) | (70K) | 3.2M | 3.7M | 3.9M | |
| Tax Provision | 1.1M | (31.4M) | 31.4M | 5.1M | 5.6M | 4.1M | |
| Interest Income | 714K | 340K | 0.0 | 36K | 32.4K | 30.8K | |
| Net Interest Income | (67K) | 340K | (55K) | 36K | (2.5M) | (2.4M) | |
| Reconciled Depreciation | 18.5M | 14.2M | 13.4M | 14.0M | 15.7M | 12.6M |
Pair Trading with FARO Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FARO Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FARO Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with FARO Stock
Moving against FARO Stock
| 0.72 | ST | Sensata Technologies | PairCorr |
| 0.66 | VPG | Vishay Precision | PairCorr |
| 0.56 | SVREW | SaverOne 2014 | PairCorr |
| 0.53 | WATT | Energous | PairCorr |
| 0.32 | KNW | Know Labs Fiscal Year End 17th of December 2024 | PairCorr |
The ability to find closely correlated positions to FARO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARO Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FARO Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FARO Technologies to buy it.
The correlation of FARO Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FARO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FARO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FARO Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FARO Technologies. If investors know FARO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FARO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 18.152 | Quarterly Revenue Growth (0.05) | Return On Assets 0.013 | Return On Equity (0.03) |
The market value of FARO Technologies is measured differently than its book value, which is the value of FARO that is recorded on the company's balance sheet. Investors also form their own opinion of FARO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FARO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FARO Technologies' market value can be influenced by many factors that don't directly affect FARO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FARO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FARO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FARO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.