FARO Technologies Inc. (FARO, Financial) filed Quarterly Report for the period ended 2010-07-03.
Faro Technologies Inc. has a market cap of $362.4 million; its shares were traded at around $22.46 with a P/E ratio of 561.6 and P/S ratio of 2.5. FARO is in the portfolios of Chuck Royce of Royce& Associates, James Barrow of Barrow, Hanley, Mewhinney & Strauss, PRIMECAP Management, Jim Simons of Renaissance Technologies LLC.
Sales in the Americas region increased by $4.1 million, or 33.7%, to $16.4 million for the three months ended July 3, 2010 from $12.3 million in the three months ended July 4, 2009. Product sales in the Americas region increased by $3.2 million, or 34.8%, to $12.4 million for the three months ended July 3, 2010 from $9.2 million in the second quarter of the prior year. Service revenue in the Americas region increased by $0.9 million, or 30.2%, to $4.0 million for the three months ended July 3, 2010 from $3.1 million in the same period during the prior year primarily due to an increase in Customer Service revenue.
Sales in the Europe/Africa region increased by $3.0 million, or 19.9%, to $18.1 million for the three months ended July 3, 2010 from $15.1 million in the three months ended July 4, 2009. Product sales in the Europe/Africa region increased by $2.8 million, or 23.3%, to $14.9 million for the three months ended July 3, 2010 from $12.1 million in the second quarter of the prior year. Service revenue in the Europe/Africa region increased by $0.2 million, or 5.9%, to $3.2 million for the three months ended July 3, 2010 from $3.0 million in the same period during the prior year.
Sales in the Asia/Pacific region increased by $4.0 million, or 56.7%, to $11.2 million for the three months ended July 3, 2010 from $7.2 million in the three months ended July 4, 2009. Product sales in the Asia/Pacific region increased by $3.9 million, or 67.7%, to $9.8 million for the three months ended July 3, 2010 from $5.9 million in the second quarter of the prior year. Service revenue in the Asia/Pacific region increased by $0.1 million, or 6.6%, to $1.4 million for the three months ended July 3, 2010 from $1.3 million in the same period during the prior year.
Sales in the Americas region increased by $7.8 million or 31.8%, to $32.7 million for the six months ended July 3, 2010 from $24.9 million in the six months ended July 3, 2009. Product sales in the Americas region increased by $6.3 million, or 33.7%, to $25.0 million for the six months ended July 3, 2010 from $18.7 million in the prior year period. Service revenue in the Americas region increased by $1.5 million, or 26.2%, to $7.7 million for the six months ended July 3, 2010 from $6.2 million in the same period during the prior year, due primarily to an increase in Customer Service revenue.
Sales in the Asia/Pacific region increased by $7.4 million, or 53.7%, to $21.1 million for the six months ended July 3, 2010 from $13.7 million in the six months ended July 4, 2009. Product sales in the Asia/Pacific region increased by $6.9 million, or 60.8%, to $18.2 million for the six months ended July 3, 2010 from $11.3 million in the prior year period. Service revenue in the Asia/Pacific region increased by $0.5 million, or 20.2%, to $2.9 million for the six months ended July 3, 2010 from $2.4 million in the same period during the prior year, due primarily to an increase in Customer Service revenue.
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Faro Technologies Inc. has a market cap of $362.4 million; its shares were traded at around $22.46 with a P/E ratio of 561.6 and P/S ratio of 2.5. FARO is in the portfolios of Chuck Royce of Royce& Associates, James Barrow of Barrow, Hanley, Mewhinney & Strauss, PRIMECAP Management, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
and Asia/Pacific. In the six months ended July 3, 2010, 37.1% of the Companys sales were in the Americas compared to 37.6% in the first six months of 2009, 38.9% were in the Europe/Africa region compared to 41.6% in the first six months of 2009, and 24.0% were in the Asia/Pacific region compared to 20.8% in the same prior year period. In the second quarter of 2010, new order bookings increased $8.5 million, or 24.0%, to $43.9 million from $35.4 million in the prior year period. New orders increased $2.7 million, or 22.1%, in the Americas in the three months ended July 3, 2010 to $14.9 million from $12.2 million in the prior year period. New orders increased $3.2 million, or 21.2%, to $18.3 million in Europe/Africa in the second quarter of 2010 from $15.1 million in the second quarter of 2009. In Asia/Pacific, new orders increased $2.6 million, or 32.1%, to $10.7 million from $8.1 million for the comparable period in 2009.Sales in the Americas region increased by $4.1 million, or 33.7%, to $16.4 million for the three months ended July 3, 2010 from $12.3 million in the three months ended July 4, 2009. Product sales in the Americas region increased by $3.2 million, or 34.8%, to $12.4 million for the three months ended July 3, 2010 from $9.2 million in the second quarter of the prior year. Service revenue in the Americas region increased by $0.9 million, or 30.2%, to $4.0 million for the three months ended July 3, 2010 from $3.1 million in the same period during the prior year primarily due to an increase in Customer Service revenue.
Sales in the Europe/Africa region increased by $3.0 million, or 19.9%, to $18.1 million for the three months ended July 3, 2010 from $15.1 million in the three months ended July 4, 2009. Product sales in the Europe/Africa region increased by $2.8 million, or 23.3%, to $14.9 million for the three months ended July 3, 2010 from $12.1 million in the second quarter of the prior year. Service revenue in the Europe/Africa region increased by $0.2 million, or 5.9%, to $3.2 million for the three months ended July 3, 2010 from $3.0 million in the same period during the prior year.
Sales in the Asia/Pacific region increased by $4.0 million, or 56.7%, to $11.2 million for the three months ended July 3, 2010 from $7.2 million in the three months ended July 4, 2009. Product sales in the Asia/Pacific region increased by $3.9 million, or 67.7%, to $9.8 million for the three months ended July 3, 2010 from $5.9 million in the second quarter of the prior year. Service revenue in the Asia/Pacific region increased by $0.1 million, or 6.6%, to $1.4 million for the three months ended July 3, 2010 from $1.3 million in the same period during the prior year.
Sales in the Americas region increased by $7.8 million or 31.8%, to $32.7 million for the six months ended July 3, 2010 from $24.9 million in the six months ended July 3, 2009. Product sales in the Americas region increased by $6.3 million, or 33.7%, to $25.0 million for the six months ended July 3, 2010 from $18.7 million in the prior year period. Service revenue in the Americas region increased by $1.5 million, or 26.2%, to $7.7 million for the six months ended July 3, 2010 from $6.2 million in the same period during the prior year, due primarily to an increase in Customer Service revenue.
Sales in the Asia/Pacific region increased by $7.4 million, or 53.7%, to $21.1 million for the six months ended July 3, 2010 from $13.7 million in the six months ended July 4, 2009. Product sales in the Asia/Pacific region increased by $6.9 million, or 60.8%, to $18.2 million for the six months ended July 3, 2010 from $11.3 million in the prior year period. Service revenue in the Asia/Pacific region increased by $0.5 million, or 20.2%, to $2.9 million for the six months ended July 3, 2010 from $2.4 million in the same period during the prior year, due primarily to an increase in Customer Service revenue.
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