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Faro Reports Profits, Acquires Software Firm

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LAKE MARY, Fla., July 31, 2014 — Faro Technologies Inc. recently announced strong earnings and sales results, as well as a new acquisition.

The 3-D measurement and imaging firm’s net income increased 74.3 percent to $6.3 million in the second quarter of 2014 from $3.6 million in the second quarter of 2013.

Sales increased 20.1 percent to $82.1 million from $68.3 million in the second quarter of 2013.

The company said manufacturing efficiency improvements provided favorable margins for its metrology products. Meanwhile, it said it has ramped up R&D efforts, increasing spending in that area by 29 percent to $6.7 million in the second quarter.

On July 29 Faro acquired law enforcement software firm The CAD Zone Inc. of Beaverton, Ore. CAD Zone’s point-cloud software application will be integrated with Faro's laser scanning technology for crime scene and other forensic applications.

For more information, visit www.faro.com.
DataRay Inc. - ISO 11146-Compliant

Published: July 2014
Glossary
metrology
Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
3-D3DAmericasBusinessFaroImagingmetrologyTest & MeasurementCAD ZoneLasers

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