Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Faro Revenues Decline in 2015

Facebook Twitter LinkedIn Email
Faro Technologies Inc. ended 2015 with a decrease in revenue to $317.5 million, a 7.1 percent decrease from 2014’s total of $341.8 million.

The company characterizes its revenue as essentially flat with 2014, when adjusted for a 7 percent unfavorable foreign exchange impact. Gross profit for the year was $167.7 million, $21.2 million lower than the prior year.

"Faro performed well in 2015 on many levels," said Dr. Simon Raab, chairman and interim CEO of Faro. "Although our financial results did not meet our internal targets, we successfully launched the Faro Freestyle3D laser scanner, completed two acquisitions to expand our position in the architecture, engineering, construction and public safety markets, completed our implementation of our new global enterprise resource planning system as well as continued the development of new products in our R&D pipeline, culminating most recently in our January launch of the new Faro Cobalt Array Imager."

Faro develops computer-aided measurement and imaging devices and software, permitting high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes.
Mar 2016
FaroAmericasFloridaTest & MeasurementearningsSimon RaabcobaltimagingindustrialBusiness

Submit a Feature Article Submit a Press Release
Terms & Conditions Privacy Policy About Us Contact Us
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.