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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 83M | 0.6% |
| Gross Profit | 46M | 2.7% |
| Cost of Revenue | 73M | 0.3% |
| Operating expense | 44M | 1.8% |
| Net Income | -290,000 | 44.8% |
| EBITDA | 6.1M | 6.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 490M | 1.8% |
| Total Liabilities | 234M | 4.3% |
| Total Equity | 256M | 0.4% |
| Shares Outstanding | 19M | 2.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.6M | 39% |
| Cash from investing | -3.3M | 118.7% |
| Cash from financing | -10M | 264.6% |
EPS
Financial Highlights for FARO Technologies in Q3 '24
FARO Technologies reported a revenue of 83M, which is a 0.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 46M, marking a 2.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 73M, a 0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 44M, showing a 1.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -290,000, showing a 44.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 6.1M, showing a -6.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for FARO Technologies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
