FARO (FARO) Revenue & Revenue Breakdown

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FARO Revenue Highlights

Latest Revenue (Y)

$358.83M

Latest Revenue (Q)

$82.08M

Main Segment (Y)

Product Sales

Main Geography (Y)

North America

FARO Revenue by Period

FARO Revenue by Year

Date	Revenue	Change
2023-12-31	$358.83M	3.78%
2022-12-31	$345.76M	2.35%
2021-12-31	$337.81M	11.21%
2020-12-31	$303.77M	-20.43%
2019-12-31	$381.76M	-5.42%
2018-12-31	$403.63M	11.83%
2017-12-31	$360.92M	10.85%
2016-12-31	$325.58M	2.53%
2015-12-31	$317.55M	-7.10%
2014-12-31	$341.83M	17.15%
2013-12-31	$291.78M	6.73%
2012-12-31	$273.39M	7.57%
2011-12-31	$254.16M	32.53%
2010-12-31	$191.78M	29.84%
2009-12-31	$147.70M	-29.41%
2008-12-31	$209.25M	9.20%
2007-12-31	$191.62M	25.73%
2006-12-31	$152.41M	21.35%
2005-12-31	$125.59M	29.45%
2004-12-31	$97.02M	35.15%
2003-12-31	$71.79M	55.23%
2002-12-31	$46.25M	31.71%
2001-12-31	$35.11M	-13.20%
2000-12-31	$40.45M	22.19%
1999-12-31	$33.11M	20.38%
1998-12-31	$27.50M	17.02%
1997-12-31	$23.50M	60.96%
1996-12-31	$14.60M	-

FARO generated $358.83M in revenue during NA 2023, up 3.78% compared to the previous quarter, and up 88.90% compared to the same period a year ago.

FARO Revenue by Quarter

Date	Revenue	Change
2024-06-30	$82.08M	-2.56%
2024-03-31	$84.24M	-14.77%
2023-12-31	$98.84M	13.85%
2023-09-30	$86.81M	-1.58%
2023-06-30	$88.21M	3.82%
2023-03-31	$84.97M	-18.19%
2022-12-31	$103.86M	21.71%
2022-09-30	$85.33M	6.78%
2022-06-30	$79.92M	4.25%
2022-03-31	$76.66M	-23.50%
2021-12-31	$100.20M	26.57%
2021-09-30	$79.17M	-3.58%
2021-06-30	$82.11M	7.57%
2021-03-31	$76.33M	-17.88%
2020-12-31	$92.95M	31.41%
2020-09-30	$70.74M	16.80%
2020-06-30	$60.56M	-23.83%
2020-03-31	$79.52M	-23.65%
2019-12-31	$104.14M	15.05%
2019-09-30	$90.52M	-3.18%
2019-06-30	$93.49M	-0.13%
2019-03-31	$93.62M	-17.04%
2018-12-31	$112.84M	13.18%
2018-09-30	$99.70M	1.49%
2018-06-30	$98.24M	5.83%
2018-03-31	$92.83M	-12.77%
2017-12-31	$106.42M	17.92%
2017-09-30	$90.25M	9.15%
2017-06-30	$82.68M	1.37%
2017-03-31	$81.56M	-11.05%
2016-12-31	$91.70M	15.20%
2016-09-30	$79.60M	1.35%
2016-06-30	$78.54M	3.68%
2016-03-31	$75.75M	-17.06%
2015-12-31	$91.33M	25.96%
2015-09-26	$72.51M	-13.45%
2015-06-27	$83.78M	19.78%
2015-03-28	$69.94M	-32.85%
2014-12-31	$104.15M	26.65%
2014-09-27	$82.24M	0.22%
2014-06-28	$82.06M	11.84%
2014-03-29	$73.37M	-18.38%
2013-12-31	$89.89M	31.83%
2013-09-28	$68.19M	-0.20%
2013-06-29	$68.33M	4.53%
2013-03-30	$65.37M	-18.97%
2012-12-31	$80.67M	32.83%
2012-09-29	$60.73M	-9.03%
2012-06-30	$66.76M	2.35%
2012-03-31	$65.23M	-15.37%
2011-12-31	$77.08M	18.94%
2011-10-01	$64.81M	8.53%
2011-07-02	$59.71M	13.59%
2011-04-02	$52.57M	-10.17%
2010-12-31	$58.52M	29.21%
2010-10-02	$45.29M	-0.92%
2010-07-03	$45.70M	8.13%
2010-04-03	$42.27M	-8.16%
2009-12-31	$46.03M	28.88%
2009-10-03	$35.71M	3.47%
2009-07-04	$34.52M	9.75%
2009-04-04	$31.45M	-44.16%
2008-12-31	$56.31M	14.71%
2008-09-27	$49.09M	-14.99%
2008-06-28	$57.75M	25.30%
2008-03-29	$46.09M	-22.18%
2007-12-31	$59.23M	-

FARO generated $82.08M in revenue during Q2 2024, up -2.56% compared to the previous quarter, and up 96.61% compared to the same period a year ago.

FARO Revenue Breakdown

FARO Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 18
Service Sales	$80.26M	-	-	-
Product Sales	$278.57M	-	-	-
Service	-	$80.48M	$86.71M	-
Product	-	$265.28M	$251.10M	-
Government Contract	-	-	-	$53.50M

FARO's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product Sales (77.63%), and Service Sales (22.37%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Service	$21.10M	$20.71M	$19.90M	$20.61M	$19.73M	$20.59M	$19.75M	$20.21M	$19.93M	$21.85M	$21.33M	$21.84M	$21.70M	$21.23M	$22.65M	$18.30M	$22.99M	$14.90M	$26.88M	$25.50M
Product	$61.46M	$63.54M	$66.91M	$67.60M	$65.24M	$83.27M	$65.58M	$59.70M	$56.73M	$78.36M	$57.84M	$60.27M	$54.63M	$71.72M	$48.08M	$42.26M	$56.52M	$89.25M	$63.64M	$67.99M

FARO's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (74.44%), and Service (25.56%).

FARO Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
North America	$148.64M	$137.19M	$127.66M	-	-
Americas Other Than U S	$18.63M	$17.23M	$12.97M	$9.06M	$14.11M
Asia And Other	$27.74M	$28.40M	$26.03M	$46.81M	$27.43M
CHINA	$34.42M	$43.11M	$40.81M	$31.75M	$32.93M
EMEA Other	$60.34M	$56.69M	-	-	-
JAPAN	$21.10M	$21.66M	$26.00M	$5.00M	$33.36M
GERMANY	$47.95M	$41.48M	$48.77M	$46.17M	$52.08M
Europe And Other	-	-	$55.58M	$45.22M	$70.20M
UNITED STATES	-	-	-	$119.77M	$151.65M

FARO's latest annual revenue breakdown by geography, as of Dec 23: North America (41.42%), EMEA Other (16.82%), GERMANY (13.36%), CHINA (9.59%), Asia And Other (7.73%), JAPAN (5.88%), and Americas Other Than U S (5.19%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
EMEA	$25.46M	$25.43M	$25.62M	$24.86M	$24.16M	$31.68M	$22.80M	$21.55M	$22.14M	$29.04M	$23.39M	$26.47M	$25.45M	$30.33M	$20.65M	$16.72M	$23.69M	$34.73M	$26.42M	$30.03M
Americas	$40.35M	$37.23M	$41.03M	$41.36M	$42.34M	$44.34M	$38.73M	$34.67M	$36.68M	$40.44M	$33.94M	$33.70M	$32.55M	-	-	-	-	-	-	-
Asia Pacific	$16.75M	$21.58M	$20.16M	$22.00M	$18.46M	$27.83M	$23.80M	$23.70M	$17.84M	$30.73M	$21.84M	$21.93M	$18.33M	-	-	-	-	-	-	-
Other Americas	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.22M	$2.00M	$1.33M	$2.50M	$3.77M	$3.06M	$3.95M
APAC	-	-	-	-	-	-	-	-	-	-	-	-	-	$14.27M	$11.46M	$10.58M	$15.49M	$14.25M	$16.12M	$15.39M
CHINA	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.76M	$7.76M	$7.49M	$4.75M	$7.93M	$7.75M	$8.96M
UNITED STATES	-	-	-	-	-	-	-	-	-	-	-	-	-	$33.37M	$28.86M	$24.45M	$33.09M	$43.47M	$37.17M	$35.16M

FARO's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (48.88%), EMEA (30.84%), and Asia Pacific (20.29%).

FARO Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FTV	Fortive	$6.07B	$1.53B
TDY	Teledyne	$5.64B	$1.35B
ST	Sensata Technologies	$4.05B	$982.83B
MKSI	MKS Instruments	$3.62B	$897.00M
VNT	Vontier	$3.10B	$750.00M
ITRI	Itron	$2.17B	$615.46M
ESE	ESCO	$956.03M	$260.78M
NOVT	Novanta	$881.66M	$244.41M
BMI	Badger Meter	$703.59M	$208.44M
COHR	Coherent	$402.00M	$1.31B
FARO	FARO	$358.83M	$82.08M
VPG	Vishay Precision Group	$355.05M	$75.73M
SOTK	Sono-Tek	$19.70M	$5.16M
MLAB	Mesa Laboratories	-	$58.17M

FARO Revenue FAQ

What is FARO’s yearly revenue?

FARO's yearly revenue for 2023 was $358.83M, representing an increase of 3.78% compared to 2022. The company's yearly revenue for 2022 was $345.76M, representing an increase of 2.35% compared to 2021. FARO's yearly revenue for 2021 was $337.81M, representing an increase of 11.21% compared to 2020.

What is FARO’s quarterly revenue?

FARO's quarterly revenue for Q2 2024 was $82.08M, a -2.56% decrease from the previous quarter (Q1 2024), and a -6.94% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $84.24M, a -14.77% decrease from the previous quarter (Q4 2023), and a -0.85% decrease year-over-year (Q1 2023). FARO's quarterly revenue for Q4 2023 was $98.84M, a 13.85% increase from the previous quarter (Q3 2023), and a -4.83% decrease year-over-year (Q4 2022).

What is FARO’s revenue growth rate?

FARO's revenue growth rate for the last 3 years (2021-2023) was 6.22%, and for the last 5 years (2019-2023) was -6.01%.

What are FARO’s revenue streams?

FARO's revenue streams in c 23 are Service Sales, and Product Sales. Service Sales generated $80.26M in revenue, accounting 22.37% of the company's total revenue Product Sales generated $278.57M in revenue, accounting 77.63% of the company's total revenue

What is FARO’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of FARO was Product Sales. This segment made a revenue of $278.57M, representing 77.63% of the company's total revenue.