FARO Announces Fourth Quarter and Full Year 2023 Financial Results

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES
KEY SALES MEASURES
(UNAUDITED)



For the Three Months Ended
December 31,


For the Twelve Months Ended
December 31,

(in thousands)

2023


2022


2023


2022

Total sales to external customers as reported








Americas (1)

$           42,535


$           44,345


$         167,269


$         154,422

EMEA (1)

33,657


31,680


108,298


98,174

APAC (1)

22,648


27,834


83,264


93,169


$           98,840


$         103,859


$         358,831


$         345,765










For the Three Months Ended
December 31,


For the Twelve Months Ended
December 31,

(in thousands)

2023


2022


2023


2022

Total sales to external customers in constant currency (2)








Americas (1)

$           42,044


$           44,008


$         165,715


$         154,545

EMEA (1)

33,028


33,109


105,545


99,355

APAC (1)

23,873


28,392


85,948


92,268


$           98,945


$         105,509


$         357,208


$         346,168



(1)

Regions represent North America and South America (Americas); Europe, the Middle East, and Africa (EMEA); and the Asia-Pacific (APAC).



(2)

We compare the change in the sales from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rate in effect during the last day of the prior comparable period, rather than the actual exchange rates in effect during the respective periods.


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