UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of the earliest event reported) October 9, 2003
Commission File Number 0-23081
FARO TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Florida 59-3157093
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(State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.)
125 TECHNOLOGY PARK, LAKE MARY, FLORIDA 32746
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(Address of Principal Executive Offices) (Zip Code)
(407) 333-9911
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Item 9. Regulation FD Disclosure
Item 12. Results of Operations and Financial Condition
The following information is being furnished under Item 9 and Item 12 of
Form 8-K: Press release by FARO Technologies, Inc. reporting a 59% increase in
fiscal third quarter 2003 revenues. A copy of this press release is attached as
Exhibit 99.1 to this Form 8-K.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunder duly authorized.
FARO TECHNOLOGIES, INC.
By: /s/ Gregory A. Fraser
-------------------------------------
Gregory A. Fraser
Executive Vice President, Secretary,
and Treasurer
Date: October 9, 2003
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release, dated October 8, 2003
Exhibit 99.1
FARO Technologies Reports 59% Increase In Fiscal Third Quarter 2003 Revenues
LAKE MARY, Fla., Oct. 8 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.
(Nasdaq: FARO) today reported sales of approximately $19.2 million for the
fiscal third quarter ended September 27, 2003, a 58.7% increase from $12.1
million in the third quarter of 2002, and $2.2 million, or 12.9% above the high
end of the Company's $16-$17 million forecast for the quarter. Backlog at the
calendar month end of September 30, 2003 was approximately $7.0 million. The
Company reported new order bookings of approximately $17.3 million during the
third quarter compared with approximately $16.2 million in the second quarter of
2003, and approximately $13.9 million in the year-ago quarter.
"We exceeded our sales forecast for the quarter because of the continued
growth in new orders that we have experienced this year over last year, and
because we were able to achieve our goal of shorter delivery times to our
customers in the quarter," said Simon Raab, President and CEO.
The Company expects to issue its full earnings release for the third
quarter of 2003 in late October.
About FARO:
FARO Technologies, Inc. (Nasdaq: FARO) and its international subsidiaries
design, develop, and market software and portable, computerized measurement
devices. The Company's products allow manufacturers to perform three-dimensional
inspections of parts and assemblies on the shop floor. This helps eliminate
manufacturing errors, and thereby increases productivity and profitability for a
variety of industries in FARO's worldwide customer base. Principal products
include the FARO Gage(TM), Platinum and Titanium FaroArms(R), Control Station(R)
measurement system, the Laser Tracker(R) and a CAM2(R) family of advanced
CAD-based measurement and reporting software. FARO Technologies is ISO 9001
certified and Guide 25 approved. Learn more at www.faro.com.
SOURCE FARO Technologies, Inc.
-0- 10/08/2003
/CONTACT: Greg Fraser, Executive Vice President & CFO, FARO,
+1-407-333-9911; or Vic Allgeier, The TTC Group, +1-212-227-0997, for FARO/
/First Call Analyst: /
/FCMN Contact: trowbris@faro.com /
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
/Web site: http://www.faro.com/
(FARO)
CO: FARO Technologies, Inc.
ST: Florida
IN: AUT MAC STW
SU: