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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) April 17, 2003
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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 (IRS Employer Identification No.)
of Incorporation)
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 12. Results of Operations and Financial Condition
The following information is being furnished under Item 12 of Form 8-K:
Press release by FARO Technologies, Inc. announcing its sales results for the
quarter ended March 31, 2003. 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
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Gregory A. Fraser
Executive Vice President, Secretary,
and Treasurer
Date: April 17, 2003
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release, dated April 16, 2003.
Exhibit 99.1
FARO Technologies Reports 52% Increase in Sales in First Quarter 2003
LAKE MARY, Fla., April 16 /PRNewswire-FirstCall/ --
FARO Technologies, Inc. (Nasdaq: FARO) today reported sales of approximately
$13.2 million for the first quarter ended March 31, 2003, a 51.7% increase
from $8.7 million in the first quarter of 2002. On a sequential basis, sales
in the first quarter of 2003 represented 87.4% of fourth quarter 2002 sales,
showing an apparent seasonality, in line with the preceding five-year (1998 -
2002) average of 86.2% when comparing first quarter sales to sales in the
fourth quarter of the prior year.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO )
Backlog at March 31, 2003 was approximately $8.9 million, compared to
approximately $3.5 million at March 31, 2002, and approximately $8.8 million
at December 31, 2002.
The Company expects to issue its full earnings release for the first
quarter of 2003 in early May.
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.