-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TIsrFa4ozsfLpweBjl4pGKDrLeViW7ACac5A8/VxZxL3qfbpQwWrT0xdux4+ncyS u2VwZgOAWzzaxY+6MYtCkA== 0000891092-04-000124.txt : 20040113 0000891092-04-000124.hdr.sgml : 20040113 20040113061238 ACCESSION NUMBER: 0000891092-04-000124 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040113 ITEM INFORMATION: ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000917491 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 593157093 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23081 FILM NUMBER: 04521632 BUSINESS ADDRESS: STREET 1: 125 TECHNOLOGY PARK CITY: LAKE MARY STATE: FL ZIP: 32746-6204 BUSINESS PHONE: 4073339911 MAIL ADDRESS: STREET 1: FARO TECHNOLOGIES INC STREET 2: 125 TECHNOLOGY PARK CITY: LAKE MARY STATE: FL ZIP: 32746 8-K 1 e16598_8k.txt FORM 8-K 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) January 13, 2004 Commission File Number 0-23081 FARO TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Florida 59-3157093 -------------------------------------------- ------------------------------- (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) 125 TECHNOLOGY PARK, LAKE MARY, FLORIDA 32746 -------------------------------------------- ------------------------------- (Address of Principal Executive Offices) (Zip Code) (407) 333-9911 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (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 54% increase in sales for 2003 year to $71.3 million. 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: January 13, 2004 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press Release, dated January 12, 2004 EX-99.1 3 e16598ex99_1.txt PRESS RELEASE Exhibit 99.1 FARO Reports 54% Increase In Sales For 2003 Year To $71.3 Million LAKE MARY, Fla., Jan. 12 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO) today reported sales of approximately $22.5 million for the fiscal fourth quarter ended December 31, 2003, a 49.0% increase from $15.1 million in the fourth quarter of 2002, and $2.5 million, or 12.5% above the high end of the Company's $18-$20 million forecast for the quarter. Backlog at December 31, 2003 was approximately $7.5 million, an increase of approximately $500,000 from $7.0 million at September 30, 2003. The Company reported new order bookings of approximately $23.0 million during the fourth quarter compared with approximately $17.3 million in the third quarter of 2003, and approximately $16.9 million in the year-ago quarter. For fiscal year ended December 31, 2003, the Company reported sales of approximately $71.3 million, an increase of $25.1 million, or 54.3% from approximately $46.2 million in 2002. Backlog of approximately $7.5 million at December 31, 2003 compared to approximately $8.8 million at December 31, 2002. "We exceeded our sales forecast for the quarter because of growth in new orders, especially in the Americas," said Simon Raab, President and CEO. The Company expects to issue its full earnings release for the fourth quarter and 2003 year in mid-March, 2004. 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- 01/12/2004 /CONTACT: Greg Fraser, EVP & CFO, FARO Technologies, +1-407-333-9911; or Vic Allgeier of TTC Group, +1-212-227-0997, for FARO Technologies/ /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 CPR SU: -----END PRIVACY-ENHANCED MESSAGE-----