FARO TECHNOLOGIES, INC. AND SUBSIDIARIES | |||||||
KEY SALES MEASURES | |||||||
(UNAUDITED) | |||||||
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| Three Months Ended December 31, |
| Twelve Months Ended December 31, | ||||
(in thousands) | 2021 |
| 2020 |
| 2021 |
| 2020 |
Total sales to external customers |
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|
|
|
|
Americas (1) | $ 40,438 |
| $ 36,592 |
| $ 140,633 |
| $ 128,826 |
EMEA (1) | 29,035 |
| 30,332 |
| 104,350 |
| 91,390 |
APAC (1) | 30,731 |
| 26,029 |
| 92,831 |
| 83,552 |
|
| $ 100,204 |
| $ 92,953 |
| $ 337,814 |
| $ 303,768 |
|
|
(1) Regions represent North America and South America (Americas); Europe, the Middle East, and Africa (EMEA); and the Asia-Pacific (APAC). |
|
| Three Months Ended December 31, |
| Twelve Months Ended December 31, | ||||
(in thousands) | 2021 |
| 2020 |
| 2021 |
| 2020 |
|
|
|
|
|
|
|
|
|
Product | $ 64,661 |
| $ 59,677 |
| $ 206,024 |
| $ 180,246 |
Software | 13,694 |
| 12,044 |
| 45,079 |
| 38,341 |
Service | 21,849 |
| 21,232 |
| 86,711 |
| 85,181 |
Total Sales | $ 100,204 |
| $ 92,953 |
| $ 337,814 |
| $ 303,768 |
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|
|
|
|
|
|
|
Product as a percentage of total sales | 64.5 % |
| 64.2 % |
| 61.0 % |
| 59.3 % |
Software as a percentage of total sales | 13.7 % |
| 13.0 % |
| 13.3 % |
| 12.6 % |
Service as a percentage of total sales | 21.8 % |
| 22.8 % |
| 25.7 % |
| 28.0 % |
|
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|
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| Total Recurring Revenue (2) | $ 16,468 |
| $ 14,964 |
| $ 64,067 |
| $ 61,187 |
| Recurring revenue as a percentage of total sales | 16.4 % |
| 16.1 % |
| 19.0 % |
| 20.1 % |
|
|
| (2) Recurring revenue is comprised of hardware service contracts, software maintenance contracts, and subscription based software applications. |
