|
| For the Three Months Ended
|
| For the Twelve Months Ended
| ||||
(in thousands) | 2022 |
| 2021 |
| 2022 |
| 2021 |
|
|
|
|
|
|
|
|
|
Hardware | $ 70,322 |
| $ 64,661 |
| $ 220,919 |
| $ 206,024 |
Software | 12,943 |
| 13,694 |
| 44,361 |
| 45,079 |
Service | 20,594 |
| 21,849 |
| 80,485 |
| 86,711 |
Total Sales | $ 103,859 |
| $ 100,204 |
| $ 345,765 |
| $ 337,814 |
|
|
|
|
|
|
|
|
|
Hardware as a percentage of total sales | 67.7 % |
| 64.5 % |
| 63.9 % |
| 61.0 % |
Software as a percentage of total sales | 12.5 % |
| 13.7 % |
| 12.8 % |
| 13.3 % |
Service as a percentage of total sales | 19.8 % |
| 21.8 % |
| 23.3 % |
| 25.7 % |
|
|
|
|
|
|
|
|
|
Total Recurring Revenue (3) | $ 18,088 |
| $ 16,468 |
| $ 68,272 |
| $ 64,067 |
Recurring revenue as a percentage of total sales | 17.4 % |
| 16.4 % |
| 19.7 % |
| 19.0 % |
|
(3) Recurring revenue is comprised of hardware service contracts, software maintenance contracts, and subscription based software applications. |
FARO TECHNOLOGIES, INC. AND SUBSIDIARIES RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP | |||
|
| |||
|
| Fiscal quarter ending March 31, 2023 | ||
|
| Low |
| High |
GAAP diluted loss per share range | $(0.80) |
| $(0.54) |
| Stock-based compensation | 0.18 |
| 0.18 |
| Purchase accounting intangible amortization | 0.06 |
| 0.06 |
| Restructuring and other costs | 0.20 |
| 0.20 |
| Non-GAAP tax adjustments | 0.14 |
| 0.08 |
| Non-GAAP diluted loss per share | $(0.22) |
| $(0.02) |
