FARO TECHNOLOGIES, INC. AND SUBSIDIARIES
RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP

Fiscal quarter ending March 31, 2024

Low

High

GAAP gross margin

49.0 %

50.5 %

Stock-based compensation

0.5 %

0.5 %

Non-GAAP gross margin

49.5 %

51.0 %

Fiscal quarter ending March 31, 2024

(in thousands)

Low

High

GAAP operating expenses

$47,500

$49,500

Stock-based compensation

(3,300)

(3,300)

Purchase accounting intangible amortization

(1,200)

(1,200)

Restructuring and other costs

(2,000)

(2,000)

Non-GAAP operating expenses

$41,000

$43,000

Fiscal quarter ending March 31, 2024

Low

High

GAAP diluted loss per share range

$(0.66)

$(0.46)

Stock-based compensation

0.19

0.19

Purchase accounting intangible amortization

0.06

0.06

Restructuring and other costs

0.11

0.11

Non-GAAP tax adjustments

0.10

0.10

Non-GAAP diluted loss per share

$(0.20)

$0.00