FARO Announces Second Quarter Financial Results

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP



Fiscal quarter ending September 30, 2024


Low


High

GAAP gross margin

53.0 %


54.5 %

Stock-based compensation

0.5 %


0.5 %

Non-GAAP gross margin

53.5 %


55.0 %




Fiscal quarter ending September 30, 2024

(in thousands)

Low


High

GAAP operating expenses

$45,000


$47,000

Stock-based compensation

(4,000)


(4,000)

Purchase accounting intangible amortization

(1,000)


(1,000)

Non-GAAP operating expenses

$40,000


$42,000




Fiscal quarter ending September 30, 2024


Low


High

GAAP diluted loss per share range

$(0.32)


$(0.12)

Stock-based compensation

0.19


0.19

Purchase accounting intangible amortization

0.05


0.05

Non-GAAP tax adjustments

0.07


0.07

Non-GAAP diluted loss per share

$(0.01)


$0.19

   

 

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SOURCE FARO Technologies

Contact:
Company Name: FARO Technologies
Investor Contacts, FARO Technologies, Inc., Matthew Horwath, Chief Financial Officer
Phone: +1 407-562-5005
Email Contact
Sapphire Investor Relations, LLC, Michael Funari or Erica Mannion
Phone: +1 617-542-6180
Email Contact
Financial data for FARO Technologies



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