FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP

Fiscal quarter ending December 31, 2024

Low

High

GAAP gross margin

55.6 %

57.1 %

Stock-based compensation

0.4 %

0.4 %

Non-GAAP gross margin

56.0 %

57.5 %

Fiscal quarter ending December 31, 2024

(in thousands)

Low

High

GAAP operating expenses

$47,400

$49,400

Stock-based compensation

(3,600)

(3,600)

Purchase accounting intangible amortization

(1,100)

(1,100)

Restructuring and other costs

(2,200)

(2,200)

Non-GAAP operating expenses

$40,500

$42,500

Fiscal quarter ending December 31, 2024

Low

High

GAAP diluted earnings per share range

$(0.15)

$0.05

Stock-based compensation

0.21

0.21

Purchase accounting intangible amortization

0.06

0.06

Restructuring and other costs

0.11

0.11

Non-GAAP tax adjustments

0.09

0.09

Non-GAAP diluted earnings per share

$0.32

$0.52