Welcome to our dedicated page for Faro Technologies news (Ticker: FARO), a resource for investors and traders seeking the latest updates and insights on Faro Technologies stock.
FARO Technologies Inc (FARO) delivers cutting-edge 3D measurement, imaging, and reality capture solutions across manufacturing, construction, and public safety sectors. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the precision measurement landscape.
Track official announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated feed consolidates press releases, financial disclosures, and market analyses to help stakeholders monitor FARO's position in industrial metrology and digital twin technologies.
Discover updates on FARO's laser scanning systems, software enhancements for quality assurance workflows, and global expansion initiatives. Bookmark this page for streamlined access to operational milestones and leadership insights directly impacting the company's trajectory in 3D digitalization markets.
FARO Technologies (NASDAQ: FARO) reported Q1 2025 financial results with revenue of $82.9 million, down 1.6% year-over-year but at the upper end of guidance. The company achieved a gross margin of 57.0% and non-GAAP gross margin of 57.7%, exceeding guidance.
Key highlights include:
- Net income of $0.9 million, or $0.05 per share, compared to net loss of $7.3 million in prior year
- Non-GAAP net income of $6.4 million, or $0.33 per share
- Adjusted EBITDA of $12.5 million (15.0% of revenue)
- Cash and equivalents of $102.6 million
For Q2 2025, FARO expects revenue between $79-87 million and non-GAAP net income per share of $0.20-$0.40.
FARO Technologies (Nasdaq: FARO) announced it will release its first quarter 2025 financial results before market open on Thursday, April 24, 2025. The company will host a conference call at 8:00 am ET on the same day, featuring President and CEO Peter Lau and SVP/CFO Matthew Horwath.
Participants can join the call by dialing +1 800-245-3047 (U.S.) or +1 203-518-9765 (International) using passcode FARO. A live webcast will be available on FARO's Investor Relations website, with a replay accessible for approximately 30 days after the call.
FARO Technologies (Nasdaq: FARO) has unveiled FARO Blink, a revolutionary 3D reality capture solution integrated with the FARO Sphere® XG Digital Reality Platform. This software-driven innovation aims to democratize 3D reality capture through automated workflows and user-friendly operation.
The solution features automated complex tasks and simplified workflows, making professional-quality data insights accessible to users of all expertise levels. Blink has already received recognition, winning the Red Dot Design Award and silver at the New York Design Awards.
Targeting the construction, real estate, and geospatial markets, Blink enables teams to easily capture, view, and share data. The product is now available globally, expanding FARO's product portfolio and addressable market while offering streamlined data processing and analysis capabilities for project managers, surveyors, and 3D scanning service providers.
FARO Technologies reported Q4 2024 financial results with revenue of $93.5 million, down 5% year-over-year but at the upper end of guidance. The company posted a Q4 net loss of $1.0 million ($(0.05) per share), while Non-GAAP EPS reached $0.50.
Key Q4 metrics include gross margin improvement to 56.7% (vs 50.9% prior year) and adjusted EBITDA of $16.7 million (17.9% of sales). The company achieved a decade-high adjusted EBITDA margin of 18% and marked its fifth consecutive quarter of positive operating cash flow.
For full-year 2024, total sales were $342.4 million, down 5% from 2023, with a net loss of $9.1 million ($(0.47) per share). Q1 2025 guidance projects revenue between $77-85 million and Non-GAAP earnings per share of $0.10-$0.30.
Topcon and FARO Technologies have announced a strategic agreement to develop and distribute innovative solutions in the laser scanning market. The collaboration aims to integrate Topcon and Sokkia solutions with FARO's offerings, focusing on key sectors including construction, surveying, mapping, architecture, forensics, BIM, and industrial applications.
The partnership will leverage both companies' expertise in laser scanning technologies to enhance their product offerings and provide added value to users. Through this agreement, both companies plan to introduce new initiatives, including product offerings and enhanced software integrations. The collaboration is expected to expand access to digital reality solutions and strengthen both companies' market positions.
FARO Technologies (Nasdaq: FARO) announced it will release its financial results for Q4 and full year 2024 after market close on Monday, February 24, 2025. The company will host a conference call at 4:30 pm ET on the same day, featuring President and CEO Peter Lau and CFO Matthew Horwath.
Participants can join via phone using the numbers +1 800-579-2543 (U.S.) or +1 785-424-1789 (International) with passcode FARO. A live webcast will be available on FARO's investor relations website, with a replay accessible for approximately 30 days after the call.
FARO Technologies (Nasdaq: FARO) has launched the FARO Leap ST, a new handheld scanner expanding its 3D metrology product portfolio. The device features five operating modes: ultra-fast scanning, hyperfine scanning, deep hole scanning, large area scanning, and photogrammetry. This launch is accompanied by an update to FARO CAM2 Software, which now includes five tailored versions for different manufacturing measurement needs.
The metrology-grade tool is designed for measuring and verifying various surfaces and parts, offering a compact and portable solution suitable for multiple industries. The updated CAM2 software provides options for scanning devices, probing devices, and a hybrid approach integrating both functionalities. RFK Racing, an eight-time NASCAR champion and existing FARO customer, has endorsed the new scanner for its potential to enhance manufacturing efficiency.
FARO Technologies reported its third quarter 2024 financial results. The company achieved revenue of $82.6 million, at the upper end of its guidance range. Gross margin was 55.7%, with a non-GAAP gross margin of 56.1%, both above guidance. The net loss was $0.3 million, or $(0.02) per share, while non-GAAP EPS was $0.21, exceeding expectations. Cash flow from operations was $2.6 million, and the company repurchased $10 million in shares. Operating expenses decreased to $43.8 million, with non-GAAP operating expenses at $40.1 million. Adjusted EBITDA improved to $8.9 million, or 10.7% of revenue. Looking forward, FARO expects fourth-quarter revenue between $88 and $96 million and non-GAAP EPS between $0.32 and $0.52. The company remains focused on growth initiatives despite economic challenges.
FARO Technologies (Nasdaq: FARO) announced it will release its third quarter 2024 financial results after market close on November 6, 2024. The company will host a conference call at 4:30 pm ET the same day, led by CEO Peter Lau and CFO Matthew Horwath. Investors can join via phone (+1 800-343-4849 U.S. or +1 785-424-1699 International) using passcode FARO, or through a live webcast on FARO's investor relations website. A replay will be available online for approximately 30 days.
FARO Technologies, a global leader in 4D digital reality solutions, has appointed Phillip Delnick as Senior Vice President, Global Sales, effective October 21, 2024. Delnick brings extensive sales leadership experience from his nearly two-decade tenure at Ingersoll Rand, where he most recently served as Vice President, Americas – Power Tools and Lifting.
Peter Lau, President & CEO of FARO, expressed confidence in Delnick's ability to drive revenue growth, profit growth, and customer satisfaction. Delnick, in turn, expressed excitement about joining FARO and driving customer value through innovative products. He emphasized FARO's mission to harness digital reality solutions, enabling customers to achieve greater operating efficiencies by blending physical and virtual worlds.
