|
| For the Three Months Ended March 31, | ||
(in thousands) | 2022 |
| 2021 |
|
|
|
|
|
Product | $ 46,452 |
| $ 44,416 |
Software | 10,278 |
| 10,219 |
Service | 19,926 |
| 21,696 |
Total Sales | $ 76,656 |
| $ 76,331 |
|
|
|
|
|
Product as a percentage of total sales | 60.6% |
| 58.2% |
Software as a percentage of total sales | 13.4% |
| 13.4% |
Service as a percentage of total sales | 26.0% |
| 28.4% |
|
|
|
|
|
Total Recurring Revenue (2) | $ 16,473 |
| $ 15,464 |
Recurring revenue as a percentage of total sales | 21.5% |
| 20.3% |
(2) 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 June 30, 2022 |
|
|
|
GAAP diluted loss per share range | ($0.56) - ($0.32) |
Stock-based compensation | 0.16 |
Purchase accounting intangible amortization | 0.04 |
Restructuring and other costs | 0.08 |
Non-GAAP tax adjustments | 0.11 - 0.08 |
Non-GAAP diluted (loss) earnings per share | ($0.17) - $0.04 |
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SOURCE FARO
| Contact: |
| Company Name: FARO
FARO Technologies, Inc., Allen Muhich, 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 |
