|
| For the Three Months Ended June 30, |
| For the Six Months Ended June 30, | ||||
(in thousands) | 2022 |
| 2021 |
| 2022 |
| 2021 |
|
|
|
|
|
|
|
|
|
Product | $ 49,174 |
| $ 50,109 |
| $ 95,626 |
| $ 94,525 |
Software | 10,528 |
| 10,166 |
| 20,806 |
| 20,385 |
Service | 20,215 |
| 21,835 |
| 40,141 |
| 43,531 |
Total Sales | $ 79,917 |
| $ 82,110 |
| $ 156,573 |
| $ 158,441 |
|
|
|
|
|
|
|
|
|
Product as a percentage of total sales | 61.5 % |
| 61.0 % |
| 61.1 % |
| 59.7 % |
Software as a percentage of total sales | 13.2 % |
| 12.4 % |
| 13.3 % |
| 12.9 % |
Service as a percentage of total sales | 25.3 % |
| 26.6 % |
| 25.6 % |
| 27.5 % |
|
|
|
|
|
|
|
|
|
Total Recurring Revenue (3) | $ 17,119 |
| $ 15,834 |
| $ 33,592 |
| $ 31,298 |
Recurring revenue as a percentage of total sales | 21.4 % |
| 19.3 % |
| 21.5 % |
| 19.8 % |
|
|
|
(3) | 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 September 30, 2022 |
|
|
|
GAAP diluted loss per share range | ($0.45) - ($0.24) |
Stock-based compensation | 0.19 |
| Purchase accounting intangible amortization | 0.04 |
| Restructuring and other costs | 0.04 |
| Non-GAAP tax adjustments | 0.10 - 0.05 |
| Non-GAAP diluted (loss) earnings per share | ($0.08) - $0.08 |
