FARO Announces First Quarter Financial Results

 

 


For the Three Months Ended March 31,

(in thousands)

2023


2022





Hardware

$                      54,962


$                      46,452

Software

10,279


10,278

Service

19,727


19,926

Total Sales

$                      84,968


$                      76,656





Hardware as a percentage of total sales

64.7 %


60.6 %

Software as a percentage of total sales

12.1 %


13.4 %

Service as a percentage of total sales

23.2 %


26.0 %





Total Recurring Revenue (3)

$                      16,685


$                      16,473

Recurring revenue as a percentage of total sales

19.6 %


21.5 %


(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 June 30, 2023


Low


High

GAAP diluted loss per share range

$(1.80)


$(1.13)

Stock-based compensation

0.30


0.30

Purchase accounting intangible amortization

0.07


0.07

Restructuring and other costs

0.75


0.39

Non-GAAP tax adjustments

0.21


0.15

Non-GAAP diluted loss per share

$(0.47)


$(0.22)

 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/faro-announces-first-quarter-financial-results-301815135.html

SOURCE FARO

Contact:
Company Name: FARO
CONTACTS: 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



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7             
Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center NV - Jan 7 - 10, 2025
ESD Alliance "Savage on Security” Webinar at United States - Jan 23, 2025
SEMICON Korea 2025 at Hall A, B, C, D, E, GrandBallroom, PLATZ, COEX, Seoul Korea (South) - Feb 19 - 21, 2025
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise