FARO Announces Third Quarter Financial Results

 

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

 

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SOURCE FARO

Contact:
Company Name: FARO
Investor Contacts: FARO Technologies, Inc., Matthew Horwath, 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



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