FARO Technologies

FARO Technologies, Inc. engages in the design, development, manufacture, marketing and support of three-dimensional (3D) measurement, imaging, and realization systems. It operates through the following segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The 3D Manufacturing segment provides solutions for manual & automated measurement and inspection in an industrial or manufacturing environment. The Construction BIM segment offers solutions for as-built data capturing and 3D visualization in building information modeling and construction information management applications. The Emerging Verticals segment includes product design, public safety forensics, and 3D solutions. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.

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FARO reports revenue growth and product innovation amidst profitability challenges

FARO Technologies demonstrated revenue growth and product innovation in Q4 2022, despite challenges in profitability and expense management.
The company's strong constant currency revenue growth and diversified product portfolio showcase resilience and market adaptability.
While facing a GAAP net loss and lower revenue guidance for Q1 2023, FARO's strategic acquisitions and product offerings position it for future growth.
With a solid cash position and ongoing focus on new product launches, FARO has opportunities to capitalize on market trends and drive long-term value.

FARO Technologies reports revenue growth, faces currency challenges, and transitions leadership

FARO Technologies saw revenue growth driven by strong hardware sales and new technology introductions.
Challenges include lengthened sales cycles and currency impact on operating expenses.
Opportunities lie in cost-saving initiatives, market expansion, and strategic business optimization.
Transition in leadership with Michael Burger's retirement and Yuval Wasserman stepping in as Interim CEO.

FARO Technologies reports solid Q2 results amidst cautious outlook

FARO Technologies delivered strong Q2 performance with revenue growth and improved profitability.
While facing challenges from macroeconomic softness, the company is focused on cost reductions and strategic initiatives.
Opportunities lie in enhancing product focus, market positioning, and leveraging new leadership for future growth.

FARO Technologies reports Q3 revenue growth, cautious on China market

FARO Technologies delivered a mixed performance in Q3 2023, with revenue growth, improved margins, and cost optimization. While facing challenges in China and macroeconomic uncertainties, the company remains focused on innovation and financial success. Positive outlook for H2 2023 with opportunities for growth and sustained differentiation.

FARO Technologies surpasses Q4 targets, eyes growth amid market challenges

FARO Technologies delivered strong Q4 results but faces challenges in China and global manufacturing. Focus on operational efficiency, cost control, and new technology investments to drive future growth.

FARO Technologies excels in Q1, eyes growth amid China challenges

FARO Technologies' Q1 2024 performance reflects resilience and strategic focus on innovation and growth. Despite challenges in China's construction market, the company's strong financial results and emphasis on employee motivation position it well to drive substantial shareholder value creation.

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FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional imaging and software solutions. It offers hardware, software, 3D app center, and certified pre-owned equipment products. It operates through the following geographical segments: the United States and Canada, Americas-Other, Germany, EMEA-Other, Japan, China, and Asia-Other. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.

LAKE MARY, Fla., Sept. 29, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced a partnership with George Mason University in Virginia to create the world's first FARO-certified Forensic Science Research and Training Laboratory.

World's First FARO-Certified Forensic Science Lab Opens at George Mason University to Advance Hands-on Student Training and Research

FARO is a 3D Imaging and Measurement equipment & service company with architecture firms, engineering, construction, and public safety agencies as primary customers. FARO leads in a burgeoning field. Shares sell for a fair value of this profitable company with expanding revenue and earnings.

FARO Technologies Casts A Good Image

FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 2021 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of -36.84% and -1.16%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Q2 Earnings and Revenues Lag Estimates

LAKE MARY, Fla., July 28, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced its financial results for the second quarter ended June 30, 2021.

FARO Announces Second Quarter 2021 Financial Results

LAKE MARY, Fla., July 28, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the appointment of Moonhie Chin and Alex Davern to its Board of Directors.

FARO Announces Two New Appointments to Board of Directors

LAKE MARY, Fla., July 21, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced that after market close on Wednesday, July 28, 2021, it will release its financial results for the second quarter ended June 30, 2021.

FARO to Announce Financial Results for the Second Quarter 2021

LAKE MARY, Fla., July 16, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the signing of an agreement to outsource its manufacturing to Sanmina Corporation, a US-based Fortune-500 Electronic Manufacturing Service (EMS) provider.

FARO Announces Consolidation and Outsourcing of Manufacturing

LAKE MARY, Fla., July 7, 2021 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the release of its all-new Quantum Max ScanArm, the most advanced portable measurement tool that features three purpose-built hot-swappable Laser Line Probes (LLPs).

FARO® Launches All-New Quantum Max FaroArm with Multiple Laser Line Probes

LAKE MARY, Fla., June 7, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the acquisition of HoloBuilder, Inc. HoloBuilder brings to FARO its leading photogrammetry-based 3D platform, which delivers hardware agnostic image capture, registration and viewing to the fast-growing Digital Twin market.

FARO Expands Digital Twin Product Suite - Acquires HoloBuilder, Inc.

LAKE MARY, Fla., May 4, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced that management will participate in the following upcoming virtual investor conferences.

FARO to Participate in Upcoming Investor Conferences

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FARO Technologies, Inc. (FARO) CEO Michael Burger on Q1 2021 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of -142.86% and -2.01%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Reports Q1 Loss, Misses Revenue Estimates

Shares of Faro Technologies (NASDAQ:FARO) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 50.00% over the past year to ($0.03), which missed the estimate of $0.05.

Faro Technologies: Q1 Earnings Insights

LAKE MARY, Fla., April 28, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced its financial results for the first quarter ended March 31, 2021.

FARO Announces First Quarter 2021 Financial Results

LAKE MARY, Fla., April 19, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced that after market close on Wednesday, April 28, 2021, it will release its financial results for the first quarter ended March 31, 2021.

FARO to Announce Financial Results for the First Quarter 2021

LAKE MARY, Fla., March 17, 2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announces changes to its Board of directors.

FARO Announces Changes to its Board of Directors

FARO Technologies reported Q4 '20 financials beating estimates. Shares popped from $71 on Jan 28 '21, to a 52-week high at $93.88 per share. There is room on the upside. Investors took notice because the company is in the expanding 3D measurement and imaging business and has a new CEO with new priorities.

Improve Your Portfolio's Image With A Buy Of FARO Technologies

FARO Technologies' (FARO) CEO Michael Burger on Q4 2020 Results - Earnings Call Transcript

FARO Technologies (FARO) Q4 results reflect sales level fluctuations as a result of COVID-induced weakness in customer demand.

FARO Technologies (FARO) Q4 Earnings Top, Revenues Fall Y/Y

Shares of Faro Technologies (NASDAQ:FARO) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 94.44% over the past year to $0.35, which beat the estimate of $0.13.

Recap: Faro Technologies Q4 Earnings

LAKE MARY, Fla., Feb. 3, 2021 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced that after...

FARO to Announce Financial Results for the Fourth Quarter and Full Year 2020

LAKE MARY, Fla., Dec. 8, 2020 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced the release of its new FARO Zone 3D 2021 software for crime, crash, fire...

FARO® Zone 3D 2021 Software Released for Optimal Forensic Scene Documentation

FARO Technologies' (FARO) CEO Michael Burger on Q3 2020 Results - Earnings Call Transcript

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