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.

Faro Technologies (FARO) delivered earnings and revenue surprises of 60.00% and 3.63%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Reports Q3 Loss, Tops Revenue Estimates

Faro Technologies (FARO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Faro Technologies (FARO) Q3 Earnings Expected to Decline

LAKE MARY, Fla., Oct. 14, 2020 /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 Third Quarter 2020

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LAKE MARY, Fla., Sept. 2, 2020 /PRNewswire/ -- FARO Technologies, Inc.

FARO® Hires Two Industry Veterans to Lead its Global Hardware and Software R&D Teams

Swedish Firm's Solution Enables Strategic Acceleration in 3D Digital Twin Market LAKE MARY, Fla., Aug. 21, 2020 /PRNewswire/ -- FARO Technologies, Inc.

FARO® Acquires ATS AB

FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 2020 Results - Earnings Call Transcript

Analysts Estimate Faro Technologies (FARO) to Report a Decline in Earnings: What to Look Out for

LAKE MARY, Fla., June 16, 2020 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO), the global leader for 3D measurement, imaging and realization solutions for 3D Metrology, AEC, and Public Safety Analytics, today announced the release of its most affordable and accurate 3D portable...

FARO® Launches Latest 3D Portable Gage CMM:  FARO Gage Boasts Unmatched Affordability, Speed, Performance and Accuracy Ideal for Small and Medium-Sized Businesses

LAKE MARY, Fla., June 11, 2020 /PRNewswire/ -- FARO Technologies, Inc. (NASDAQ: FARO), the global leader for 3D measurement, imaging and realization solutions for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced the divestiture of...

FARO® Completes Two Divestitures, Increasing Focus on Target Markets

FARO Technologies, Inc. (FARO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: FARO Technologies

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FARO Technologies, Inc. (FARO) CEO Michael Burger on Q1 2020 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of 97.22% and 43.56%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

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

FARO Technologies, Inc.'s (FARO) CEO Michael Burger on Q4 2019 Results - Earnings Call Transcript

FARO Technologies' (FARO) CEO Michael Burger on Q3 2019 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of 0.00% and -9.93%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Reports Q3 Loss, Lags Revenue Estimates

FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 2019 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of 207.69% and 0.51%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Q2 Earnings and Revenues Surpass Estimates

Faro Technologies (FARO) Earnings Expected to Grow: What to Know Ahead of Q2 Release

FARO Technologies, Inc. (FARO) CEO Simon Raab on Q1 2019 Results - Earnings Call Transcript

Faro Technologies (FARO) delivered earnings and revenue surprises of -92.86% and -8.78%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Faro Technologies (FARO) Lags Q1 Earnings and Revenue Estimates

Faro Technologies (FARO) to Report Q1 Results: Wall Street Expects Earnings Growth

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News for FARO Technologies Stock (FARO)