FARO Technologies, Inc. (FARO)

NASDAQ: FARO · Real-Time Price · USD
27.00
+0.70 (2.66%)
Nov 22, 2024, 4:00 PM EST - Market closed
2.66%
Market Cap 510.77M
Revenue (ttm) 347.73M
Net Income (ttm) -6.49M
Shares Out 18.92M
EPS (ttm) -0.34
PE Ratio n/a
Forward PE 29.67
Dividend n/a
Ex-Dividend Date n/a
Volume 196,223
Open 26.38
Previous Close 26.30
Day's Range 25.95 - 27.02
52-Week Range 13.52 - 28.04
Beta 1.26
Analysts Strong Buy
Price Target 28.00 (+3.7%)
Earnings Date Nov 6, 2024

About FARO

FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser... [Read more]

Sector Technology
IPO Date Sep 18, 1997
Employees 1,243
Stock Exchange NASDAQ
Ticker Symbol FARO
Full Company Profile

Financial Performance

In 2023, FARO Technologies's revenue was $358.83 million, an increase of 3.78% compared to the previous year's $345.77 million. Losses were -$56.58 million, 111.5% more than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for FARO stock is "Strong Buy." The 12-month stock price forecast is $28.0, which is an increase of 3.70% from the latest price.

Price Target
$28.0
(3.70% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

FARO Technologies, Inc. (FARO) Q3 2024 Earnings Call Transcript

FARO Technologies, Inc. (FARO) Q3 2024 Earnings Call Transcript

16 days ago - Seeking Alpha

FARO Announces Third Quarter Financial Results

Revenue of $82.6 million, at the upper end of guidance range Gross margin of 55.7%; Non-GAAP gross margin 56.1%, above guidance range Loss per share of $(0.02); Non-GAAP earnings per share ("EPS") of ...

16 days ago - PRNewsWire

FARO to Announce Financial Results for the Third Quarter 2024 on November 6, 2024

LAKE MARY, Fla. , Oct. 23, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, November...

4 weeks ago - PRNewsWire

FARO Technologies Appoints Phillip Delnick as Senior Vice President, Global Sales

LAKE MARY, Fla. , Oct. 18, 2024 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the appointment of Phillip Delnick to lead FARO's global sales or...

5 weeks ago - PRNewsWire

FARO Introduces New Range Capabilities in Focus Laser Scanner Update

New FARO Focus Premium Max leads refreshed lineup LAKE MARY, Fla. , Oct. 15, 2024 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO) has launched the next generation in the FARO Focus 3D Laser Sca...

5 weeks ago - PRNewsWire

FARO Releases New Edition to its Portable CMM Series - FARO Quantum X

New arm series increases accuracy and boosts user confidence LAKE MARY, Fla. , Oct. 8, 2024 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO) has announced the release of the Quantum X FaroArm Se...

6 weeks ago - PRNewsWire

FARO Technologies, Inc. (FARO) Q2 2024 Earnings Call Transcript

FARO Technologies, Inc. (NASDAQ:FARO) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Michael Funari - Investor Relations Greg Palm - Craig-Hallum Capital Group Peter L...

3 months ago - Seeking Alpha

FARO Announces Second Quarter Financial Results

Revenue of $82.1 million Gross margin of 54.6%; Non-GAAP gross margin 55.0%, above guidance range Loss per share of $(0.03); Non-GAAP earnings per share ("EPS") of $0.18, above guidance range Cash flo...

3 months ago - PRNewsWire

FARO to Announce Financial Results for the Second Quarter 2024 on August 8, 2024

LAKE MARY, Fla. , July 26, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Thursday, August 8,...

4 months ago - PRNewsWire

CMG Announces Appointment of Alex Davern to the Board of Directors

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that Alex Davern has been appointed to the Board of Director...

Other symbols: CRUS
6 months ago - GlobeNewsWire

FARO Technologies, Inc. (FARO) Q1 2024 Earnings Call Transcript

FARO Technologies, Inc. (NASDAQ:FARO) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Mike Funari - Sapphire, IR Peter Lau - President and CEO Matt Horwath - CFO Conferen...

7 months ago - Seeking Alpha

FARO Announces First Quarter Financial Results

Revenue of $84.2 million, at the upper end of guidance range Q1 loss per share of $(0.38); Non-GAAP earnings per share ("EPS") of $0.09, above guidance range Cash flow from operations of $6.6 million ...

7 months ago - PRNewsWire

FARO to Announce Financial Results for the First Quarter 2024 on May 1, 2024

LAKE MARY, Fla. , April 25, 2024 /PRNewswire/ -- FARO® (Nasdaq: FARO), the global leader in 3D digital measurement, imaging and realization solutions, today announced that after market close on Wednes...

7 months ago - PRNewsWire

FARO Technologies to Webcast 2024 Investor Event on Monday, March 11, 2024

LAKE MARY, Fla., March 5, 2024 /PRNewswire/ -- FARO® (Nasdaq: FARO), the global leader in 3D digital measurement, imaging and realization solutions, will webcast its Investor Event on Monday, March 11...

9 months ago - PRNewsWire

FARO Technologies, Inc. (FARO) Q4 2023 Earnings Call Transcript

FARO Technologies, Inc. (FARO) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

FARO Announces Fourth Quarter and Full Year 2023 Financial Results

Q4 revenue of $98.8 million, at the upper end of our guidance range Q4 earnings per share ("EPS") of $0.08; Non-GAAP EPS of $0.36, above our guidance range Significant improvement in cash flow, which ...

9 months ago - PRNewsWire

FARO to Announce Financial Results for the Fourth Quarter and Year End 2023 on February 28, 2024

LAKE MARY, Fla. , Feb. 13, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, today announced that after market clo...

10 months ago - PRNewsWire

FARO Technologies Announces CFO Transition

LAKE MARY, Fla. , Jan. 16, 2024 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that Matthew Horwath has been promoted to SVP & Chief Financial O...

11 months ago - PRNewsWire

FARO Successfully Completes SOC 2 Type II Audit

LAKE MARY, Fla. , Dec. 29, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, today announced the successful comple...

11 months ago - PRNewsWire

FARO Technologies, Inc. (FARO) Q3 2023 Earnings Call Transcript

FARO Technologies, Inc. (NASDAQ:FARO) Q3 2023 Results Conference Call November 2, 2023 8:00 AM ET Company Participants Michael Funari - Sapphire, IR Peter Lau - President and CEO Allen Muhich - CFO C...

1 year ago - Seeking Alpha

FARO to Announce Financial Results for the Third Quarter 2023 on November 2, 2023

LAKE MARY, Fla. , Oct. 25, 2023 /PRNewswire/ -- FARO® Technologies (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology, today announced that after market clos...

1 year ago - PRNewsWire

FARO Releases Next Generation Cloud Platform, Sphere XG

Sphere XG expands 3D cloud processing, viewing and collaboration to a broad set of FARO and industry capture devices including stationary, mobile, and iPhone LiDAR scanners, and 360 ° cameras LAKE MAR...

1 year ago - PRNewsWire

Revolutionizing 3D Scanning Data Capture, FARO® Unveils Orbis™ Mobile Scanner

The first-to-market hybrid scanner offers mobile and stationary scanning in one device LAKE MARY, Fla. , Oct. 10, 2023 /PRNewswire/ -- FARO® Technologies (Nasdaq: FARO), a pioneer in the field of 3D m...

1 year ago - PRNewsWire

FARO Presents Inaugural Conference, Signals: Illuminating the Future of Reality Capture Technology

LAKE MARY, Fla. , Aug. 22, 2023 /PRNewswire/ -- FARO (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, is thrilled to announce its inaugural Signals Conference.

1 year ago - PRNewsWire

FARO Technologies, Inc. (FARO) Q2 2023 Earnings Call Transcript

FARO Technologies, Inc. (NASDAQ:FARO) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Michael Funari - Investor Relations Peter Lau - President and Chief Executive Off...

1 year ago - Seeking Alpha