FARO Technologies, Inc. (FARO)

NASDAQ: FARO · IEX Real-Time Price · USD
21.61
0.00 (0.00%)
Mar 27, 2024, 12:00 AM EDT - Market open
0.00%
Market Cap 395.89M
Revenue (ttm) 358.83M
Net Income (ttm) -56.58M
Shares Out 18.97M
EPS (ttm) -2.99
PE Ratio n/a
Forward PE 39.71
Dividend n/a
Ex-Dividend Date n/a
Volume 2,317
Open 21.55
Previous Close 21.61
Day's Range 20.95 - 21.62
52-Week Range 10.30 - 25.23
Beta 1.41
Analysts Strong Buy
Price Target 24.67 (+14.16%)
Earnings Date May 1, 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'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 3 analysts, the average rating for FARO stock is "Strong Buy." The 12-month stock price forecast is $24.67, which is an increase of 14.16% from the latest price.

Price Target
$24.67
(14.16% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

23 days ago - PRNewsWire

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 ...

4 weeks 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...

6 weeks 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...

2 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...

3 months ago - PRNewsWire

FARO Announces Third Quarter Financial Results

Revenue of $86.8 million, exceeded high-end of expectations First full quarter of cost reductions achieved quarterly expense expectations Profitability exceeded expectations LAKE MARY, Fla. , Nov. 1, ...

5 months ago - PRNewsWire

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...

5 months 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...

5 months 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...

6 months 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.

7 months ago - PRNewsWire

FARO Reports Inducement Grant Under Nasdaq Listing Rules

LAKE MARY, Fla. , Aug. 2, 2023 /PRNewswire/ -- FARO Technologies, Inc ® (Nasdaq: FARO), a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, E...

8 months ago - PRNewsWire

FARO Announces Second Quarter Financial Results

Revenue of $88.2 million, up 10% year over year, exceeded expectations Implemented cost reduction activities to realize targeted expense levels in third quarter Significant improvement in cash flow re...

8 months ago - PRNewsWire

FARO to Announce Financial Results for the Second Quarter 2023 on August 2, 2023

LAKE MARY, Fla. , July 20, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, August 2...

9 months ago - PRNewsWire

FARO Technologies Appoints Peter Lau as President and Chief Executive Officer

Peter Lau to join effective July 24 th, 2023 Yuval Wasserman to continue as Executive Chairman LAKE MARY, Fla. , June 29, 2023 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, ...

9 months ago - PRNewsWire

FARO Announces Strategic Partnership with HOLOGATE

LAKE MARY, Fla. , June 6, 2023 /PRNewswire/ -- FARO® Technologies, Inc.

10 months ago - PRNewsWire

FARO Technologies Announces Retirement of President & CEO Michael Burger and appointment of Yuval Wasserman as Executive Chairman and Interim CEO

Michael Burger to retire as President and CEO effective July 1 st, 2023 Yuval Wasserman will become Executive Chairman immediately and will assume the position of Chairman and Interim CEO on July 1 st...

11 months ago - PRNewsWire

FARO Announces First Quarter Financial Results

LAKE MARY, Fla. , May 3, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ende...

11 months ago - PRNewsWire

FARO to Announce Financial Results for the First Quarter 2023 on May 3, 2023

LAKE MARY, Fla. , April 26, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, May 3, ...

1 year ago - PRNewsWire

FARO Releases Hybrid Reality Capture™, Powered by Flash Technology

First Solution in AECO Markets of its Kind LAKE MARY, Fla. , April 4, 2023 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the ...

1 year ago - PRNewsWire

FARO Announces Fourth Quarter and Full Year Financial Results

LAKE MARY, Fla. , Feb. 15, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the fourth quarter a...

1 year ago - PRNewsWire

FARO to Announce Financial Results for the Fourth Quarter and Year End 2022 on February 15, 2023

LAKE MARY, Fla. , Feb. 7, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, February ...

1 year ago - PRNewsWire

FARO Announces Pricing of $60 Million Convertible Senior Notes Offering

LAKE MARY, Fla. , Jan. 20, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO) ("FARO") announced today the pricing of $60 million aggregate principal amount of its 5.50% convertible senior n...

1 year ago - PRNewsWire

FARO Technologies Announces Proposed $60 Million Convertible Senior Notes Offering

LAKE MARY, Fla. , Jan. 19, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO) ("FARO") announced that it intends to offer, subject to market conditions and other considerations, $60 million ...

1 year ago - PRNewsWire

FARO Acquires SiteScape, a Leader in LiDAR Based Scanning Software

LAKE MARY, Fla. , Dec. 1, 2022 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the acquisition of SiteScape, an innovator in Li...

1 year ago - PRNewsWire

FARO Zone 3D Forensic Scene Analysis Software Delivers New Photogrammetry Capabilities

LAKE MARY, Fla. , Nov. 8, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced the release of a new edition of FARO Zone 3D So...

1 year ago - PRNewsWire