FARO Technologies, Inc. (FARO)

NASDAQ: FARO · IEX Real-Time Price · USD
23.20
+0.04 (0.17%)
Mar 24, 2023, 4:00 PM EDT - Market closed
0.17%
Market Cap 435.71M
Revenue (ttm) 345.77M
Net Income (ttm) -26.76M
Shares Out 18.78M
EPS (ttm) -1.46
PE Ratio n/a
Forward PE 30.77
Dividend n/a
Ex-Dividend Date n/a
Volume 95,742
Open 22.93
Previous Close 23.16
Day's Range 22.76 - 23.22
52-Week Range 22.61 - 54.95
Beta 1.33
Analysts Buy
Price Target 39.02 (+68.19%)
Earnings Date Apr 25, 2023

About FARO

FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. 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 temp... [Read more]

Sector Technology
IPO Date Sep 18, 1997
Employees 1,432
Stock Exchange NASDAQ
Ticker Symbol FARO
Full Company Profile

Financial Performance

In 2022, FARO's revenue was $345.77 million, an increase of 2.35% compared to the previous year's $337.81 million. Losses were -$26.76 million, -33.05% less than in 2021.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FARO stock is "Buy." The 12-month stock price forecast is $39.02, which is an increase of 68.19% from the latest price.

Price Target
$39.02
(68.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 month 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 month 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...

2 months 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 ...

2 months 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...

4 months 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...

4 months ago - PRNewsWire

FARO Announces Third Quarter Financial Results

LAKE MARY, Fla. , Nov. 2, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the third quarter end...

5 months ago - PRNewsWire

FARO to Announce Financial Results for the Third Quarter 2022 on November 2, 2022

LAKE MARY, Fla. , Oct. 21, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, November...

5 months ago - PRNewsWire

FARO Technologies ($FARO) Releases New Focus Core Laser Scanner To Capture 3D Reality

FARO Technologies (NASDAQ: FARO), a global leader in 4D digital reality solutions, has announced the release of its all new FARO® Focus Core Laser Scanner. The new product is fully integrated into the...

5 months ago - Green Stock News

FARO Releases Focus Core Laser Scanner

New Scanner Opens the Door for More Applications LAKE MARY, Fla. , Oct. 18, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announc...

5 months ago - PRNewsWire

FARO Announces New 4D Construction Progress Management Solution Uniting Point Cloud Data and 360° Reality Capture

LAKE MARY, Fla. , Sept. 27, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality insights, today announced the 4D Construction Progress Management Soluti...

6 months ago - PRNewsWire

FARO Appoints Patrick Bohle as President, Building Insights

LAKE MARY, Fla. , Sept. 23, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the appointment of Patrick Bohle to the posit...

6 months ago - PRNewsWire

FARO Releases All-New Vantage Max High-Accuracy Laser Tracker Series

—Portable Inspection Tools Now More Precise, Easier to Use & Improve Productivity by 20%— LAKE MARY, Fla. , Sept. 12, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4...

6 months ago - PRNewsWire

FARO Releases First Augmented Reality App for Concrete Construction in Sphere Ecosystem: Flatness Check Enables Enhanced Measurement of Concrete Slabs, Saves Time, Improves Quality and Reduces Waste

LAKE MARY, Fla. , Sept. 8, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the release of FARO Flatness Check, the compan...

7 months ago - PRNewsWire

FARO® Acquires Mobile Scanning Market Leader, GeoSLAM™

—Enables Fast, High Accuracy 3D Model Generation within FARO's 4D Digital Reality Offering— LAKE MARY, Fla. , Sept. 1, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in ...

7 months ago - PRNewsWire

FARO Issues 1st Sustainability Report: Reaffirms Pledge to Reduce GHG Emissions 25% by 2025

--Facility Consolidation & Energy Management Key to Meeting Benchmarks-- LAKE MARY, Fla. , Aug. 23, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality ...

7 months ago - PRNewsWire

FARO Announces Second Quarter Financial Results

LAKE MARY, Fla. , Aug. 3, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the second quarter en...

8 months ago - PRNewsWire

FARO Appoints Rajani Ramanathan to its Board of Directors

LAKE MARY, Fla. , July 29, 2022 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader in 4D digital reality, today announced the expansion of its Board of Directors to nine members and the appointment...

8 months ago - PRNewsWire

FARO to Announce Financial Results for the Second Quarter 2022 on August 3, 2022

LAKE MARY, Fla. , July 19, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality, today announced that after market close on Wednesday, August 3, 2022, it...

8 months ago - PRNewsWire

FARO's HoloBuilder™ Construction Progress Management Solution Gains Widespread Adoption

—1 Year Post Acquisition, GOLDBECK 'Enterprise' Agreement Represents Textbook Example— LAKE MARY, Fla. , June 23, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D di...

9 months ago - PRNewsWire

FARO Announces Election of Yuval Wasserman as Chairman of the Board of Directors

LAKE MARY, Fla. , June 2, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the election of Yuval Wasserman as Chairman of ...

10 months ago - PRNewsWire

FARO Announces First Quarter Financial Results

LAKE MARY, Fla. , April 27, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter e...

11 months ago - PRNewsWire

FARO to Announce Financial Results for the First Quarter 2022 on April 27, 2022

LAKE MARY, Fla. , April 19, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality, today announced that after market close on Wednesday, April 27, 2022, i...

1 year ago - PRNewsWire

FARO Announces Appointment of Jeff Sexton to VP of Global Sales, Upon Retirement of Kevin Beadle

LAKE MARY, Fla. , April 14, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the retirement of Kevin Beadle, Senior Vice P...

1 year ago - PRNewsWire

FARO® Launches End-To-End 3D Digital Reality Capture & Collaboration Platform

—Integrated Cloud-Based Workflow Enables Easy, Fast & Accurate 3D Model Creation— LAKE MARY, Fla. , April 12, 2022 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digita...

1 year ago - PRNewsWire