FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement, imaging, and realization solutions worldwide. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurately position components; and FARO Focus laser scanner to measure and collect a cloud of data points. In addition, the company offers FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a family of computer-aided design-based measurement and laser scanner software. FARO Technologies, Inc. offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
IPO Year: 1997
Exchange: NASDAQ
Website: faro.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/3/2023 | $26.00 | Hold → Buy | Craig Hallum |
| 4/28/2022 | $74.00 → $40.00 | Buy → Hold | Craig Hallum |
| 2/17/2022 | $77.00 → $72.00 | Buy | Needham |
| 10/7/2021 | $77.00 | Hold → Buy | Needham |
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
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4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
4 - FARO TECHNOLOGIES INC (0000917491) (Issuer)
Craig Hallum upgraded FARO Techs from Hold to Buy and set a new price target of $26.00
Craig Hallum downgraded FARO Techs from Buy to Hold and set a new price target of $40.00 from $74.00 previously
Needham reiterated coverage of Faro Technologies with a rating of Buy and set a new price target of $72.00 from $77.00 previously
Needham upgraded Faro Technologies from Hold to Buy and set a new price target of $77.00
Robert W. Baird resumed coverage of FARO Technologies with a rating of Hold
Craig Hallum reiterated coverage of FARO Technologies with a rating of Buy and set a new price target of $117.00 from $70.00 previously
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 6, 2024, it will release its financial results for the third quarter ended September 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Wednesday, November 6, 2024, at 4:30 pm. ET. Interested parties can access the conference call by diali
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 organization as its SVP, Global Sales, effective October 21, 2024. "Phillip brings a wealth of expertise in sales leadership to FARO, with a proven track record of driving revenue growth, profit growth, and customer satisfaction across multiple product sectors over nearly two decades at Ingersoll Rand," said Peter Lau, President & Chief Executive Officer. "We look forward to welcoming
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 Scanner portfolio. The Focus product line offers a complete 3D laser scanning solution, delivering a more efficient experience from data capture to insights. The latest addition to the lineup, Focus Premium Max, extends the portfolio's scanning range to 400 meters, enabling users to gather data from large outdoor environments. FARO also simplified the full Focus portfolio, enabling all
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 Series of portable coordinate measurement machines. The Quantum X Series offers an up to 15% increase in accuracy compared to previous Quantum Max FaroArms, with probing and scanning designed to improve manufacturing efficiency in a configurable and scalable solution. The Quantum X Series offers an up to 15% increase in accuracy compared to previous Quantum Max FaroArms."The Quantum X
Revenue of $82.1 millionGross margin of 54.6%; Non-GAAP gross margin 55.0%, above guidance rangeLoss per share of $(0.03); Non-GAAP earnings per share ("EPS") of $0.18, above guidance rangeCash flow from operations of $4.2 millionLAKE MARY, Fla., Aug. 8, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the second quarter ended June 30, 2024. "As I reflect on the completion of my first year at FARO, I am pleased with the execution of the first phase of our journey to drive ope
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, 2024, it will release its financial results for the second quarter ended June 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Thursday, August 8, 2024, at 4:30 pm. ET. Interested parties can access the conference call by dialing +1 800-
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 Directors effective May 23, 2024. Mr. Davern joins the Board as an independent non-executive director and will stand for nomination at the next annual meeting of shareholders. Mr. Davern is formerly the Chairman of the Board of Directors of ESI Group and spent more than 25 years in senior executive leadership roles at National Instruments, including serving as the Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer. He currently holds director positions with both Faro
Revenue of $84.2 million, at the upper end of guidance rangeQ1 loss per share of $(0.38); Non-GAAP earnings per share ("EPS") of $0.09, above guidance rangeCash flow from operations of $6.6 millionLAKE MARY, Fla., May 1, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2024. "We're pleased with our strong start to the year, with our first quarter financial performance providing a solid foundation from which we expect to continue to invest in
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 Wednesday, May 1, 2024, it will release its financial results for the first quarter ended March 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Chief Financial Officer, will host a conference call on Thursday, May 2, 2024 at 8:00 am. ET. Interested parties can access the conference call by dialing 888-632-3384 (U.S.) or +1
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, 2024. Management will share details about the Company's key priorities, target markets, targeted financial model and long-term goals as well as conduct product demonstrations. The following members of management will give presentations which are expected to commence at 10:00 AM ET and conclude at approximately 12:00 PM ET. Peter Lau – Chief Executive Officer Matt Horwath
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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 6, 2024, it will release its financial results for the third quarter ended September 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Wednesday, November 6, 2024, at 4:30 pm. ET. Interested parties can access the conference call by diali
Revenue of $82.1 millionGross margin of 54.6%; Non-GAAP gross margin 55.0%, above guidance rangeLoss per share of $(0.03); Non-GAAP earnings per share ("EPS") of $0.18, above guidance rangeCash flow from operations of $4.2 millionLAKE MARY, Fla., Aug. 8, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the second quarter ended June 30, 2024. "As I reflect on the completion of my first year at FARO, I am pleased with the execution of the first phase of our journey to drive ope
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, 2024, it will release its financial results for the second quarter ended June 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Thursday, August 8, 2024, at 4:30 pm. ET. Interested parties can access the conference call by dialing +1 800-
Revenue of $84.2 million, at the upper end of guidance rangeQ1 loss per share of $(0.38); Non-GAAP earnings per share ("EPS") of $0.09, above guidance rangeCash flow from operations of $6.6 millionLAKE MARY, Fla., May 1, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2024. "We're pleased with our strong start to the year, with our first quarter financial performance providing a solid foundation from which we expect to continue to invest in
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 Wednesday, May 1, 2024, it will release its financial results for the first quarter ended March 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Chief Financial Officer, will host a conference call on Thursday, May 2, 2024 at 8:00 am. ET. Interested parties can access the conference call by dialing 888-632-3384 (U.S.) or +1
Q4 revenue of $98.8 million, at the upper end of our guidance rangeQ4 earnings per share ("EPS") of $0.08; Non-GAAP EPS of $0.36, above our guidance rangeSignificant improvement in cash flow, which results in positive Q4 and FY2023 cash flow from operationsLAKE MARY, Fla., Feb. 27, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2023. "We are pleased with our improved financial performance and remain excited about the long
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 close on Tuesday, February 27, 2024, it will release its financial results for the fourth quarter and full year ended December 31, 2023. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Chief Financial Officer, will host a conference call on Wednesday, February 28, 2024 at 8:00 am. ET. Interested parties can access the conference c
Revenue of $88.2 million, up 10% year over year, exceeded expectationsImplemented cost reduction activities to realize targeted expense levels in third quarterSignificant improvement in cash flow results in positive second quarter Free Cash FlowLAKE MARY, Fla., Aug. 2, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ:FARO), a global leader in 4D digital reality solutions, today announced its financial results for the second quarter ended June 30, 2023. "Second quarter revenue of $88.2 million, increased 10% year over year or 6% excluding the impact of prior year acquisiti
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, 2023, it will release its financial results for the second quarter ended June 30, 2023. In conjunction with the release, management will host a conference call on Wednesday, August 2, 2023, 2023 at 5:00 p.m. ET. Interested parties can access the conference call by dialing 800-245-3047 (U.S.) or +1 203-518-9765 (International) and using the passcode FARO. To avoid a delay in connec
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 ended March 31, 2023. "First quarter revenue remained strong at $85.0 million, growing 11% year-on-year, driven primarily by shipments of our new Focus Premium Laser Scanner," said Michael Burger, President and Chief Executive Officer. "After experiencing delays in customer purchase decisions late in the first quarter due to a softening macroeconomic environment, we are implementing add
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 organization as its SVP, Global Sales, effective October 21, 2024. "Phillip brings a wealth of expertise in sales leadership to FARO, with a proven track record of driving revenue growth, profit growth, and customer satisfaction across multiple product sectors over nearly two decades at Ingersoll Rand," said Peter Lau, President & Chief Executive Officer. "We look forward to welcoming
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 Directors effective May 23, 2024. Mr. Davern joins the Board as an independent non-executive director and will stand for nomination at the next annual meeting of shareholders. Mr. Davern is formerly the Chairman of the Board of Directors of ESI Group and spent more than 25 years in senior executive leadership roles at National Instruments, including serving as the Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer. He currently holds director positions with both Faro
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 Officer from his current position as Vice President of Finance at FARO, effective immediately. Matthew succeeds Allen Muhich, the Company's current Chief Financial Officer, who will provide transition services to the Company through April 1, 2024. "After an extensive search of external and internal candidates, it is clear that Matthew's in-depth understanding of FARO, unique and expe
Peter Lau to join effective July 24th, 2023Yuval Wasserman to continue as Executive ChairmanLAKE MARY, Fla., June 29, 2023 /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 Peter Lau as President and Chief Executive Officer and as a member of the Company's Board of Directors, effective July 24th, 2023. As of Mr. Lau's start date, Mr. Wasserman will no longer be the Company's Interim
Michael Burger to retire as President and CEO effective July 1st, 2023Yuval Wasserman will become Executive Chairman immediately and will assume the position of Chairman and Interim CEO on July 1st, 2023LAKE MARY, Fla., May 3, 2023 /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 Michael Burger has informed the company that he intends to retire as president & chief executive officer and such retirement will be effective July 1st, 2023. The board of directors has appointed Yuval Wasserman, its current chairman
LAKE MARY, Fla., Jan. 19, 2023 /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 Jawad Ahsan to its Board of Directors effective February 1, 2023, the planned retirement of long-time Board member, Stephen Cole, and the appointment of Alex Davern as the Chair of the Company's Audit Committee in connection with Mr. Cole's upcoming retirement. Appointment of Jawad Ahsan to the FARO Boa
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 position of President, Building Insights. FARO's strategy to enable the digitalization of the world's physical assets includes the development of software applications to increase the value customers realize from FARO's broad set of 3D capture tools. To ensure the focus needed for success, Patrick Bohle and his team will be singularly focused on the identification, creation and deployme
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 of Rajani Ramanathan to its Board of Directors. Ms. Ramanathan has held numerous senior executive leadership positions at Salesforce.com, concluding her nearly 14-year tenure as Salesforce's Executive Vice President and Chief Operating Officer of Technology & Products. "Rajani's experience in building one of the pioneers of the SaaS industry at Salesforce.com, will be invaluable a
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 President of Global Sales. "Kevin has been instrumental leading the sales transformation that has enabled a significant increase in our global sales team's efficiency," said Michael Burger, FARO President and Chief Executive Officer. "The entire FARO family wishes Kevin the best as he embarks on this next stage of his life." FARO announces the appointment of Jeff Sexton to lead FARO
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. Appointment of Moonhie ChinMs. Chin has held numerous senior executive leadership positions at Autodesk, Inc and concluded her 30-year tenure as Autodesk's Senior Vice President of Digital Platform and Experience. "Moonhie's background in buildin
Needham analyst James Ricchiuti reiterates Faro Technologies (NASDAQ:FARO) with a Buy and maintains $27 price target.
or the second quarter ending June 30, 2024, FARO currently expects: Gross margin in the range of 50.5% to 52.0%. Non-GAAP gross margin in the range of 51.0% to 52.5% Net loss per share in the range of ($0.43) to ($0.23)
Faro Technologies (NASDAQ:FARO) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $(0.12) by 175 percent. This is a 123.68 percent increase over losses of $(0.38) per share from the same period last year. The company reported quarterly sales of $84.244 million which beat the analyst consensus estimate of $81.070 million by 3.92 percent. This is a 0.85 percent decrease over sales of $84.967 million the same period last year.
- SEC Filing
Needham analyst James Ricchiuti reiterates Faro Technologies (NASDAQ:FARO) with a Buy and maintains $27 price target.
Needham analyst James Ricchiuti reiterates Faro Technologies (NASDAQ:FARO) with a Buy and maintains $27 price target.
Faro Technologies (NASDAQ:FARO) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.21 by 71.43 percent. This is a 5.26 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $98.84 million which beat the analyst consensus estimate of $96.17 million by 2.77 percent. This is a 4.83 percent decrease over sales of $103.86 million the same period last year.
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Faro Technologies (NASDAQ:FARO) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement. Analysts estimate that Faro Technologies will report an earnings per share (EPS) of $0.21. Faro Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.26, which was followed by a 15.86%