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.

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 measurement, imaging, and realization technology is proud to announce the release of the FARO® Orbis™ Mobile Scanner, a groundbreaking advancement set to redefine 3D reality capture.

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

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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.

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

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 Officer Allen Muhich - Chief Financial Officer Yuval Wasserman - Executive Chairman Conference Call Participants Greg Palm - Craig Hallam Andrew DeGasperi - Berenberg Joseph Donahue - Baird Operator Good day, everyone and welcome to the FARO Technologies Second Quarter 2023 Earnings Call. For opening remarks and introductions, I'll now turn the call over to Michael Funari at Sapphire Investor Relations.

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

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, Engineering & Construction), and Public Safety Analytics markets, today announced, as required by Nasdaq Stock Market Rules, an equity inducement award to Peter J.

FARO Reports Inducement Grant Under Nasdaq Listing Rules

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The 3 Best 3D Printing Stocks to Buy Now: July 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, 2023, it will release its financial results for the second quarter ended June 30, 2023.

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

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, 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 24 th, 2023.

FARO Technologies Appoints Peter Lau as President and Chief Executive Officer

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

FARO Announces Strategic Partnership with HOLOGATE

FARO Technologies, a global technology company specializing in 3D scanning, has recently received more debt financing and announced an integration plan, which may lead to an increase in demand for its stock and FCF margin generation. The company is expected to benefit from the growth of the global 3D scanning market, which is projected to grow at a CAGR of 13.11% from 2022 to 2032. Despite risks from lack of financing and issues with third-party manufacturers, the stock price appears undervalued, and I believe recent consolidation in the 3D printing industry may push FARO to merge with another company, benefiting shareholders.

FARO: Risky, But Cloud Integration May Push The Price Up

FARO Technologies, Inc. (NASDAQ:FARO ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Michael Funari - Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Yuval Wasserman - Chairman Conference Call Participants Danny Eggerichs - Craig-Hallum Capital Group Rob Mason - R. W. Baird Operator Good day, everyone and welcome to the FARO Technologies First Quarter 2023 Earnings Call.

FARO Technologies, Inc. (FARO) Q1 2023 Earnings Call Transcript

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, 2023 LAKE 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.

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

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, 2023, it will release its financial results for the first quarter ended March 31, 2023.

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

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 release of Hybrid Reality Capture™, powered by Flash Technology, a first-of-its-kind solution that delivers faster scanning for large-volume projects in architecture, engineering, construction, and public safety applications.

FARO Releases Hybrid Reality Capture™, Powered by Flash Technology

FARO Technologies, Inc. (NASDAQ:FARO ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Michael Funari - Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Rob Mason - R. W. Baird Ben Rose - Battle Road Research Operator Good day, everyone and welcome to the FARO Technologies Fourth Quarter and Year End 2022 Earnings Call.

FARO Technologies, Inc. (FARO) Q4 2022 Earnings Call Transcript

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 and full year ended December 31, 2022.

FARO Announces Fourth Quarter and Full Year Financial Results

A host of headwinds faces FARO Technologies, leading us to continue our hold recommendation because its technology and management's marketing might drive the shares higher later this year. The company is pursuing the purchase of companies that increase revenue, but a -64.88% in earnings in FY '22 Y/Y is expected to be reported.

Hold On As Headwinds Drive FARO Technologies Near Its Low

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 15, 2023, it will release its financial results for the fourth quarter and full year ended December 31, 2022.

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

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 notes due 2028 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

FARO Announces Pricing of $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 aggregate principal amount of convertible senior notes due 2028 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

FARO Technologies Announces Proposed $60 Million Convertible Senior Notes Offering

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 LiDAR 3D scanning software solutions for the AEC and O&M  markets.

FARO Acquires SiteScape, a Leader in LiDAR Based Scanning Software

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 Software to the public safety market, equipping crime, crash, fire, and security professionals with critical new capabilities they need.

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

FARO Technologies, Inc. (NASDAQ:FARO ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Michael Funari - Sapphire Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Rob Mason - Baird Ben Rose - Battle Road Research Operator Good day, everyone, and welcome to the FARO Technologies Third Quarter 2022 Earnings Call. For opening remarks and introductions, I will now turn the call over to Michael Funari at Sapphire Investor Relations.

FARO Technologies, Inc. (FARO) Q3 2022 Earnings Call Transcript

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 2, 2022, it will release its financial results for the third quarter ended September 30, 2022.

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

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 announced the release of the FARO® Focus Core Laser Scanner.

News for FARO Technologies Stock (FARO)