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.

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 Solution, available on FARO's Sphere SaaS platform.

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

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 Appoints Patrick Bohle as President, Building Insights

—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 4D digital reality solutions, today announced the release of the new FARO® VantageS6 Max and VantageE6 Max Laser Tracker series.

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

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 company's first augmented reality app for the concrete industry that will enable the immediate visualization of floor flatness and floor levelness ensuring pours are completed on schedule, improved quality of work, and the elimination of expensive rework typical in high-rise residential and office construction.

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

FARO Technologies is a well-positioned business which has not lived up to its positioning for years now. Solid profitability in the past has reverted to losses, resulting in continued dilution and depleting net cash balances.

FARO Technologies: Not Living Up To Its Promises

—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 4D digital reality solutions, today announced the acquisition of UK-based GeoSLAM, a leading provider of mobile scanning solutions with proprietary high-productivity simultaneous localization and mapping (SLAM) software to create 3D models for use in Digital Twin applications.

FARO® Acquires Mobile Scanning Market Leader, GeoSLAM™

--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 solutions, today announced the release of the company's inaugural #Sustainability Report with a renewed commitment to reduce greenhouse gas emissions 25% by 2025.

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

FARO Technologies, Inc. (NASDAQ:FARO ) Q2 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Michael Burger - CEO Allen Muhich - CFO Michael Funari - Sapphire IR Conference Call Participants Greg Palm - Craig-Hallum of Capital Group Andrew DeGasperi - Berenberg Robert Mason - Baird Operator Good afternoon everyone. And welcome to the FARO Technologies, Second Quarter 2022 Earnings Call.

FARO Technologies, Inc. (FARO) CEO Michael Burger on Q2 Results - Earnings Call Transcript

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.

FARO Appoints Rajani Ramanathan to its Board of Directors

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 will release its financial results for the second quarter ended June 30, 2022.

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

FARO Technologies, Inc. (NASDAQ:FARO ) Q4 2021 Earnings Conference Call February 16, 2021 5:00 PM ET Company Participants Michael Burger – Chief Executive Officer Allen Muhich – Chief Financial Officer Michael Funari – Sapphire Investor Relations Conference Call Participants Greg Palm – Craig-Hallum Capital James Ricchiuti – Needham & Company Andrew DeGasperi – Berenberg Capital Robert Mason – Baird Ben Rose – Battle Road Research Operator Please stand by your program is about to begin. Good afternoon everyone.

FARO Technologies, Inc. (FARO) CEO Michael Burger On Q4 2021 Results - Earnings Call Transcript

—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 digital reality solutions, today formally recognized the #Enterprise agreement by GOLDBECK to deploy FARO's HoloBuilder Construction Progress Management solution enterprise-wide as indicative of the healthy market adoption of HoloBuilder following the company's acquisition by FARO in June of 2021, which enabled the industry's first end-to-end #DigitalReality solution.

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

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 the Board of Directors, effective May 26, 2022.

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

FARO Technologies, Inc. (NASDAQ:FARO ) Q1 2022 Earnings Conference Call April 27, 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 Jim Ricchiuti - Needham & Company Rob Mason - R.W. Baird Ben Rose - Battle Road Research Andrew DeGasperi - Berenberg Capital Markets Operator Good afternoon, everyone.

FARO Technologies, Inc.'s (FARO) CEO Michael Burger on Q1 2022 Results - Earnings Call Transcript

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, it will release its financial results for the first quarter ended March 31, 2022.

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

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.

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

—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 digital reality solutions, today announced the launch of an unprecedented, ultra-efficient data capture and collaboration platform.

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

LAKE MARY, Fla., March 8, 2022 /PRNewswire/ --  FARO ®  Technologies, Inc.

FARO Public Safety Expert Alina Burroughs Featured in New True Crime Series on Investigation Discovery

FARO Technologies, Inc. (FARO) CEO Michael Burger on Q4 2022 Results - Earnings Call Transcript

LAKE MARY, Fla., Feb. 1, 2022 /PRNewswire/ -- FARO®Technologies, Inc. (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 after market close on Wednesday, February 16, 2022, it will release its financial results for the fourth quarter and full year ended December 31, 2021.

FARO to Announce Financial Results for the Fourth Quarter and Year End 2021 on February 16, 2022

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FARO Technologies, Inc. (FARO) CEO Michael Burger on Q3 2021 Results - Earnings Call Transcript

Faro Technologies (NASDAQ:FARO) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

Faro Technologies: Q3 Earnings Insights

LAKE MARY, Fla., Oct. 27, 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 its financial results for the third quarter ended September 30, 2021.

FARO Announces Third Quarter 2021 Financial Results

LAKE MARY, Fla., Oct. 22, 2021 /PRNewswire/ -- FARO® Technologies, Inc. (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 after market close on Wednesday, October 27, 2021, the Company will release its financial results for the third quarter ended September 30, 2021.

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