|
| For the Three Months Ended March 31, | ||
(in thousands) | 2023 |
| 2022 |
|
|
|
|
|
Hardware | $ 54,962 |
| $ 46,452 |
Software | 10,279 |
| 10,278 |
Service | 19,727 |
| 19,926 |
Total Sales | $ 84,968 |
| $ 76,656 |
|
|
|
|
|
Hardware as a percentage of total sales | 64.7 % |
| 60.6 % |
Software as a percentage of total sales | 12.1 % |
| 13.4 % |
Service as a percentage of total sales | 23.2 % |
| 26.0 % |
|
|
|
|
|
Total Recurring Revenue (3) | $ 16,685 |
| $ 16,473 |
Recurring revenue as a percentage of total sales | 19.6 % |
| 21.5 % |
|
| |
(3) Recurring revenue is comprised of hardware service contracts, software maintenance contracts, and subscription based software applications. |
FARO TECHNOLOGIES, INC. AND SUBSIDIARIES RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP | |||
|
| |||
|
| Fiscal quarter ending June 30, 2023 | ||
|
| Low |
| High |
GAAP diluted loss per share range | $(1.80) |
| $(1.13) |
Stock-based compensation | 0.30 |
| 0.30 |
Purchase accounting intangible amortization | 0.07 |
| 0.07 |
Restructuring and other costs | 0.75 |
| 0.39 |
Non-GAAP tax adjustments | 0.21 |
| 0.15 |
Non-GAAP diluted loss per share | $(0.47) |
| $(0.22) |
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SOURCE FARO
| Contact: |
| Company Name: FARO
CONTACTS: FARO Technologies, Inc. Allen Muhich, Chief Financial Officer Phone: +1 407-562-5005 Email Contact Sapphire Investor Relations, LLC, Michael Funari or Erica Mannion Phone: +1 617-542-6180 Email Contact Financial data for FARO |
