FARO Announces Fourth Quarter and Full Year 2023 Financial Results

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES
RECONCILIATION OF OUTLOOK - GAAP TO NON-GAAP



Fiscal quarter ending March 31, 2024


Low


High

GAAP gross margin

49.0 %


50.5 %

Stock-based compensation

0.5 %


0.5 %

Non-GAAP gross margin

49.5 %


51.0 %

 


Fiscal quarter ending March 31, 2024

(in thousands)

Low


High

GAAP operating expenses

$47,500


$49,500

Stock-based compensation

(3,300)


(3,300)

Purchase accounting intangible amortization

(1,200)


(1,200)

Restructuring and other costs

(2,000)


(2,000)

Non-GAAP operating expenses

$41,000


$43,000

 


Fiscal quarter ending March 31, 2024


Low


High

GAAP diluted loss per share range

$(0.66)


$(0.46)

Stock-based compensation

0.19


0.19

Purchase accounting intangible amortization

0.06


0.06

Restructuring and other costs

0.11


0.11

Non-GAAP tax adjustments

0.10


0.10

Non-GAAP diluted loss per share

$(0.20)


$0.00

 

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SOURCE FARO

Contact:
Company Name: FARO
FARO Technologies, Inc., Matthew Horwath, 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



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