Faro Technologies ( (FARO) ) has released its Q1 earnings. Here is a breakdown of the information Faro Technologies presented to its investors.
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FARO Technologies, Inc., a leader in 4D digital reality solutions, specializes in providing technology that bridges the digital and physical worlds through precise data-driven solutions. The company operates primarily in the technology sector, offering innovative products that enable accurate measurement and analysis.
In its latest earnings report for the first quarter of 2025, FARO Technologies announced revenue of $82.9 million, which was at the upper end of its guidance range. The company reported a gross margin of 57.0% and a non-GAAP gross margin of 57.7%, both surpassing expectations. The earnings per share stood at $0.05, with a non-GAAP EPS of $0.33, also exceeding the guidance range.
Key financial highlights include a net income of $0.9 million, a significant improvement from a net loss of $7.3 million in the same period last year. The adjusted EBITDA reached $12.5 million, accounting for 15.0% of total sales, compared to $5.6 million or 6.6% in the previous year. Operating expenses were reduced to $43.4 million from $48.6 million, reflecting the company’s focus on cost management and operational efficiency.
FARO Technologies attributes its strong performance to successful strategic growth initiatives, including new product launches such as the Leap ST and Blink, and impactful partnerships that contributed to a 6% year-over-year growth in net orders. Despite a slight decline in total sales compared to the previous year, the company maintained a robust cash flow from operations of $5.0 million.
Looking ahead, FARO Technologies remains committed to executing its growth strategy amidst macroeconomic uncertainties. The company expects second-quarter revenue to range between $79 million and $87 million, with a focus on sustaining long-term organic growth through continued innovation and strategic partnerships.