Exceeding Targets
FARO Technologies exceeded all targets in Q1 2025, with revenue of $82.9 million, non-GAAP gross margins of 57.7%, and non-GAAP operating expenses of $38.5 million. Non-GAAP EPS reached $0.33, the highest Q1 in company history.
Significant EBITDA Growth
EBITDA for Q1 2025 was $12.5 million, representing 124% year-over-year growth and an 840 basis point expansion.
Product Refresh and New Launches
FARO launched several new products, including Leap ST and Blink, which have seen strong early market reception, contributing to revenue growth in Q1.
Strategic Partnerships
Two major global partnership agreements were signed, each expected to contribute low eight figures in revenue annually.