From GlobeNewswire: 2025-02-24 16:05:00

FARO Technologies, Inc. reported Q4 revenue of $93.5 million, at the upper end of guidance, with a net loss of $1.0 million. Non-GAAP EPS was $0.50, exceeding guidance. The company saw significant improvement in cash flow, resulting in positive Q4 and FY2024 cash flow from operations, reaching a decade-high adjusted EBITDA margin of 18%. Full-year 2024 revenue totaled $342.4 million, down 5% year over year, with a net loss of $9.1 million. Non-GAAP net income was $18.5 million. For Q1 2025, FARO expects revenue in the range of $77 to $85 million, with a focus on operational excellence and strategic investments to sustain market leadership. The company will host a conference call to discuss the results on February 24, 2025, at 4:30 p.m. ET. FARO has provided industry-leading technology solutions for 40 years, enabling customers to measure their world and make smarter decisions faster. The company continues to bridge the digital and physical worlds through data-driven accuracy, precision, and immediacy. Non-GAAP financial measures were included in the reporting to enhance investor understanding of historical operations and financial performance. Forward-looking statements were provided with a safe harbor statement under the Private Securities Litigation Reform Act of 1995. Investor contacts for FARO Technologies, Inc. include Chief Financial Officer Matthew Horwath and Sapphire Investor Relations, LLC. The company’s consolidated statements of operations for the three and twelve months ended December 31, 2024, along with balance sheets and cash flows, were provided. Reconciliations of GAAP to non-GAAP figures for EBITDA, adjusted EBITDA, and other key sales measures were included in the report. Free cash flow reconciliation and outlook for the first quarter of 2025 were also provided, with details on GAAP to non-GAAP adjustments. FARO Technologies, Inc. remains committed to providing innovative solutions and driving value for shareholders and customers.



Read more at GlobeNewswire:: FARO Announces Fourth Quarter and Full Year 2024 Financial