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Faro Technologies (FARO)
NASDAQ:FARO
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 7.24%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in financial performance, product launches, and strategic partnerships. However, these positives were offset by declines in revenue and geographical challenges, particularly in Asia. Overall, the sentiment is cautious optimism, with a strong belief in growth potential despite current market headwinds.Company Guidance
In the fourth quarter of 2024, FARO Technologies, Inc. reported revenue of $93.5 million, surpassing the midpoint of their guidance range, with a non-GAAP gross margin of 57.4%, expanding by over 600 basis points year over year. Non-GAAP operating expenses were $39.9 million, below the targeted range of $40 million to $43 million per quarter. The company achieved $0.50 in non-GAAP EPS, marking the seventh consecutive quarter of beating expectations, and recorded an adjusted EBITDA of $16.7 million, or 17.9% of sales, the highest in over a decade. FARO's operating cash flow was $17.3 million, representing the fifth consecutive quarter of positive cash flow. Despite facing FX headwinds, which affected revenue by approximately $2 million, the company maintained its strong performance. For the full year, non-GAAP gross margins grew by 850 basis points to 55.2%, and FARO achieved double-digit EBITDA margins for the first time since 2018. Looking forward, the company plans to drive organic growth through refreshing core solutions, expanding addressable opportunities, and forming strategic partnerships, with an expectation of overcoming broader market challenges in 2025.Exceeded Financial Targets
Revenue was $93.5 million, above the midpoint of the guidance range. Non-GAAP gross margin expanded over 600 basis points year over year to 57.4%, and non-GAAP operating expenses were below the targeted range.
Record-High EBITDA and Cash Flow
Adjusted EBITDA was $16.7 million or 17.9% of sales, the highest single quarter in over a decade. Operating cash flow was $17.3 million, marking the fifth straight quarter of cash flow generation.
Successful Product Launches
Launched new products including FARO Arm Quantum X, Focus Premium Laser Scanner, and ORBIS Premium Mobile Scanner. Additionally, the FARO LEAP ST handheld scanner was introduced, marking entry into a new market segment.
Significant Partnerships
Signed multiyear partnership agreements with Topcon and a leading metrology company, expected to add over 200 new channel partners and 1,000 sellers of FARO technologies, tripling the sales force.
Improved Long-term Financial Goals
Updated long-term goals with higher gross margin targets and increased EBITDA and free cash flow aspirations due to operational improvements.
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FARO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FARO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $27.07 | $31.76 | +17.33% |
| Nov 06, 2024 | $18.83 | $25.70 | +36.48% |
| Aug 08, 2024 | $14.41 | $15.17 | +5.27% |
| May 01, 2024 | $18.89 | $18.35 | -2.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Faro Technologies (FARO) report earnings?
Faro Technologies (FARO) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Faro Technologies (FARO) earnings time?
Faro Technologies (FARO) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FARO EPS forecast?
FARO EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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