FARO Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
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FARO Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 86.81 million compared to USD 85.33 million a year ago. Net loss was USD 8.76 million compared to USD 6.26 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to USD 0.34 a year ago.
For the nine months, revenue was USD 259.99 million compared to USD 241.91 million a year ago. Net loss was USD 58.17 million compared to USD 24.52 million a year ago. Basic loss per share from continuing operations was USD 3.08 compared to USD 1.34 a year ago. Diluted loss per share from continuing operations was USD 3.08 compared to USD 1.34 a year ago.
FARO Technologies, Inc. is a global technology company. The Company designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging, and realization solutions for the manufacturing, architecture, engineering and construction (AEC), operations and maintenance (O&M) and public safety analytics markets. The Company enables its customers to capture, measure, manipulate, interact with and share four-dimensional (4D), 3D and two-dimensional (2D) data from the physical world in a virtual environment and then translate this information back into the physical domain. The Company's FARO suite of 3D products and software solutions are used for inspection of components and assemblies, rapid prototyping, reverse engineering and various others. Its products include FaroArm Portfolio, FARO Laser Tracker, FARO Laser Scanning Portfolio and FARO Mobile Laser Portfolio. Its software includes FARO Sphere XG, CAM2, BuildIT Metrology and BuildIT Projector.
FARO TECHNOLOGIES, INC. 
