Revenue of $82.6 million , at the upper end of guidance range Gross margin of 55.7%; Non-GAAP gross margin 56.1%, above guidance range Loss per share of $(0.02) ; Non-GAAP earnings per share ("EPS") of $0.21 , above guidance range Cash flow from operations of $2.6 million Share repurchases of $10 million during the quarter LAKE MARY, Fla. , Nov. 6, 2024 /PRNewswire/ -- FARO® Technologies, Inc . (Nasdaq: FARO), a global... Read More

LAKE MARY, Fla. , Oct. 23, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, November 6, 2024 , it will release its financial results for the third quarter ended September 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath , Senior Vice President and... Read More

LAKE MARY, Fla. , Oct. 18, 2024 /PRNewswire/ -- FARO ® (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the appointment of Phillip Delnick to lead FARO's global sales organization as its SVP, Global Sales, effective October 21, 2024 . "Phillip brings a wealth of expertise in sales leadership to FARO, with a proven track record of driving revenue growth, profit growth, and customer satisfaction... Read More

New FARO Focus Premium Max leads refreshed lineup LAKE MARY, Fla. , Oct. 15, 2024 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO) has launched the next generation in the FARO Focus 3D Laser Scanner portfolio. The Focus product line offers a complete 3D laser scanning solution, delivering a more efficient experience from... Read More

New arm series increases accuracy and boosts user confidence LAKE MARY, Fla. , Oct. 8, 2024 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO) has announced the release of the Quantum X FaroArm Series of portable coordinate measurement machines. The Quantum X Series offers an up to 15% increase in accuracy compared to... Read More

Revenue of $82.1 million Gross margin of 54.6%; Non-GAAP gross margin 55.0%, above guidance range Loss per share of $(0.03) ; Non-GAAP earnings per share ("EPS") of $0.18 , above guidance range Cash flow from operations of $4.2 million LAKE MARY, Fla. , Aug. 8, 2024 /PRNewswire/ - - FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the second... Read More

LAKE MARY, Fla. , July 26, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Thursday, August 8, 2024 , it will release its financial results for the second quarter ended June 30, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath , Senior Vice President and Chief... Read More

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that Alex Davern has been appointed to the Board of Directors effective May 23, 2024. Mr. Davern joins the Board as an independent non-executive director and will stand for nomination at the next annual meeting of shareholders. Mr. Davern is formerly the Chairman of the Board of... Read More

Revenue of $84.2 million , at the upper end of guidance range Q1 loss per share of $(0.38) ; Non-GAAP earnings per share ("EPS") of $0.09 , above guidance range Cash flow from operations of $6.6 million LAKE MARY, Fla. , May 1, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2024. "We're... Read More

LAKE MARY, Fla. , April 25, 2024 /PRNewswire/ -- FARO® (Nasdaq: FARO), the global leader in 3D digital measurement, imaging and realization solutions, today announced that after market close on Wednesday, May 1, 2024 , it will release its financial results for the first quarter ended March 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath , Chief Financial... Read More

LAKE MARY, Fla. , March 5, 2024 /PRNewswire/ -- FARO ® (Nasdaq: FARO), the global leader in 3D digital measurement, imaging and realization solutions, will webcast its Investor Event on Monday, March 11, 2024 . Management will share details about the Company's key priorities, target markets, targeted financial model and long-term goals as well as conduct product demonstrations. The following members of management will give... Read More

Q4 revenue of $98.8 million , at the upper end of our guidance range Q4 earnings per share ("EPS") of $0.08 ; Non-GAAP EPS of $0.36 , above our guidance range Significant improvement in cash flow, which results in positive Q4 and FY2023 cash flow from operations LAKE MARY, Fla. , Feb. 27, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its... Read More

LAKE MARY, Fla. , Feb. 13, 2024 /PRNewswire/ -- FARO ® Technologies, Inc. (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, today announced that after market close on Tuesday, February 27, 2024 , it will release its financial results for the fourth quarter and full year ended December 31, 2023. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and... Read More

LAKE MARY, Fla. , Jan. 16, 2024 /PRNewswire/ -- FARO ® (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that Matthew Horwath has been promoted to SVP & Chief Financial Officer from his current position as Vice President of Finance at FARO, effective immediately. Matthew succeeds Allen Muhich , the Company's current Chief Financial Officer, who will provide transition services to the Company... Read More

LAKE MARY, Fla. , Dec. 29, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, today announced the successful completion of its SOC 2 Type II audit for Sphere XG, furthering its commitment to customer security. The audit was conducted by leading compliance assessor, A-LIGN, a technology-enabled security and compliance partner trusted to help... Read More

Revenue of $86.8 million , exceeded high-end of expectations First full quarter of cost reductions achieved quarterly expense expectations Profitability exceeded expectations LAKE MARY, Fla. , Nov. 1, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the third quarter ended September 30, 2023. "Third quarter financial... Read More

LAKE MARY, Fla. , Oct. 25, 2023 /PRNewswire/ -- FARO® Technologies (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology, today announced that after market close on Wednesday, November 1, 2023 , it will release its financial results for the third quarter ended September 30, 2023. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Allen Muhich , Chief... Read More

Sphere XG expands 3D cloud processing, viewing and collaboration to a broad set of FARO and industry capture devices including stationary, mobile, and iPhone LiDAR scanners, and 360° cameras LAKE MARY, Fla. , Oct. 23, 2023 /PRNewswire/ -- FARO ® Technologies (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and... Read More

The first-to-market hybrid scanner offers mobile and stationary scanning in one device LAKE MARY, Fla. , Oct. 10, 2023 /PRNewswire/ -- FARO ® Technologies (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology is proud to announce the release of the FARO ® Orbis™ Mobile Scanner, a... Read More

LAKE MARY, Fla. , Aug. 22, 2023 /PRNewswire/ -- FARO (Nasdaq: FARO), a leading provider of 3D measurement, imaging, and realization solutions, is thrilled to announce its inaugural Signals Conference . The event will take place at the Marriott Lincolnshire Resort, Chicago on October 12 and 13, 2023. The conference will provide attendees with the opportunity to learn how reality capture technology and its data can enable... Read More

LAKE MARY, Fla. , Aug. 2, 2023 /PRNewswire/ -- FARO Technologies, Inc ® (Nasdaq: FARO), a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced, as required by Nasdaq Stock Market Rules, an equity inducement award to Peter J. Lau , the Company's new President and Chief Executive Officer. In... Read More

Revenue of $88.2 million , up 10% year over year, exceeded expectations Implemented cost reduction activities to realize targeted expense levels in third quarter Significant improvement in cash flow results in positive second quarter Free Cash Flow LAKE MARY, Fla. , Aug. 2, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for... Read More

LAKE MARY, Fla. , July 20, 2023 /PRNewswire/ -- FARO ® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, August 2, 2023 , it will release its financial results for the second quarter ended June 30, 2023 . In conjunction with the release, management will host a conference call on Wednesday, August 2, 2023, 2023 at 5:00 p.m. ET. Interested... Read More

Peter Lau to join effective July 24 th , 2023 Yuval Wasserman to continue as Executive Chairman LAKE MARY, Fla. , June 29, 2023 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the appointment of Peter Lau as President and Chief Executive Officer... Read More

LAKE MARY, Fla. , June 6, 2023 /PRNewswire/ -- FARO ® Technologies, Inc . (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced their strategic partnership with HOLOGATE's enterprise division HGXR, developers of high-end extended reality (XR) solutions for training and simulation. For the first time, HGXR systems will integrate state-of-the-art FARO digital scanning technology. The integration will... Read More

NEW YORK , June 2, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20 , to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday. The changes ensure each index is more representative of its... Read More

Michael Burger to retire as President and CEO effective July 1 st , 2023 Yuval Wasserman will become Executive Chairman immediately and will assume the position of Chairman and Interim CEO on July 1 st , 2023 LAKE MARY, Fla. , May 3, 2023 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public... Read More

LAKE MARY, Fla. , May 3, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2023 . "First quarter revenue remained strong at $85.0 million , growing 11% year-on-year, driven primarily by shipments of our new Focus Premium Laser Scanner," said Michael Burger , President and Chief Executive... Read More

LAKE MARY, Fla. , April 26, 2023 /PRNewswire/ -- FARO ® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, May 3, 2023, it will release its financial results for the first quarter ended March 31, 2023. In conjunction with the release, Michael D. Burger, President and Chief Executive Officer, and Allen Muhich, Chief Financial Officer, will... Read More

First Solution in AECO Markets of its Kind LAKE MARY, Fla. , April 4, 2023 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the release of Hybrid Reality Capture™, powered by Flash Technology , a first-of-its-kind solution that delivers faster scanning for... Read More

LAKE MARY, Fla. , Feb. 15, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2022 . "Improving fourth quarter customer demand, with strength in Laser Scanners and the European market, as well as the addition of GeoSLAM resulted in year-on-year revenue growth of 10% to... Read More

LAKE MARY, Fla. , Feb. 7, 2023 /PRNewswire/ -- FARO ® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, February 15, 2023, it will release its financial results for the fourth quarter and full year ended December 31, 2022. In conjunction with the release, Michael D. Burger, President and Chief Executive Officer, and Allen Muhich, Chief... Read More

LAKE MARY, Fla. , Jan. 20, 2023 /PRNewswire/ -- FARO® Technologies, Inc. (NASDAQ: FARO) ("FARO") announced today the pricing of $60 million aggregate principal amount of its 5.50% convertible senior notes due 2028 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). FARO expects the offering of the Notes to close on... Read More

LAKE MARY, Fla. , Jan. 19, 2023 /PRNewswire/ -- FARO ® Technologies, Inc. (Nasdaq: FARO) ("FARO") announced that it intends to offer, subject to market conditions and other considerations, $60 million aggregate principal amount of convertible senior notes due 2028 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").... Read More

LAKE MARY, Fla. , Jan. 19, 2023 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the appointment of Jawad Ahsan to its Board of Directors effective February 1, 2023 , the planned retirement of long-time Board member, Stephen Cole , and the... Read More

LAKE MARY, Fla. , Dec. 1, 2022 /PRNewswire/ -- FARO Technologies, Inc . (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the acquisition of SiteScape , an innovator in LiDAR 3D scanning software solutions for the AEC and O&M markets. SiteScape enables LiDAR equipped mobile devices to easily... Read More

LAKE MARY, Fla. , Nov. 8, 2022 /PRNewswire/ -- FARO ® Technologies, Inc . (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced the release of a new edition of FARO Zone 3D Software to the public safety market, equipping crime, crash, fire, and security professionals with critical new capabilities... Read More

FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the third quarter ended September 30, 2022 . "Customer demand across our served markets remained healthy, with revenue on a constant currency basis of $91.5 million , increasing 14% year on year and up 9% sequentially. Due to continued strengthening of the US dollar, sales on an actual currency... Read More

FARO ® Technologies, Inc. (NASDAQ: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Wednesday, November 2, 2022, it will release its financial results for the third quarter ended September 30, 2022. In conjunction with the release, Michael D. Burger, President and Chief Executive Officer, and Allen Muhich, Chief Financial Officer, will host a conference call on Wednesday,... Read More

New Scanner Opens the Door for More Applications FARO ® Technologies, Inc . (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the release of the FARO ® Focus Core Laser Scanner. The new Focus Core broadens the Focus family's potential range of applications by providing the ideal combination of... Read More