Faro Technologies: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:03 PM ET
Last Updated - Jun 21, 2023, 11:13 PM EDT
LAKE MARY, Fla. (AP) — LAKE MARY, Fla. (AP) — Faro Technologies Inc. (FARO) on Wednesday reported a loss of $21.2 million in its first quarter.
The Lake Mary, Florida-based company said it had a loss of $1.12 per share. Losses, adjusted for non-recurring costs and stock option expense, were 38 cents per share.
The computer-aided measurement and imaging devices and software company posted revenue of $85 million in the period.
For the current quarter ending in June, Faro Technologies expects its results to range from a loss of 47 cents per share to a loss of 22 cents per share.
