FARO - FARO Technologies Non-GAAP EPS of $0.38 beats by $0.04 revenue of $103.9M beats by $0.39M

February, 15 2023 04:15 PM FARO Technologies Inc.

FARO Technologies press release ( NASDAQ: FARO ): Q4 Non-GAAP EPS of $0.38 beats by $0.04 .
Revenue of $103.9M (+3.7% Y/Y) beats by $0.39M .
Gross margin of 49.1%, compared to 55.6% in the prior year period with the reduction primarily a result of the stronger US dollar to foreign currency exchange rates
Non-GAAP gross margin of 52.8%, compared to 55.8% in the prior year period
Operating expenses of $52.7 million, compared to $51.8 million in the prior year period
Non-GAAP operating expenses of $45.8 million, compared to $44.2 million in the prior year period
Adjusted EBITDA of $11.7 million, or 11.3% of total sales compared to $14.2 million, or 14.2% of total sales in the prior year period
Cash and short-term investments of $37.8 million, compared to $48.5 million as of September 30, 2022
Full Year 2022 Financial Summary
Total sales of $345.8 million, up 2% compared to the prior year period
Non-GAAP total sales on a constant currency basis of $361.0 million, up 8% compared to the prior year period
Net loss of $26.8 million, or ($1.46) per share compared to net loss of $40.0 million, or ($2.20) per share in the prior year period
Non-GAAP net income of $4.6 million, or $0.25 per share compared to non-GAAP net income of $10.2 million, or $0.56 per share in the prior year period

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