2023-08-02 16:26:44 ET
- FARO Technologies press release ( NASDAQ: FARO ): Q2 Non-GAAP EPS of -$0.14 beats by $0.26 .
- Revenue of $88.2M (+10.4% Y/Y) beats by $6.64M .
- Adjusted EBITDA of $0.9 million, or 1.0% of total sales compared to an approximate $0.5 million, or 0.6% of total sales in the prior year period
- Cash and short-term investments of $88.5 million, compared to $88.6 million as of March 31, 2023
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Outlook for the Third Quarter 2023
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For the third quarter ending September 30, 2023, FARO currently expects:
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Revenue in the range of $76 to $84 million
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Gross margin in the range of 45% to 47%. Non-GAAP gross margin in the range of 46% to 48%
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Operating expenses in the range of $50.9 to $53.4 million. Non-GAAP operating expenses in the range of $41.0 to $42.5 million
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Net loss per share in the range of ($1.25) to ($0.71). Non-GAAP net loss per share in the range of ($0.35) to ($0.10)
For further details see:
FARO Technologies Non-GAAP EPS of -$0.14 beats by $0.26, revenue of $88.2M beats by $6.64M