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FARO Q1 2025 Earnings Report
FARO Technologies, Inc. announced its financial results for the first quarter ended March 31, 2025, exceeding expectations with strong revenue, gross margin, and adjusted EBITDA, driven by successful execution of strategic growth initiatives and new product introductions.
Key Takeaways
FARO Technologies reported a strong start to 2025, with Q1 financial results surpassing expectations. Revenue reached $82.9 million, gross margin was 57.0%, and adjusted EBITDA stood at $12.5 million, or 15.0% of revenue. The company achieved GAAP net income of $0.9 million and non-GAAP EPS of $0.33, reflecting successful execution of strategic growth initiatives and increasing traction from refreshed products.
Revenue of $82.9 million, at the upper end of guidance range, demonstrating strong sales performance.
Gross margin of 57.0% and non-GAAP gross margin of 57.7%, both above guidance range, indicating improved profitability.
Adjusted EBITDA of $12.5 million, or 15.0% of total sales, significantly surpassing forecasts and prior year performance.
GAAP net income of $0.9 million and non-GAAP earnings per share of $0.33, reflecting a return to profitability and strong non-GAAP performance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter ending June 30, 2025, FARO expects revenue in the range of $79 million to $87 million, gross margin between 56.5% and 58.0%, and non-GAAP diluted earnings per share between $0.20 and $0.40.
Positive Outlook
- Expected revenue range of $79 million to $87 million.
- Anticipated gross margin between 56.5% and 58.0%.
- Projected non-GAAP gross margin between 57.0% and 58.5%.
- Forecasted non-GAAP diluted earnings per share between $0.20 and $0.40.
- Continued focus on executing growth strategy and expanding addressable opportunity with new product launches.
Challenges Ahead
- Potential for net (loss) income per share in the range of ($0.20) to $0.00.
- Operating expenses expected to be between $45.0 million and $47.0 million.
- Non-GAAP operating expenses expected to be between $38.5 million and $40.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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