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FARO Technologies Expects Q3 Revenue Of $76M-$84M Vs. $83.609M Consensus; Sees Adj. EPS Of $(0.01) to $0.19 Vs. $(0.02) Consensus

Benzinga ·  Aug 9 15:31

Outlook for the Third Quarter 2024

For the third quarter ending September 30, 2024, FARO currently expects:

  • Revenue in the range of $76 to $84 million
  • Gross margin in the range of 53.0% to 54.5%. Non-GAAP gross margin in the range of 53.5% to 55.0%
  • Operating expenses in the range of $45 to $47 million. Non-GAAP operating expenses in the range of $40 to $42 million
  • Net loss per share in the range of ($0.32) to ($0.12). Non-GAAP net loss to net income per share in the range of $(0.01) to $0.19.
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