NASDAQ$FARO
FARO Technologies Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
FARO's financial performance was announced for the second quarter of 2024, with revenue at $82.1 million and non-GAAP EPS at $0.18.
FARO Technologies reported revenue of $82.1 million for Q2 2024. The company's GAAP net loss was $0.5 million, with a loss per share of $(0.03). Non-GAAP EPS was $0.18. Cash flow from operations was $4.2 million.
- Revenue reached $82.1 million.
- Gross margin was 54.6%, with Non-GAAP gross margin at 55.0%, exceeding guidance.
- Loss per share was $(0.03), while Non-GAAP earnings per share was $0.18, also above guidance.
- Cash flow from operations amounted to $4.2 million.
Headline financials
Revenue & EPS history
FARO · Revenue · Quarterly
$82.1M
Revenue by segment
FARO · $19.9M total across 1 segment · Q3 2023
- Service Sales$19.9M+0.8%100.0%
Forward guidance
For the third quarter ending September 30, 2024, FARO 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), and non-GAAP net loss to net income per share in the range of $(0.01) to $0.19.
Tailwinds
- Revenue is projected to be between $76 million and $84 million.
- Gross margin is expected to range from 53.0% to 54.5%.
- Non-GAAP gross margin is anticipated to be between 53.5% and 55.0%.
Headwinds
- Operating expenses are projected to be between $45 million and $47 million.
- Non-GAAP operating expenses are expected to range from $40 million to $42 million.
- Net loss per share is projected to be in the range of ($0.32) to ($0.12).
- Non-GAAP net loss to net income per share is expected to be in the range of $(0.01) to $0.19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q2 2024
+1.8%
Avg return
Earnings day
+19.0%
Avg return
5 days after
+17.2%
Avg return
30 days after
56%
35 / 62 earnings
Positive
+41.4%
Q3 2024
Best reaction
-42.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | — | — | — | |
| Q1 2025 | +34.7% | +34.5% | +34.9% | |
| Q4 2024 | +17.3% | +17.9% | +4.9% | |
| Q3 2024 | +41.4% | +53.9% | +46.9% | |
| Q2 2024 | +7.1% | +9.3% | +18.1% | |
| Q1 2024 | -2.1% | -2.8% | -0.4% | |
| Q4 2023 | +2.8% | +1.1% | -1.2% | |
| Q3 2023 | +13.5% | — | — | |
| Q2 2023 | +17.0% | — | — | |
| Q1 2023 | -42.7% | — | — | |
| Q4 2022 | +3.1% | — | — | |
| Q3 2022 | +1.7% | — | — | |
| Q2 2022 | +10.3% | — | — | |
| Q1 2022 | -23.0% | — | — | |
| Q4 2021 | -7.1% | — | — | |
| Q3 2021 | -0.1% | — | — | |
| Q2 2021 | +1.3% | — | — | |
| Q1 2021 | -7.8% | — | — | |
| Q4 2020 | +12.9% | — | — | |
| Q3 2020 | -2.7% | — | — | |
| Q2 2020 | -4.2% | — | — | |
| Q1 2020 | +13.0% | — | — | |
| Q4 2019 | +14.0% | — | — | |
| Q3 2019 | +0.4% | — | — | |
| Q2 2019 | -1.1% | — | — | |
| Q1 2019 | -2.2% | — | — | |
| Q4 2018 | -7.2% | — | — | |
| Q3 2018 | -8.7% | — | — | |
| Q2 2018 | +17.2% | — | — | |
| Q1 2018 | -15.8% | — | — | |
| Q4 2017 | +16.2% | — | — | |
| Q3 2017 | +19.2% | — | — | |
| Q2 2017 | -6.2% | — | — | |
| Q1 2017 | -5.8% | — | — | |
| Q4 2016 | -6.5% | — | — | |
| Q3 2016 | -8.9% | — | — | |
| Q2 2016 | -9.5% | — | — | |
| Q1 2016 | +13.4% | — | — | |
| Q4 2015 | +14.5% | — | — | |
| Q3 2015 | -27.9% | — | — | |
| Q2 2015 | +15.3% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | +7.2% | — | — | |
| Q2 2014 | +15.0% | — | — | |
| Q1 2014 | -17.3% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +11.8% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | -11.7% | — | — | |
| Q4 2012 | +21.3% | — | — | |
| Q3 2012 | -18.0% | — | — | |
| Q2 2012 | -23.7% | — | — | |
| Q1 2012 | +5.1% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q3 2011 | +12.6% | — | — | |
| Q3 2010 | +12.6% | — | — | |
| Q2 2010 | -9.2% | — | — | |
| Q2 2011 | -9.2% | — | — | |
| Q4 2010 | +7.3% | — | — | |
| Q1 2010 | +7.3% | — | — | |
| Q1 2011 | +7.3% | — | — |
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