{"schema_version":"secwatch.filing_event.v1","accession":"0000917491-24-000008","form_type":"8-K","ticker":null,"cik":"0000917491","company_name":"FARO TECHNOLOGIES INC","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.442341+00:00","generated_at":"2026-06-03T03:46:50.089658+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FARO Q1 2024: Non-GAAP EPS $0.09 beats guidance; revenue $84.2M at upper end","bullets":["Revenue of $84.2M (down 1% YoY) at upper end of guidance; GAAP EPS loss $(0.38), non-GAAP EPS $0.09 beating guidance.","GAAP net loss improved to $7.3M from $21.2M; Adjusted EBITDA $5.6M (6.6% of revenue) vs negative $5.5M a year ago.","Gross margin expanded to 51.4% GAAP (46.7% prior year); operating expenses cut to $48.6M from $58.3M.","Operating cash flow of $6.6M; cash & investments grew to $99.3M from $96.3M at year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0000917491-24-000008","json":"https://secwatch.observer/filing/0000917491-24-000008.json","markdown":"https://secwatch.observer/filing/0000917491-24-000008.md","text":"https://secwatch.observer/filing/0000917491-24-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917491/000091749124000008/0000917491-24-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917491/000091749124000008/faro-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:46:50.089658+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61a921240062b627fe0c3e1e3b81d5d917351a58","claim":"FARO TECHNOLOGIES INC reported the fiscal quarter ended March 31, 2024 results: revenue $84.2 million, net income Net loss of $7.3 million, EPS $(0.38) per share.","evidence_excerpt":"of this Current Report, regardless of any general incorporation language in the filing. --- EX-99.1 (EX-99.1) --- FARO Announces First Quarter Financial Results • Revenue of $84.2 million, at the upper end of guidance range • Q1 loss per share of $(0.38); Non-GAAP earnings per share (“EPS”) of $0.09, above guidance range • Cash flow from operations of $6.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917491/000091749124000008/0000917491-24-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$84.2 million"},{"label":"Net income","value":"Net loss of $7.3 million"},{"label":"EPS","value":"$(0.38) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}