---
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"
generated_at: "2026-06-03T03:46:50.089658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FARO Q1 2024: Non-GAAP EPS $0.09 beats guidance; revenue $84.2M at upper end

## Summary
- 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.

## SEC filing metadata
- accession: 0000917491-24-000008
- form_type: 8-K
- cik: 0000917491
- company_name: FARO TECHNOLOGIES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917491-24-000008
- JSON: https://secwatch.observer/filing/0000917491-24-000008.json
- Plain text: https://secwatch.observer/filing/0000917491-24-000008.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $84.2 million
  - Net income: Net loss of $7.3 million
  - EPS: $(0.38) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/917491/000091749124000008/0000917491-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.