Faro Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:37 pm EDT
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FARO Technologies, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 76.331 million compared to USD 79.515 million a year ago. Operating loss was USD 6.438 million compared to USD 16.554 million a year ago. Net loss was USD 3.221 million compared to USD 14.823 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.84 a year ago.
FARO Technologies, Inc. is a global technology company. The Company designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging, and realization solutions for the manufacturing, architecture, engineering and construction (AEC), operations and maintenance (O&M) and public safety analytics markets. The Company enables its customers to capture, measure, manipulate, interact with and share four-dimensional (4D), 3D and two-dimensional (2D) data from the physical world in a virtual environment and then translate this information back into the physical domain. The Company's FARO suite of 3D products and software solutions are used for inspection of components and assemblies, rapid prototyping, reverse engineering and various others. Its products include FaroArm Portfolio, FARO Laser Tracker, FARO Laser Scanning Portfolio and FARO Mobile Laser Portfolio. Its software includes FARO Sphere XG, CAM2, BuildIT Metrology and BuildIT Projector.
FARO TECHNOLOGIES, INC. 
