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Faro Technologies Inc - $FARO STOCK NEWS

Welcome to our dedicated page for Faro Technologies news (Ticker: $FARO), a resource for investors and traders seeking the latest updates and insights on Faro Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Faro Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Faro Technologies's position in the market.

Rhea-AI Summary
FARO Technologies announces the release of the FARO Orbis Mobile Scanner, a hybrid scanner that offers both mobile and stationary scanning in one device.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.79%
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none
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Rhea-AI Summary
FARO announces inaugural Signals Conference to explore reality capture technology in construction and facility management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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none
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Rhea-AI Summary
FARO Technologies grants 434,837 RSUs to new CEO Peter J. Lau as inducement for employment. RSUs awarded in a ratio of 40% time vesting and 60% performance vesting. Performance RSUs granted at 200% if FARO exceeds target criteria. Awards made outside of current equity plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.3%
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none
Rhea-AI Summary
FARO Technologies reported Q2 revenue of $88.2 million, up 10% YoY, exceeding expectations. Cost reduction activities implemented. Cash flow improved. Q3 outlook: revenue $76-84 million, gross margin 45-47%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.3%
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-
Rhea-AI Summary
FARO Technologies, Inc. will release its financial results for Q2 2023 on August 2, 2023. A conference call will be held at 5:00 p.m. ET on the same day. Interested parties can access the call by dialing the provided numbers and using the passcode. A live webcast will also be available on FARO's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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management
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.89%
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partnership
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Rhea-AI Summary
FARO announces retirement of President and CEO Michael Burger, appoints Yuval Wasserman as Executive Chairman and Interim CEO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.51%
Tags
management
Rhea-AI Summary
FARO Technologies announces Q1 2023 financial results with revenue of $85.0 million, up 11% YoY. The company plans to implement cost-saving initiatives to offset revenue impact and inflationary pressures. Outlook for Q2 2023 includes revenue in the range of $79 to $87 million and gross margin in the range of 44% to 47%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.51%
Tags
Faro Technologies Inc

Nasdaq:FARO

FARO Rankings

FARO Stock Data

348.09M
17.00M
4.07%
102.18%
9.09%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States of America
LAKE MARY

About FARO

faro is the world’s most trusted source for 3d measurement technology. the company develops and markets computer-aided measurement and imaging devices and software. technology from faro permits high-precision 3d measurement, imaging and comparison of parts and compound structures within production and quality assurance processes. the devices are used for inspecting components and assemblies, production planning, documenting large volume spaces or structures in 3d, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. worldwide, approximately 15,000 customers are operating more than 30,000 installations of faro's systems. the company's global headquarters is located in lake mary, fla., its european head office in stuttgart, germany and its asia/pacific head office in singapore. faro has branches in brazil, mexico, germany, united kingdom, france, spain, italy, poland, netherlands, india, china, singapore, malaysia, vietnam, thaila