Operating expenses of $48.4M, cash, cash equivalents and short-term investments of $98.7M.
LAKE MARY, FL, Feb 25, 2025 – FARO has announced its financial results for the fourth quarter and full year ended Dec 31, 2024. Revenue for the fourth quarter of 2024 was $93.5M, up 13.2% compared to $82.6M for the third quarter of 2024. Net loss was $0.99M.
“We are proud to conclude the year with strong momentum, surpassing targets across all of our metrics in the fourth quarter and achieving a decade-high adjusted EBITDA margin of 18% along with our fifth consecutive quarter of positive operating cash flow,” said Peter Lau, president & chief executive officer. “2024 was a milestone year for FARO, marking our first double-digit adjusted EBITDA margin since 2018 and the first time in over a decade to exceed 11% adjusted EBITDA margins for the full year, driving a $29.6 million year-over-year increase in operating cash flow. As we enter 2025, we are confident that our multi-phase strategy, focused on operational excellence, organic growth, and strategic investments, positions us for sustained market leadership and long-term value creation for our shareholders.”
A complete chart of the financial results is available here.
For more information about FARO, visit faro.com.
