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LAKE MARY, Fla. - FARO Technologies, Inc. (NASDAQ:FARO), a global technology company valued at $478 million and showing impressive momentum with a 39% gain over the past six months, has introduced FARO Blink, a new 3D reality capture software. The product integrates with the FARO Sphere® XG Digital Reality Platform to offer enhanced visualization and automated workflows for a variety of industries.
FARO’s President & CEO, Peter J. Lau, emphasized Blink’s role in simplifying 3D data capture and analysis, making it accessible to professionals regardless of their technical expertise. The software is designed to support designers, builders, surveyors, and operators by providing high-quality visualizations and streamlining project workflows.
Blink has been recognized for its design and functionality, earning accolades such as the Red Dot Design Award and a silver at the New York Design Awards. Its market release is expected to expand FARO’s product offerings and addressable market by catering to the construction, real estate, and geospatial sectors.
FARO, with over four decades of experience, continues its tradition of innovation by connecting the digital and physical worlds through accurate and immediate data-driven solutions. Blink by FARO Technologies is now available globally.
This news is based on a press release statement from FARO Technologies.
In other recent news, Faro Technologies reported fourth-quarter earnings that exceeded analyst expectations. The company posted an adjusted earnings per share of $0.50, surpassing the analyst estimate of $0.31. Revenue for the quarter reached $93.54 million, above the consensus estimate of $91.55 million, although this was a 5% year-over-year decline. Faro’s non-GAAP gross margin improved to 57.4%, and the company achieved a decade-high adjusted EBITDA margin of 18%. For the first quarter of 2025, Faro anticipates revenue between $77 million and $85 million, with the midpoint slightly above analyst projections. The company also projects non-GAAP EPS between $0.10 and $0.30, exceeding the analyst expectation of $0.09. Craig-Hallum analyst Greg Palm raised Faro’s price target from $33.00 to $40.00 and maintained a Buy rating, citing confidence in the company’s growth potential and market execution. These developments reflect Faro’s strategic focus on operational excellence and organic growth.
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