Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-----------------------------------------------------------------------------|-----------------------------------|--------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|----------------------------------------------------------------------|-- ...

FARO Technologies, Inc. (NASDAQ:FARO) Q3 2021 Earnings Conference Call October 27, 2021 5:00 PM ET Company Participants Michael Funari - Sapphire IR Michael Burger - CEO Allen Muhich - CFO Conference Call Participants Greg Palm - Craig-Hallum Capital Andrew DeGasperi - Berenberg Capital Robert Mason - Baird Ben Rose - Battle Road Research Operator Good afternoon everyone and welcome to today's FARO Technologies' Third Quarter 2021 Earnings Call. For opening remarks and introductions, I will now turn the cal ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.001 FARO Nasdaq Global Select Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

FARO Technologies, Inc. (NASDAQ:FARO) Q2 2021 Results Conference Call July 29, 2021 8:00 AM ET Company Participants Michael Funari - Sapphire Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital James Ricchiuti - Needham & Co. Andrew DeGasperi - Berenberg Capital Robert Mason - Baird Operator Good morning, everyone, and welcome to today's FARO Technologies' Second Quarter 2021 Earnings Call. For open ...

Financial Performance - Total sales increased by $21.5 million, or 35.6%, to $82.1 million for the three months ended June 30, 2021, compared to $60.6 million for the same period in 2020 [77]. - Total product sales rose by $18.0 million, or 42.6%, to $60.3 million for the three months ended June 30, 2021, driven by recovery from the COVID-19 pandemic [77]. - Gross profit increased by $16.6 million, or 57.4%, to $45.5 million for the three months ended June 30, 2021, with gross margin rising to 55.4% from 47.7% in the prior year [77]. - Total sales for the six months ended June 30, 2021, increased by $18.3 million, or 13.1%, to $158.4 million from $140.1 million in the prior year [80]. - Gross profit for the six months ended June 30, 2021, increased by $13.1 million, or 18.0%, to $85.9 million, with gross margin rising to 54.2% from 51.9% [80]. - Net loss was $1.2 million for the three months ended June 30, 2021, compared to a net loss of $8.9 million for the same period in 2020 [79]. - Net loss was $4.4 million for the six months ended June 30, 2021, a significant improvement from a net loss of $23.8 million for the prior year period [83]. Expenses and Charges - FARO Technologies recorded pre-tax charges of approximately $49 million in Q4 2019 related to its new strategic plan, including $21.2 million for goodwill impairment and $12.8 million for excess and obsolete inventory [72]. - The company recorded a pre-tax charge of approximately $15.8 million during the year ended December 31, 2020, primarily for severance and related benefits [74]. - FARO expects to incur a cash charge of approximately $6 million in the second half of 2021 related to a manufacturing services agreement with Sanmina Corporation [74]. - FARO aims for a target EBITDA margin of 20%, which may result in additional pre-tax charges ranging from $5 million to $15 million for fiscal year 2021 [74]. - Selling, general and administrative expenses increased by $3.6 million, or 11.8%, to $33.6 million for the three months ended June 30, 2021, while as a percentage of sales, it decreased to 40.9% from 49.6% [79]. - Selling, general and administrative expenses for the six months ended June 30, 2021, increased by $0.5 million, or 0.9%, to $66.9 million, with expenses as a percentage of sales decreasing to 42.3% from 47.4% [82]. - Research and development expenses increased by $1.6 million, or 15.5%, to $11.8 million for the three months ended June 30, 2021, with expenses as a percentage of sales decreasing to 14.3% from 16.8% [79]. - Research and development expenses increased by $3.1 million, or 15.2%, to $23.7 million for the six months ended June 30, 2021, compared to $20.6 million for the same period in 2020 [83]. Cash Flow and Liquidity - Cash and cash equivalents decreased by $52.3 million to $133.3 million at June 30, 2021, primarily due to net cash used in operating and investing activities [85]. - Cash used in operating activities was $12.3 million during the six months ended June 30, 2021, compared to cash provided by operations of $16.1 million during the same period in 2020 [85]. - Cash used in investing activities was $37.8 million for the six months ended June 30, 2021, compared to cash provided by investing activities of $23.4 million in the prior year [85]. - The company believes that its working capital and anticipated cash flow from operations will be sufficient to fund long-term liquidity operating requirements for at least the next 12 months [85]. Foreign Exchange and Taxation - As of June 30, 2021, 61% of revenue was invoiced in foreign currencies, and 34% of assets were denominated in foreign currencies, indicating significant foreign exchange exposure [89]. - The effective tax rate was 31.4% for the six months ended June 30, 2021, compared to 19.1% in the prior year period, influenced by a lower pretax loss and changes in the geographic mix of pretax income [83]. Restructuring and Strategic Plans - The company plans to decrease total headcount by approximately 500 employees as part of its restructuring plan, expected to be completed by the end of 2021 [72]. - FARO's restructuring plan includes a focus on efficiency and cost-saving efforts to improve operating performance [72]. - The company had $40.9 million in purchase commitments expected to be delivered within the next 12 months as of June 30, 2021 [86]. - No stock repurchases were made during the six-month period ended June 30, 2021, leaving $18.3 million remaining under the share repurchase program [85]. Operations and Global Presence - The company operates manufacturing facilities in Switzerland, Singapore, and Florida to support customer orders across different regions [72]. - FARO's revenue is primarily derived from the sale of measurement equipment and related software, recognized upon shipment [72]. - The company has a global presence with sales offices in 20 countries, including the United States, Germany, and China [72]. - The company has not utilized off-balance sheet financial instruments to hedge foreign currency exchange rate exposure in the past [72].

FARO Technologies, Inc. (NASDAQ:FARO) Q1 2021 Earnings Conference Call April 29, 2021 8:00 AM ET Company Participants Michael Funari - Sapphire Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham Danny Eggerichs - Craig-Hallum Alex Ross - Berenberg Capital Richard Eastman - Baird Ben Rose - Battle Road Operator Good morning, everyone, and welcome to the FARO Technologies First Quarter 2021 Earnings Call. For ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.001 FARO Nasdaq Global Select Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

FARO Technologies, Inc. (NASDAQ:FARO) Q4 2020 Earnings Conference Call February 18, 2021 8:00 AM ET Company Participants Michael Funari - Sapphire Investor Relations Michael Burger - Chief Executive Officer Allen Muhich - Chief Financial Officer Conference Call Participants Greg Palm - Craig- Hallum Capital Jim Ricchiuti - Needham & Company Andrew DeGasperi - Berenberg Capital Ben Rose - Battle Road Research Operator Good morning, everyone, and welcome to the FARO Technologies Fourth Quarter and Full Year 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------|---------------------------------|---------------------------|------- ...