Core Insights - FARO Technologies, Inc. reported strong first-quarter financial results for 2025, exceeding expectations and reflecting successful execution of strategic growth initiatives [2] - The company achieved a 6% year-over-year growth in net orders, driven by refreshed products and new solutions [2] - FARO's GAAP net income was $0.9 million, with adjusted EBITDA of $12.5 million, representing 15.0% of revenue, surpassing forecasts [2] Financial Performance - Total revenue for Q1 2025 was $82.9 million, slightly down 1.6% year-over-year [7] - Gross margin improved to 57.0%, compared to 51.4% in the prior year, while non-GAAP gross margin was 57.7% [7][6] - Operating expenses decreased to $43.4 million from $48.6 million in the prior year [7] - Net income per share was $0.05, a significant recovery from a net loss of $0.38 per share in the prior year [7] Operational Highlights - The company launched new products, including the Leap ST and Blink, which are expected to expand its market opportunities [2] - Cash flow from operations was reported at $5.0 million, indicating strong operational efficiency [6] - FARO's total cash, cash equivalents, and short-term investments increased to $102.6 million from $98.7 million at the end of 2024 [7] Outlook - For Q2 2025, FARO expects revenue in the range of $79 to $87 million, with gross margin between 56.5% and 58.0% [8] - The company anticipates non-GAAP net income per share to range from $0.20 to $0.40 [8]