LAKE MARY, Fla. (AP) — LAKE MARY, Fla. (AP) — Faro Technologies Inc. (FARO) on Wednesday reported a loss of $7.3 million in its first quarter.
On a per-share basis, the Lake Mary, Florida-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 9 cents per share.
The computer-aided measurement and imaging devices and software company posted revenue of $84.2 million in the period.
For the current quarter ending in June, Faro Technologies expects its results to range from a loss of 8 cents per share to earnings of 12 cents per share.
The company said it expects revenue in the range of $79 million to $87 million for the fiscal second quarter.
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