法如科技 2025年季度报告

FORM10-Q For the quarterly period endedMarch31, 2025 FARO TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☐Non-acceleratedfiler☐Emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐Nox There were19,226,240shares of theregistrant’s common stock outstanding as of April21, 2025. Quarterly Report on Form 10-QQuarter Ended March31, 2025 Item1. a)Condensed Consolidated Balance Sheets as ofMarch31, 2025(Unaudited) andDecember31, 2024 b)Condensed Consolidated Statements of Operations (Unaudited) For the Three Months EndedMarch31, 2025and March31, 2024 c)Condensed Consolidated Statements of Comprehensive Loss (Unaudited) For the ThreeMonths EndedMarch31, 2025andMarch31, 2024 FARO TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Table of Contents FARO TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) NOTE 1 –DESCRIPTION OF BUSINESS FARO Technologies, Inc. and its subsidiaries (collectively “FARO,” the “Company,” “us,” “we” or “our”) is a global technology companythat designs, develops, manufactures, markets and supports software driven, three-dimensional (“3D”) measurement, imaging, and realizationsolutions for the manufacturing, architecture, engineering and construction (“AEC”), operations and maintenance (“O&M”) and public safetyanalytics markets. We enable our customers to capture, measure, manipulate, interact with and share 4D, 3D and 2D data from the physicalworld in a virtual environment and then translate this information back into the physical domain. Our broad technology set provides customerswith a wide selection of 3D capture technologies that range from ultra-high accuracy laser-scanner-based technology to lower accuracy,photogrammetry-based technology. Our suite of 3D products and software solutions are used for inspection of components and assemblies, NOTE 2 –PRINCIPLES OF CONSOLIDATION Our condensed consolidated financial statements include the accounts of FARO Technologies, Inc. and its wholly owned subsidiaries(collectively “FARO,” the “Company,” “us,” “we” or “our”).All intercompany transactions and balances have been eliminated. The financialstatements of our foreign subsidiaries are translated into U.S. dollars using exchange rates in effect at period-end for assets and liabilities and NOTE 3 –BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance withUnited States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions of Form 10-Qand Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for completefinancial statements. These condensed consolidated financial statements include all normal recurring accruals and adjustments considerednecessary by management for a fair presentation in conformity with U.S. GAAP.Preparing financial statements requires management to make The information included in this Quarterly Report on Form 10-Q, including the interim condensed consolidated financial statements andthe accompanying notes, should be read in conjunction with the audited consolidated financial statements and related notes included in our Table of Contents Stock-based compensation expense is allocated to the applicable departmental cost in our condensed consolidated financial statements.The following table summarizes total stock-based compensation expense for each of the line items on our condensed consolidated statements ofoperations: NOTE 4 –IMPACT OF RECENTLY ISSUED AC