FARO Technologies has added the following News Release to its Investor Relations
web site.
FARO Technologies Reports First Quarter Results
Date: 5/11/2000 7:14:00 PM
To view the release click on the following link:
faro.com
LAKE MARY, Fla., May 11, 2000 ? FARO Technologies, Inc. (Nasdaq: FARO), a leading provider of computer-aided manufacturing measurement (CAM2) solutions, today announced that its revenues for the first quarter ended March 31, 2000 increased 42.0% to $9.8 million from $6.9 million in the first quarter of 1999. The Company?s gross margin remained strong, at 60.0%, compared to 60.3% in the first quarter of 1999. The Company?s first quarter 2000 earnings before interest, taxes, depreciation and amortization (EBITDA) was $23,000, an improvement of $445,000 from a loss before interest, taxes, depreciation and amortization of $422,000 in the first quarter of 1999
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Neat graphics on the site.
Have to check it out later.
Jack |
