Stocks in Action USA: FARO Technologies, PayPal, and Hims & Hers.
Reading Time: 3 minutes
FARO Technologies (FARO): Impressive efficiency turnaround despite revenue decline drives the stock up! FARO Technologies, a leading provider of 3D digital reality solutions, has made impressive progress in profitability despite slightly declining revenues in the fiscal year 2024. Notably, gross margins significantly improved, rising to 56.7% in the fourth quarter (previous year: 50.9%). This efficiency increase resulted in a non-GAAP net income of $9.5 million or $0.50 per share in the fourth quarter, compared to $5.8 million or $0.31 per share...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
