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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 12, 2005
FARO Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Florida 0-23081 59-3157093
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
125 Technology Park, Lake Mary, Florida 32746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (407) 333-9911
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 7.01 REGULATION FD DISCLOSURE
On April 12, 2005, FARO Technologies announced via press release,
subject: FARO's New Orders Grow 31% in the First Quarter. A copy of the press
release is attached hereto.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release dated as of April 12, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FARO Technologies, Inc.
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(Registrant)
Date April 12, 2005
/s/ Gregory A. Fraser
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Gregory A. Fraser
Executive Vice President, Secretary and
Treasurer
Exhibit 99.1
_+ US1 FAX EML IRW RWB FC1 TNW NSV ED1 PFM (FARO TECHNOLOGIES 154366 FL)
576
f.b.ca
FLTU023 /FROM PR NEWSWIRE MIAMI 305-461-8666/
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[STK] FARO
[IN] AUT MAC STW CPR
[SU]
- -- WITH LOGO -- TO BUSINESS AND TECHNOLOGY EDITORS:
FARO'S NEW ORDERS GROW 31% IN THE FIRST QUARTER
LAKE MARY, Fla., April 12 /PRNewswire-FirstCall/ -- FARO Technologies,
Inc. (Nasdaq: FARO) today reported sales of approximately $27.3 million, in
the fiscal first quarter ended April 2, 2005, a 30.0% increase from
approximately $21.0 million in the first quarter of 2004. The Company also
reported new order bookings of approximately $25.1 million during the first
quarter, an increase of $6.0 million, or 31.4% compared with approximately
$19.1 million in the year-ago quarter.
"Based on our 31% growth in new orders year-to-date, we are maintaining
our sales forecast for 2005 of $121-$126 million," said Simon Raab, FARO's
Chairman and CEO. "We are pleased with the sales growth in the quarter which
is in line with our 25%-30% guidance for the year."
The Company expects to issue its complete earnings release for the first
quarter of 2005 on May 9, 2005.
This press release contains forward-looking statements (within the meaning
of the Private Securities Litigation Reform Act of 1995) that are subject to
risks and uncertainties, such as statements about our plans, objectives,
projections, expectations, assumptions, strategies, or future events.
Statements that are not historical facts or that describe the Company's plans,
objectives, projections, expectations, assumptions, strategies, or goals are
forward-looking statements. In addition, words such as "may," "believes,"
"anticipates," "expects," "intends," "plans," "seeks," "estimates," "will,"
"should," "could," "projects," "forecast," and similar expressions or
discussions of our strategy or other intentions identify forward-looking
statements. Other written or oral statements, which constitute forward-looking
statements, also may be made by the Company from time to time. Forward-
looking statements are not guarantees of future performance and are subject to
various known and unknown risks, uncertainties, and other factors that may
cause actual results, performances, or achievements to differ materially from
future results, performances, or achievements expressed or implied by such
forward-looking statements. Consequently, undue reliance should not be placed
on these forward-looking statements.
Factors that could cause actual results to differ materially from what is
expressed or forecasted in forward-looking statements include, but are not
limited to:
* our inability to grow new orders in the fourth quarter of 2004 at or
near the level of the first three quarters of 2004;
* the cyclical nature of the industries of our customers and the financial
condition of our customers;
* the failure to effectively manage our growth;
* the other risks detailed in the Company's Annual Report on Form 10-K
and other filings from time to time with the Securities and Exchange
Commission.
Forward-looking statements in this release represent the Company's
judgment as of the date of this release. The Company undertakes no obligation
to update publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise.
About FARO:
FARO Technologies, Inc. (Nasdaq: FARO) and its international subsidiaries
design, develop, and market software and portable, computerized measurement
devices. The Company's products allow manufacturers to perform three-
dimensional inspections of parts and assemblies on the shop floor. This helps
eliminate manufacturing errors, and thereby increases productivity and
profitability for a variety of industries in FARO's worldwide customer base.
Principal products include the FARO Gage(TM), Platinum and Titanium
FaroArms(R), the FARO Laser Tracker(R) and a CAM2(R) family of advanced CAD-
based measurement and reporting software. FARO Technologies is ISO 9001
certified and Guide 25 approved. Learn more at http://www.faro.com .
SOURCE FARO Technologies, Inc.
-0- 04/12/2005
/CONTACT: Greg Fraser, EVP, FARO Technologies, Inc., +1-407-333-9911, or
Vic Allgeier, The TTC Group, +1-212-227-0997, for FARO Technologies, Inc./
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com /
/Web site: http://www.faro.com /