LAKE MARY, Fla. (AP) _ Faro Technologies Inc. (FARO) on Wednesday reported a fourth-quarter loss of $49.7 million, after reporting a profit in the same period a year earlier.
The Lake Mary, Florida-based company said it had a loss of $2.85 per share. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The computer-aided measurement and imaging devices and software company posted revenue of $104.1 million in the period.
For the year, the company reported a loss of $62.1 million, or $3.58 per share, swinging to a loss in the period. Revenue was reported as $381.8 million.
Faro Technologies shares have climbed nearly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $53.75, a climb of 12% in the last 12 months.