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Mar 31, 2023
Proto Labs Q1 2023 Earnings Report
Proto Labs reported revenue increase of 1.4% year-over-year, with GAAP EPS at $0.10 and Non-GAAP EPS at $0.30.
Key Takeaways
Proto Labs reported first quarter revenue of $125.9 million, a 1.4 percent increase compared to the first quarter of 2022. GAAP earnings per share was $0.10, and non-GAAP earnings per share was $0.30.
Revenue for the first quarter of 2023 was $125.9 million, a 1.4 percent increase compared to $124.2 million in the first quarter of 2022.
Revenue from the digital network powered by Hubs was $17.2 million, representing a 67.3 percent growth over the first quarter of 2022.
Net income for the first quarter of 2023 was $2.7 million, or $0.10 per diluted share.
Non-GAAP net income was $7.9 million, or $0.30 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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