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Mar 31, 2024
Proto Labs Q1 2024 Earnings Report
Proto Labs reported strong financial and operational results in the first quarter of 2024, with revenue up 1.6% year-over-year and Protolabs Network revenue up 38.9%.
Key Takeaways
Proto Labs reported a revenue of $127.9 million, a 1.6% increase compared to the first quarter of 2023. The company's GAAP earnings per share was $0.20, and non-GAAP earnings per share was $0.40. Revenue generated from Protolabs Network was $23.9 million, a 38.9% increase compared to the first quarter of 2023.
Revenue was $127.9 million, a 1.6% increase compared to the first quarter of 2023.
Revenue generated from Protolabs Network was $23.9 million, a 38.9% increase compared to the first quarter of 2023.
GAAP earnings per share was $0.20, compared to $0.10 per diluted share, in the first quarter of 2023.
Non-GAAP earnings per share was $0.40, compared to $0.30 per diluted share, in the first quarter of 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2024, the Company expects to generate revenue between $122 million and $130 million. The Company expects second quarter 2024 diluted net income per share between $0.11 and $0.19, and non-GAAP diluted net income per share between $0.30 and $0.38.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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