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Jun 30, 2023
Proto Labs Q2 2023 Earnings Report
Proto Labs' financial performance decreased slightly in Q2 2023, but network revenue increased significantly.
Key Takeaways
Proto Labs reported a slight decrease in revenue for Q2 2023, but experienced significant growth in network revenue. The company served over 23,000 unique product developers and improved gross and operating margins sequentially.
Revenue for the second quarter of 2023 was $122.3 million, a 3.7 percent decrease compared to Q2 2022.
Network revenue grew by 79.3 percent year-over-year, reaching $20.2 million.
GAAP loss per share was $0.01, while non-GAAP earnings per share was $0.33.
The company served 23,377 unique product developers during the quarter.
Revenue by Segment
Forward Guidance
The Company has scheduled a conference call to discuss its second quarter 2023 financial results and third quarter 2023 outlook today, August 4, 2023 at 8:30 a.m. EDT.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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