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Jun 30, 2024
Proto Labs Q2 2024 Earnings Report
Proto Labs' financial performance improved in Q2 2024 with revenue increase and strong network business performance.
Key Takeaways
Proto Labs reported a revenue of $125.6 million, a 2.8% increase compared to Q2 2023. The company's net income was $4.5 million, or $0.18 per diluted share, compared to a net loss of $0.4 million in the same quarter last year. Non-GAAP net income was $9.5 million, or $0.38 per diluted share, compared to $8.7 million, or $0.33 per diluted share, in the second quarter of 2023.
Revenue increased by 2.8% year-over-year to $125.6 million.
Protolabs Network revenue grew by 22.0% year-over-year to $24.7 million.
GAAP earnings per share was $0.18, a significant improvement from the net loss of $0.01 per share in Q2 2023.
Non-GAAP earnings per share increased to $0.38, up from $0.33 in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of 2024, the Company expects to generate revenue between $117 million and $125 million. The Company expects third quarter 2024 diluted net income per share between $0.10 and $0.18, and non-GAAP diluted net income per share between $0.29 and $0.37.
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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