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Sep 30, 2022
Proto Labs Q3 2022 Earnings Report
Proto Labs' financial performance softened in Injection Molding but was offset by growth in other digital manufacturing services and Hubs business.
Key Takeaways
Proto Labs reported a revenue of $121.7 million for Q3 2022, a 2.9% decrease compared to Q3 2021. GAAP earnings per share was $0.14, while non-GAAP earnings per share was $0.40. The company served 23,816 unique product developers during the quarter.
Revenue for the third quarter of 2022 was $121.7 million, representing a 2.9 percent decrease compared to revenue of $125.3 million in the third quarter of 2021.
Hubs generated $12.1 million of revenue in the third quarter, representing year-over-year growth of 38.5 percent.
Net income was $4.0 million, or $0.14 per diluted share.
Non-GAAP net income was $10.9 million, or $0.40 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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