Loading...
•
Sep 30, 2023
Proto Labs Q3 2023 Earnings Report
Proto Labs reported record revenue and improved profitability, surpassing expectations.
Key Takeaways
Proto Labs announced record revenue of $130.7 million for Q3 2023, a 7.4% increase year-over-year. The company reported GAAP earnings per share of $0.31 and non-GAAP earnings per share of $0.51. Protolabs experienced increased demand for its digitally-enabled manufacturing capabilities.
Revenue for the third quarter of 2023 was a record $130.7 million, representing a 7.4% increase over the third quarter of 2022.
Revenue generated from the digital network, powered by Hubs, was $22.6 million in the third quarter, representing growth of 86.9% over the third quarter of the prior year.
Net income for the third quarter of 2023 was $8.0 million, or $0.31 per diluted share.
Non-GAAP net income was $13.2 million, or $0.51 per diluted share.
Revenue by Segment
Forward Guidance
The company has scheduled a conference call to discuss its third quarter 2023 financial results and fourth quarter 2023 outlook today, November 3, 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
Loading earnings performance data...
Loading earnings reaction data...