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Sep 30, 2024
Proto Labs Q3 2024 Earnings Report
Proto Labs reported Q3 2024 financial results with revenue of $125.6 million and GAAP EPS of $0.29.
Key Takeaways
Proto Labs reported a revenue of $125.6 million for Q3 2024, a 3.9% decrease compared to the previous year. GAAP EPS was $0.29 and non-GAAP EPS was $0.47. The company's business generated its highest quarterly operating cash flow since 2020.
Revenue was $125.6 million, a 3.9% decrease compared to Q3 2023.
Revenue from Protolabs Network was $25.3 million, an 11.6% increase compared to Q3 2023.
Net income was $7.2 million, or $0.29 per diluted share, compared to $8.0 million, or $0.31 per diluted share, in Q3 2023.
Non-GAAP net income was $11.8 million, or $0.47 per diluted share, compared to $13.2 million, or $0.51 per diluted share, in Q3 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2024, the Company expects to generate revenue between $115 million and $123 million. The Company expects fourth quarter 2024 diluted net income per share between $0.10 and $0.18, and non-GAAP diluted net income per share between $0.28 and $0.36.
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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