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Dec 31, 2022
Proto Labs Q4 2022 Earnings Report
Proto Labs's Q4 2022 financial results were announced, revealing a decrease in revenue compared to the previous year, but growth in revenue from the digital network powered by Hubs.
Key Takeaways
Proto Labs reported a decrease in revenue for Q4 2022, totaling $115.6 million, a 6.5% decrease compared to Q4 2021. The company experienced a net loss of $115.1 million, driven by a goodwill impairment charge of $118.0 million, but non-GAAP net income was $7.0 million, or $0.26 per diluted share. The digital network powered by Hubs saw revenue growth of 49.6% over Q4 2021.
Q4 2022 revenue was $115.6 million, a 6.5% decrease year-over-year.
Revenue from the digital network powered by Hubs grew 49.6% year-over-year, reaching $14.8 million.
Net loss for Q4 2022 was $115.1 million, impacted by a goodwill impairment charge of $118.0 million.
Non-GAAP net income was $7.0 million, or $0.26 per diluted share.
Revenue by Segment
Forward Guidance
The company is narrowing its focus in 2023 on growth of its Injection Molding business and accelerating growth from the integrated Protolabs and Hubs CNC offer, while managing expenses to enable continued strategic investments.
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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