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Dec 31, 2023
Proto Labs Q4 2023 Earnings Report
Proto Labs reported strong fourth quarter results, driven by consistent execution against priorities and capped off a record year.
Key Takeaways
Proto Labs reported a record year with revenue above $500 million for the first time. Q4 revenue increased by 8.2% compared to Q4 2022, reaching $125.0 million. Net income for Q4 was $7.0 million, or $0.27 per diluted share, compared to a net loss of $4.24 per diluted share in the fourth quarter of 2022.
Revenue was $125.0 million, an 8.2% increase compared to the fourth quarter of 2022.
Revenue generated from Protolabs Network was $22.5 million, a 52.0% increase compared to the fourth quarter of 2022.
Net income was $7.0 million, or $0.27 per diluted share, compared to a net loss of $4.24 per diluted share in the fourth quarter of 2022.
Non-GAAP net income was $11.8 million, or $0.46 per diluted share, compared to $7.0 million, or $0.26 per diluted share, in the fourth quarter of 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2024, the Company expects to generate revenue between $120 million and $128 million. The Company expects first quarter 2024 diluted net income per share between $0.09 and $0.17, and non-GAAP diluted net income per share between $0.26 and $0.34.
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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