Protolabs Reports Financial Results for the Fourth Quarter and Full Year 2024

Business Wire
07 Feb

2024 Revenue of $501 Million

2024 GAAP Earnings Per Share of $0.66, Non-GAAP Earnings Per Share of $1.63

MINNEAPOLIS, February 07, 2025--(BUSINESS WIRE)--Proto Labs, Inc. ("Protolabs" or the "Company") (NYSE: PRLB), the world’s leading provider of digital manufacturing services, today announced financial results for the fourth quarter and full year ended December 31, 2024.

Fourth Quarter 2024 Financial Highlights:

  • Revenue was $121.8 million, a 2.6% decrease compared to revenue of $125.0 million in the fourth quarter of 2023.
  • Revenue fulfilled through the Protolabs Network was $26.5 million, a 17.9% increase compared to the fourth quarter of 2023.
  • Net loss was $(0.4) million, or $(0.02) per diluted share, compared to $7.0 million, or $0.27 per diluted share, in the fourth quarter of 2023.
  • Non-GAAP net income was $9.4 million, or $0.38 per diluted share, compared to $11.8 million, or $0.46 per diluted share, in the fourth quarter of 2023. See "Non-GAAP Financial Measures" below.

Full Year 2024 Financial Highlights:

  • Revenue was $500.9 million, a 0.6% decrease compared to revenue of $503.9 million in 2023.
  • Revenue fulfilled through the Protolabs Network was $100.4 million, a 21.6% increase compared to 2023.
  • Net income was $16.6 million, or $0.66 per diluted share, compared to $17.2 million, or $0.66 per diluted share, in 2023.
  • Non-GAAP net income was $41.2 million, or $1.63 per diluted share, compared to $41.6 million, or $1.59 per diluted share, in 2023. See "Non-GAAP Financial Measures" below.
  • Gross margin was 44.6% of revenue, compared to 44.1% of revenue in 2023.
  • Non-GAAP gross margin was 45.2% of revenue, compared to 44.7% of revenue in 2023. See "Non-GAAP Financial Measures" below.
  • Cash flow from operations was $77.8 million in 2024, up from $73.3 million in 2023.

"2024 was a transformational year for Protolabs, and we delivered strong financial results, including expanded gross margins, increased earnings per share, and grew our industry-leading cash flow," said Rob Bodor, President and Chief Executive Officer. "During 2024, we continued the evolution of Protolabs beyond prototyping into production, and we reorganized our internal structure, creating regional go-to-market teams and a new global operations organization. Go-to-market teams are refocused to ensure the best possible customer experience from prototype to production, while the operations organization efficiently brings our global fulfillment capabilities to every customer."

"Our transformation is gaining traction. In 2024, the number of customers using our combined Factory and Network offer grew by 50% and revenue per customer increased over 2023," continued Bodor. "In 2025, our objective is to deliver revenue growth. We are making pointed investments to drive growth, including: additional marketing to build our brand as a production manufacturer, allocating resources to improve our sales enablement tools and processes, and continuing to expand our production manufacturing capabilities."

Dan Schumacher, Chief Financial Officer, commented: "We delivered solid fourth quarter and fiscal year 2024 cash flow and returned capital to shareholders while transforming the Company for future growth. The margin profile of Protolabs’ combined Factory and Network model is unparalleled in the digital manufacturing services space, and we will continue to invest across the business which we believe will drive growth in 2025 and sustain our industry-leading cash flow and profitability advantages."

Additional Full Year 2024 Highlights:

  • Customer contact information
    • Protolabs served 51,552 customer contacts during the year.
    • Revenue per customer contact increased 3.1% year-over-year to $9,716.
  • EBITDA was $55.7 million. See "Non-GAAP Financial Measures" below.
  • Adjusted EBITDA was $78.3 million, or 15.6% of revenue, compared to $83.2 million, or 16.5% of revenue, in 2023. See "Non-GAAP Financial Measures" below.
  • Cash and investments balance was $120.9 million as of December 31, 2024.

First Quarter 2025 Outlook

In the first quarter of 2025, the Company expects to generate revenue between $120 million and $128 million.

The Company expects first quarter 2025 diluted net income per share between $0.08 and $0.16, and non-GAAP diluted net income per share between $0.26 and $0.34. See "Non-GAAP Financial Measures" below.

New Stock Repurchase Program

On February 4, 2025, Protolabs' board of directors approved a new $100 million stock repurchase program.

Under the stock repurchase program, shares of the Company’s common stock may be repurchased periodically, including in the open market or privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on several factors, including the market price of Protolabs’ common stock, general market and economic conditions, applicable requirements, and other business considerations. The stock repurchase program does not obligate the Company to acquire any particular amount of shares of the Company’s common stock. The new program is open-ended and remains in effect until the total authorized amount is expended or until further action by the board of directors.

Non-GAAP Financial Measures

The Company has included non-GAAP revenue growth by region and by service line that excludes the impact of changes in foreign currency exchange rates (collectively, "non-GAAP revenue growth"). Management believes these metrics, when viewed in conjunction with the comparable GAAP metrics, are useful in evaluating the underlying business trends and ongoing operating performance of the Company.

The Company has included earnings before interest, taxes, depreciation and amortization ("EBITDA") and EBITDA, adjusted for stock-based compensation expense, unrealized (gain) loss on foreign currency and costs related to exit and disposal activities (collectively, "Adjusted EBITDA"), in this press release to provide investors with additional information regarding the Company’s financial results. The Company has also included earnings before interest, taxes, depreciation and amortization margin ("EBITDA margin") and EBITDA margin, adjusted for stock-based compensation expense, unrealized (gain) loss on foreign currency and costs related to exit and disposal activities (collectively, "Adjusted EBITDA margin"), in this press release to provide investors with additional information regarding the Company’s financial results.

The Company has included non-GAAP gross margin, adjusted for stock-based compensation expense and amortization expense, in this press release to provide investors with additional information regarding the Company’s financial results.

The Company has included non-GAAP operating margin, adjusted for stock-based compensation expense, amortization expense and costs related to exit and disposal activities (collectively, "non-GAAP operating margin"), in this press release to provide investors with additional information regarding the Company’s financial results.

The Company has included non-GAAP net income, adjusted for stock-based compensation expense, amortization expense, unrealized (gain) loss on foreign currency and costs related to exit and disposal activities (collectively, "non-GAAP net income"), in this press release to provide investors with additional information regarding the Company’s financial results.

The Company has provided below reconciliations of GAAP to non-GAAP net income, non-GAAP gross margin, non-GAAP operating margin, non-GAAP revenue growth by region and by service, and Adjusted EBITDA and Adjusted EBITDA margin, the most directly comparable measures calculated and presented in accordance with GAAP. These non-GAAP measures are used by the Company’s management and board of directors to understand and evaluate operating performance and trends, provide useful measures for period-to-period comparisons of the Company’s business, and in determining executive and senior management incentive compensation. Accordingly, the Company believes that these non-GAAP measures provide useful information to investors and others in understanding and evaluating operating results in the same manner as our management and board of directors. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in our condensed consolidated financial statements and are subject to inherent limitations. Investors should review the reconciliations of non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release.

Conference Call

The Company has scheduled a conference call to discuss its fourth quarter and full year 2024 financial results and first quarter 2025 outlook today, February 7, 2025 at 8:30 a.m. EST. To access the call in the U.S. please dial 877-709-8150 or outside the U.S. dial 201-689-8354 at least five minutes prior to the 8:30 a.m. EST start time. No participant code is required. A simultaneous webcast of the call and accompanying presentation will be available via the investor relations section of the Protolabs website and the following link: https://edge.media-server.com/mmc/p/b94yu8yp/. A replay will be available for 14 days following the call on the investor relations section of the Protolabs website.

About Protolabs

Protolabs is the fastest and most comprehensive manufacturing service from prototyping to production. Our digital factories produce low-volume parts in days while Protolabs Network unlocks advanced capabilities and volume pricing through its highly vetted manufacturing partners. The result? One digital manufacturing source for product developers, engineers, and supply chain teams across the globe. See what's next at protolabs.com.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical or current facts are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Protolabs to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are described in the "Risk Factors" section within reports filed with the SEC. Other unknown or unpredictable factors also could have material adverse effects on Protolabs’ future results. The forward-looking statements included in this press release are made only as of the date hereof. Protolabs cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Protolabs expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

Proto Labs, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

 

December 31,
2024

December 31,
2023

(Unaudited)

Assets

Current assets

Cash and cash equivalents

$

89,071

$

83,790

Short-term marketable securities

14,019

19,013

Accounts receivable, net

66,504

72,848

Inventory

12,305

13,657

Income taxes receivable

2,906

2,228

Prepaid expenses and other current assets

10,049

9,124

Total current assets

194,854

200,660

Property and equipment, net

227,263

253,655

Goodwill

273,991

273,991

Other intangible assets, net

21,422

25,584

Long-term marketable securities

17,773

8,019

Operating lease assets

2,993

4,628

Finance lease assets

692

960

Other long-term assets

4,524

4,856

Total assets

$

743,512

$

772,353

Liabilities and shareholders' equity

Current liabilities

Accounts payable

$

15,504

$

15,636

Accrued compensation

16,550

15,292

Accrued liabilities and other

19,621

16,872

Current operating lease liabilities

1,287

1,585

Current finance lease liabilities

309

296

Total current liabilities

53,271

49,681

Long-term operating lease liabilities

1,633

3,008

Long-term finance lease liabilities

287

595

Long-term deferred tax liabilities

13,565

18,742

Other long-term liabilities

4,605

5,032

Shareholders' equity

670,151

695,295

Total liabilities and shareholders' equity

$

743,512

$

772,353

Proto Labs, Inc.

Condensed Consolidated Statements of Operations

(In thousands, except share and per share amounts)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue

Injection Molding

$

45,641

$

51,486

$

194,215

$

203,941

CNC Machining

52,389

48,905

206,887

198,222

3D Printing

19,467

20,339

83,767

84,291

Sheet Metal

4,047

4,062

15,265

16,540

Other Revenue

206

256

756

883

Total Revenue

121,750

125,048

500,890

503,877

Cost of revenue

69,793

69,236

277,690

281,884

Gross profit

51,957

55,812

223,200

221,993

Operating expenses

Marketing and sales

23,003

21,825

92,073

87,688

Research and development

9,698

9,488

41,298

40,135

General and administrative

15,166

16,075

64,333

65,788

Costs related to exit and disposal activities

5,585

29

5,585

215

Total operating expenses

53,452

47,417

203,289

193,826

(Loss) income from operations

(1,495

)

8,395

19,911

28,167

Other income (loss), net

1,213

1,543

4,761

(215

)

(Loss) income before income taxes

(282

)

9,938

24,672

27,952

Provision for income taxes

122

2,948

8,079

10,732

Net (loss) income

$

(404

)

$

6,990

$

16,593

$

17,220

Net (loss) income per share:

Basic

$

(0.02

)

$

0.27

$

0.66

$

0.66

Diluted

$

(0.02

)

$

0.27

$

0.66

$

0.66

Shares used to compute net income per share:

Basic

24,474,051

25,820,802

25,096,117

26,186,533

Diluted

24,474,051

25,889,004

25,212,178

26,223,498

Proto Labs, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

Twelve Months Ended
December 31,

2024

2023

Operating activities

Net income

$

16,593

$

17,220

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

35,808

37,528

Stock-based compensation expense

16,999

15,989

Deferred taxes

(5,153

)

(7,656

)

Interest on finance lease obligations

33

1,055

Loss on impairment of equipment

256

Loss on foreign currency translation

3,906

Impairments related to exit and closure of Germany and Japan businesses

2,333

Gain on disposal of property and equipment

(13

)

(498

)

Other

1

154

Changes in operating assets and liabilities

10,972

5,576

Net cash provided by operating activities

77,829

73,274

Investing activities

Purchases of property, equipment and other capital assets

(9,169

)

(28,116

)

Proceeds from sales of property, equipment and other capital assets

34

699

Purchases of marketable securities

(25,070

)

Purchases of other assets and investments

(1,000

)

Proceeds from sales of marketable securities

1,416

Proceeds from call redemptions and maturities of marketable securities

19,209

23,865

Net cash used in investing activities

(13,580

)

(4,552

)

Financing activities

Proceeds from exercises of stock options and employee stock purchases

4,019

3,835

Purchases of shares withheld for tax obligations

(1,995

)

(1,436

)

Repurchases of common stock

(60,278

)

(43,951

)

Principal repayments of finance lease obligations

(296

)

(306

)

Net cash used in financing activities

(58,550

)

(41,858

)

Effect of exchange rate changes on cash and cash equivalents

(418

)

368

Net increase in cash and cash equivalents

5,281

27,232

Cash and cash equivalents, beginning of period

83,790

56,558

Cash and cash equivalents, end of period

$

89,071

$

83,790

Proto Labs, Inc.

Reconciliation of GAAP to Non-GAAP Net Income per Share

(In thousands, except share and per share amounts)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Non-GAAP net income, adjusted for stock-based compensation expense, amortization expense, unrealized (gain) loss on foreign currency and costs related to exit and disposal activities

GAAP net (loss) income

$

(404

)

$

6,990

$

16,593

$

17,220

Add back:

Stock-based compensation expense

4,283

4,178

16,999

15,989

Amortization expense

911

1,457

3,707

5,928

Unrealized (gain) loss on foreign currency

(324

)

(211

)

(1

)

(125

)

Costs related to exit and disposal activities

5,585

29

5,585

4,122

Total adjustments 1

10,455

5,453

26,290

25,914

Income tax benefits on adjustments 2

(649

)

(609

)

(1,715

)

(1,540

)

Non-GAAP net income

$

9,402

$

11,834

$

41,168

$

41,594

Non-GAAP net income per share:

Basic

$

0.38

$

0.46

$

1.64

$

1.59

Diluted

$

0.38

$

0.46

$

1.63

$

1.59

Shares used to compute non-GAAP net income per share:

Basic

24,474,051

25,820,802

25,096,117

26,186,533

Diluted

24,689,181

25,889,004

25,212,178

26,223,498

1

Stock-based compensation expense, amortization expense, unrealized (gain) loss on foreign currency and costs related to exit and disposal activities were included in the following GAAP consolidated statement of operations categories:

...

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

 

Cost of revenue

$

876

$

794

$

3,304

$

3,210

 
 

Marketing and sales

734

916

3,112

3,424

 

Research and development

690

669

2,721

2,557

 

General and administrative

2,894

3,256

11,569

12,727

 

Costs related to exit and disposal activities

5,585

29

5,585

215

 

Total operating expenses

9,903

4,870

22,987

18,923

 
 

Other income (loss), net

(324

)

(211

)

(1

)

3,781

 

Total adjustments

$

10,455

$

5,453

$

26,290

$

25,914

 

2

For the three and twelve months ended December 31, 2024 and 2023, income tax effects were calculated using the effective tax rate for the relevant jurisdictions. The Company's non-GAAP tax rates differ from its GAAP tax rates due primarily to the mix of activity incurred in domestic and foreign tax jurisdictions and removing effective tax rate benefits from stock-based compensation activity in the quarter.

 

Proto Labs, Inc.

Reconciliation of GAAP to Non-GAAP Gross Margin

(In thousands)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue

$

121,750

$

125,048

$

500,890

$

503,877

Gross profit

51,957

55,812

223,200

221,993

GAAP gross margin

42.7

%

44.6

%

44.6

%

44.1

%

Add back:

Stock-based compensation expense

534

452

1,935

1,840

Amortization expense

342

342

1,369

1,370

Total adjustments

876

794

3,304

3,210

Non-GAAP gross profit

$

52,833

$

56,606

$

226,504

$

225,203

Non-GAAP gross margin

43.4

%

45.3

%

45.2

%

44.7

%

Proto Labs, Inc.

Reconciliation of GAAP to Non-GAAP Operating Margin

(In thousands)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue

$

121,750

$

125,048

$

500,890

$

503,877

(Loss) income from operations

(1,495

)

8,395

19,911

28,167

GAAP operating margin

(1.2

%)

6.7

%

4.0

%

5.6

%

Add back:

Stock-based compensation expense

4,283

4,178

16,999

15,989

Amortization expense

911

1,457

3,707

5,928

Costs related to exit and disposal activities

5,585

29

5,585

215

Total adjustments

10,779

5,664

26,291

22,132

Non-GAAP income from operations

$

9,284

$

14,059

$

46,202

$

50,299

Non-GAAP operating margin

7.6

%

11.2

%

9.2

%

10.0

%

Proto Labs, Inc.

Reconciliation of GAAP Net (Loss) Income to EBITDA and Adjusted EBITDA

(In thousands)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue

$

121,750

$

125,048

$

500,890

$

503,877

GAAP net (loss) income

(404

)

6,990

16,593

17,220

GAAP net (loss) income margin

(0.3

%)

5.6

%

3.3

%

3.4

%

Add back:

Amortization expense

$

911

$

1,457

$

3,707

$

5,928

Depreciation expense

7,913

7,858

32,101

31,600

Interest income, net

(1,225

)

(951

)

(4,749

)

(2,234

)

Provision for income taxes

122

2,948

8,079

10,732

EBITDA

7,317

18,302

55,731

63,246

EBITDA Margin

6.0

%

14.6

%

11.1

%

12.6

%

Add back:

Stock-based compensation expense

4,283

4,178

16,999

15,989

Unrealized (gain) loss on foreign currency

(324

)

(211

)

(1

)

(125

)

Costs related to exit and disposal activities

5,585

29

5,585

4,122

Total adjustments

9,544

3,996

22,583

19,986

Adjusted EBITDA

$

16,861

$

22,298

$

78,314

$

83,232

Adjusted EBITDA Margin

13.8

%

17.8

%

15.6

%

16.5

%

Proto Labs, Inc.

Comparison of GAAP to Non-GAAP Revenue Growth by Region

(In thousands)

(Unaudited)

 

Three Months Ended
December 31, 2024

Three Months Ended
December 31, 2023

%

Change2

% Change

Organic3

GAAP

Foreign

Currency1

Non-GAAP

GAAP

Revenues

United States

$

96,599

$

$

96,599

$

98,814

(2.2

%)

(2.2

%)

Europe

25,151

(519

)

24,632

26,234

(4.1

%)

(6.1

%)

Total revenue

$

121,750

$

(519

)

$

121,231

$

125,048

(2.6

%)

(3.1

%)

Twelve Months Ended
December 31, 2024

Twelve Months Ended
December 31, 2023

%

Change2

% Change

Organic3

GAAP

Foreign

Currency1

Non-GAAP

GAAP

Revenues

United States

$

396,192

$

$

396,192

$

396,821

(0.2

%)

(0.2

%)

Europe

104,698

(1,876

)

102,822

107,056

(2.2

%)

(4.0

%)

Total revenue

$

500,890

$

(1,876

)

$

499,014

$

503,877

(0.6

%)

(1.0

%)

1

Revenue for the three and twelve months ended December 31, 2024 has been recalculated using 2023 foreign currency exchange rates in effect during comparable periods to provide information useful in evaluating the underlying business trends excluding the impact of changes in foreign currency exchange rates.

2

This column presents the percentage change from GAAP revenue for the three and twelve months ended December 31, 2023 to GAAP revenue for the three and twelve months ended December 31, 2024.

3

This column presents the percentage change from GAAP revenue for the three and twelve months ended December 31, 2023 to non-GAAP revenue for the three and twelve months ended December 31, 2024 (as recalculated using the foreign currency exchange rates in effect during the three and twelve months ended December 31, 2023) in order to provide a constant-currency comparison.

 

Proto Labs, Inc.

Comparison of GAAP to Non-GAAP Revenue Growth by Service Line

(In thousands)

(Unaudited)

 

Three Months Ended
December 31, 2024

Three Months Ended
December 31, 2023

%

Change2

% Change

Organic3

GAAP

Foreign

Currency1

Non-GAAP

GAAP

Revenues

Injection Molding

$

45,641

$

(265

)

$

45,376

$

51,486

(11.4

)%

(11.9

)%

CNC Machining

52,389

(140

)

52,249

48,905

7.1

6.8

3D Printing

19,467

(112

)

19,355

20,339

(4.3

)

(4.8

)

Sheet Metal

4,047

(1

)

4,046

4,062

(0.4

)

(0.4

)

Other Revenue

206

(1

)

205

256

(19.5

)

(19.9

)

Total Revenue

$

121,750

$

(519

)

$

121,231

$

125,048

(2.6

%)

(3.1

%)

Twelve Months Ended
December 31, 2024

Twelve Months Ended
December 31, 2023

%

Change2

% Change

Organic3

GAAP

Foreign

Currency1

Non-GAAP

GAAP

Revenues

Injection Molding

$

194,215

$

(931

)

$

193,284

$

203,941

(4.8

)%

(5.2

)%

CNC Machining

206,887

(518

)

206,369

198,222

4.4

4.1

3D Printing

83,767

(427

)

83,340

84,291

(0.6

)

(1.1

)

Sheet Metal

15,265

8

15,273

16,540

(7.7

)

(7.7

)

Other Revenue

756

(8

)

748

883

(14.4

)

(15.3

)

Total Revenue

$

500,890

$

(1,876

)

$

499,014

$

503,877

(0.6

%)

(1.0

%)

1

Revenue for the three and twelve months ended December 31, 2024 has been recalculated using 2023 foreign currency exchange rates in effect during comparable periods to provide information useful in evaluating the underlying business trends excluding the impact of changes in foreign currency exchange rates.

2

This column presents the percentage change from GAAP revenue for the three and twelve months ended December 31, 2023 to GAAP revenue for the three and twelve months ended December 31, 2024.

3

This column presents the percentage change from GAAP revenue for the three and twelve months ended December 31, 2023 to non-GAAP revenue for the three and twelve months ended December 31, 2024 (as recalculated using the foreign currency exchange rates in effect during the three and twelve months ended December 31, 2023) in order to provide a constant-currency comparison.

 

Proto Labs, Inc.

Customer Contact Information

(In thousands, except customer contacts and per customer contact amounts)

(Unaudited)

 

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue

$

121,750

$

125,048

$

500,890

$

503,877

Customer contacts

21,558

21,879

51,552

53,464

Revenue per customer contact1

$

5,648

$

5,715

$

9,716

$

9,425

1

Revenue per customer contact is calculated using the revenue recognized during the respective period divided by the actual number of customer contacts served during the same period. Customer contacts are product developers, engineers, procurement and supply chain professionals and other individuals who place an order, and that order is shipped and invoiced during the period. The Company believes revenue per customer contact is useful to investors in evaluating the underlying business trends and ongoing operating performance of the Company.

 

Proto Labs, Inc.

Reconciliation of GAAP to Non-GAAP Guidance

(In thousands, except per share and per share amounts)

(Unaudited)

 

Q1 2025 Outlook

Low

High

GAAP diluted net income per share

$

0.08

$

0.16

Add back:

Stock-based compensation expense

0.15

0.15

Amortization expense

0.03

0.03

Unrealized (gain) loss on foreign currency

0.00

0.00

Total adjustments

0.18

0.18

Non-GAAP diluted net income per share

$

0.26

$

0.34

View source version on businesswire.com: https://www.businesswire.com/news/home/20250207157663/en/

Contacts

Investor Relations Contacts:
Protolabs
Ryan Johnsrud, 612-225-4873
Manager – Investor Relations and FP&A
ryan.johnsrud@protolabs.com




Gateway Group, Inc.
949-574-3860
PRLB@gateway-grp.com


Media Contact:
Protolabs
Brent Renneke, 763-479-7704
Marketing Communications Manager
brent.renneke@protolabs.com



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