Protolabs Reports Financial Results for the First Quarter of 2022
Proto Labs, Inc. Common stock (PRLB)
Last proto labs, inc. common stock earnings: 4/30 06:00 am
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Source: Business Wire
Revenue of $124.2 million in the First Quarter of 2022;GAAP Earnings Per Share of $0.19, Non-GAAP Earnings Per Share of $0.38 MAPLE PLAIN, Minn.--(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 first quarter ended March 31, 2022.First Quarter 2022 Highlights include:Revenue for the first quarter of 2022 was $124.2 million, representing a 6.9 percent increase compared to revenue of $116.1 million in the first quarter of 2021.Hubs generated $10.3 million of revenue in the first quarter, representing year-over-year growth of 78.6 percent, or approximately 38.2 percent organically. Hubs was acquired on January 22, 2021.Net income was $5.1 million, or $0.19 per diluted share.Non-GAAP net income was $10.4 million, or $0.38 per diluted share. See “Non-GAAP Financial Measures” below.“Protolabs finished the first quarter strong after a slow start in Januar
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