Proto Labs Reports Record Revenue for the Second Quarter 2017

Proto Labs, Inc. announced financial results for the second quarter ended June 30, 2017.

Second Quarter 2017 Highlights include:

  • Revenue for the second quarter of 2017 was $82.0 million, 9.4 percent above revenue of $75.0 million in the second quarter of 2016.
  • The number of unique product developers and engineers served totaled 16,174 in the second quarter of 2017, an increase of 18.8 percent over the second quarter of 2016.
  • Net income for the second quarter of 2017 was $12.1 million, or $0.45 per diluted share.


“We delivered record revenue this quarter with the Americas leading the way with 14.5 percent year-over-year growth,” said Vicki Holt, President and Chief Executive Officer. “Our revenue growth was driven by an 18.8 percent growth in the number of unique product developers we served this quarter, reflecting continued penetration of our market opportunity.”

Additional Second Quarter 2017 Highlights include:

  • Gross margin was 56.5 percent of revenue for the second quarter of 2017 compared with 56.4 percent for the second quarter of 2016.
  • Operating margin was 20.0 percent of revenue during the second quarter of 2017 compared to 19.8 percent of revenue for the second quarter of 2016.
  • The company generated $20.6 million in cash from operations during the second quarter of 2017.
  • Cash and investments balance increased to $217.9 million at June 30, 2017.


“We continue to execute on our initiative to expand our product envelope. Our recently launched on-demand manufacturing offering tailors our injection molding service to address the specific needs of the customer. This offering includes a suite of inspection reports, including a digital inspection report option, a lifetime mold guarantee and more competitive piece part pricing to the on-demand manufacturing customer,” concluded Holt.

Read 1672 times

Rate this item
(1 Vote)

Copyright © 2017 Prototype Today ®. All rights reserved.

|   Privacy Policy |   Terms & Conditions |   Contact Us |

All trademarks and registered trademarks are the property of their respective owners.

Additive Manufacturing Today