NYSE$PRLB

Proto Labs Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenue and strong demand despite labor availability challenges in the US.

Proto Labs reported a record revenue of $123.0 million for Q2 2021, a 15.5% increase compared to Q2 2020. The company served 23,253 unique product developers during the quarter, representing a 36.5% increase year-over-year.

  • Revenue for the second quarter of 2021 was $123.0 million, a 15.5 percent increase compared to revenue of $106.6 million in the second quarter of 2020.
  • Hubs generated $8.9 million of revenue in the second quarter, representing growth of 45.6 percent over the second quarter of 2020.
  • Net income for the second quarter of 2021 was $12.9 million, or $0.47 per diluted share.
  • Protolabs served 23,253 unique product developers during the quarter, representing a 36.5 percent increase over the second quarter of 2020.

Headline financials

Total Revenue

$123M

Previous: $107M+15.5%
EPS (adj)

$0.39

Previous: $0.59-33.9%
Adjusted EBITDA Margin

18.8%

No prior period
Non-GAAP Gross Margin

46.8%

No prior period
Capital Expenditures

-$23.9M

Previous: -$33.3M+28.2%
Free Cash Flow

-$11M

Previous: -$20.7M+46.8%
Net Income

$12.9M

Previous: $12.6M+2.4%
Operating Income

$16.1M

Previous: $14.4M+12.2%
Gross Profit

$56.6M

Previous: $52.5M+7.9%
Cash & Equivalents

$41.9M

Previous: $64.5M-35.1%
Total Assets

$949M

Previous: $698M+35.9%
Stock-Based Comp

$4.94M

Previous: $3.64M+35.8%

Revenue & EPS history

Proto Labs · Revenue · Quarterly

$123M

Q2 2021+15.5%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company scheduled a conference call to discuss its second quarter 2021 financial results and third quarter 2021 outlook today, July 29, 2021 at 8:30 a.m. EDT.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.1%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.1%

Avg return

30 days after

51%

31 / 61 earnings

Positive

+37.2%

Q3 2023

Best reaction

-31.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+6.3%+16.8%
Q4 2025+28.0%+28.0%+9.3%
Q3 2025+0.1%-6.1%-4.2%
Q1 2025+6.2%+8.0%+3.3%
Q4 2024-6.3%-1.5%-14.4%
Q3 2024+23.6%+43.9%+50.3%
Q2 2024-14.5%-17.7%-8.8%
Q1 2024+0.8%+1.8%-0.5%
Q4 2023-4.7%-6.7%+1.0%
Q3 2023+37.2%+37.7%+52.3%
Q2 2023-8.5%-11.2%-5.5%
Q1 2023+9.1%+10.9%+17.7%
Q4 2022+12.5%+11.6%+7.5%
Q3 2022-31.3%-38.1%-27.5%
Q2 2022-10.4%-11.3%-26.5%
Q1 2022-1.5%-7.7%+11.8%
Q4 2021+3.7%+10.4%-4.9%
Q3 2021-18.9%-18.2%-31.2%
Q2 2021-7.2%-7.1%-14.1%
Q1 2021-0.9%-6.1%-13.6%
Q4 2020-10.1%-9.6%-32.8%
Q3 2020+0.5%+5.7%+18.1%
Q2 2020-12.2%-12.9%-1.1%
Q1 2020-5.1%-2.3%+28.2%
Q4 2019-15.7%-12.4%-25.6%
Q3 2019-10.3%-8.0%-9.9%
Q2 2019-1.7%-3.0%-16.4%
Q1 2019-9.9%-6.3%-13.7%
Q4 2018-20.4%-20.0%-18.7%
Q3 2018+2.2%+5.1%+6.1%
Q2 2018-6.7%-9.2%+7.0%
Q1 2018+1.0%+0.1%+0.3%
Q4 2017-1.3%-0.8%+10.8%
Q3 2017+6.6%+6.4%+12.7%
Q2 2017+2.7%+5.0%-2.1%
Q1 2017+7.3%+9.5%+18.4%
Q4 2016+15.1%+10.9%+0.7%
Q3 2016-13.6%-12.1%+7.5%
Q2 2016-10.3%-11.1%-4.2%
Q1 2016-26.4%
Q4 2015+11.3%
Q3 2015+2.8%
Q2 2015+11.4%
Q1 2015-4.1%
Q4 2014+13.4%
Q3 2014-11.4%
Q2 2014+3.7%
Q1 2014+4.1%
Q4 2010-1.6%
Q4 2013-3.9%
Q3 2013-0.1%
Q2 2013+1.4%
Q1 2013+1.6%
Q4 2012+15.4%
Q3 2011-2.7%
Q3 2012+19.2%
Q2 2011+10.6%
Q2 2012-1.4%
Q1 2011+3.7%
Q4 2011+3.7%
Q1 2012+7.4%
Q3 2010
Q2 2010
Q1 2010

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