NYSE$PRLB

Proto Labs Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Proto Labs' financial performance softened in Injection Molding but was offset by growth in other digital manufacturing services and Hubs business.

Proto Labs reported a revenue of $121.7 million for Q3 2022, a 2.9% decrease compared to Q3 2021. GAAP earnings per share was $0.14, while non-GAAP earnings per share was $0.40. The company served 23,816 unique product developers during the quarter.

  • Revenue for the third quarter of 2022 was $121.7 million, representing a 2.9 percent decrease compared to revenue of $125.3 million in the third quarter of 2021.
  • Hubs generated $12.1 million of revenue in the third quarter, representing year-over-year growth of 38.5 percent.
  • Net income was $4.0 million, or $0.14 per diluted share.
  • Non-GAAP net income was $10.9 million, or $0.40 per diluted share.

Headline financials

Total Revenue

$122M

Previous: $125M-2.9%
EPS (adj)

$0.40

Previous: $0.35+14.3%
EBITDA

$15.5M

No prior period
Adjusted EBITDA

$22M

No prior period
Adjusted EBITDA Margin

18.0%

Previous: 17.1%+5.3%
Capital Expenditures

-$16.4M

Previous: -$28M+41.3%
Free Cash Flow

-$12.5M

Previous: -$23.1M+46.1%
Net Income

$3.95M

Previous: $4.84M-18.3%
Operating Income

$6.06M

Previous: $6.93M-12.5%
Gross Profit

$53.6M

Previous: $55.3M-3.1%
Cash & Equivalents

$59.4M

Previous: $47.8M+24.2%
Total Assets

$907M

Previous: $930M-2.5%
Stock-Based Comp

$4.91M

Previous: $4.98M-1.4%

Revenue & EPS history

Proto Labs · Revenue · Quarterly

$122M

Q3 2022-2.9%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

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 Q3 2022

Historical avgQ3 2022

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro