Protolabs Sees Softer Start To 2024 Despite Hitting $500M Milestone Revenue In 2023: Details



Proto Labs, Inc. (NYSE:PRLB) reported fourth-quarter fiscal 2023 revenue growth of 8.2% year-over-year to $125.05 million, beating the consensus of $122.72 million.

Protolabs Network revenue increased 52% YoY to $22.5 million. The digital manufacturing company posted an adjusted EPS of $0.46, an improvement from $0.26 YoY, beating the consensus of $0.30.

The gross profit increased 14.8% Y/Y to $55.81 million, and the margin expanded by 260 bps to 44.6%. Adjusted gross margin expanded to …

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