Protolabs Q4 revenue down 6.5% to $115.6M; net loss $115.1M on $118M goodwill impairment; buyback increased to $250M

Proto Labs Inc

2022-FY EPS reported -$3.77 revenue$488,398,000

Q4 revenue $115.6M (-6.5% YoY); full-year record $488.4M.
Q4 net loss $115.1M ($4.24/share) includes $118.0M goodwill impairment; non-GAAP net income $7.0M ($0.26).
Hubs digital network revenue $14.8M (+49.6% YoY, +22.2% sequentially).
Board increased share repurchase authorization by $50M to $250M; $132.3M remaining as of Dec 31, 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Proto Labs Inc reported the fourth quarter and full year ended December 31, 2022 results: revenue $115.6 million, net income $115.1 million, EPS ($4.24) per diluted share.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $115.6 million
Net income: $115.1 million
EPS: ($4.24) per diluted share
Result: reported results

Exact text from the filing

revenue of $115.6 million in the fourth quarter of 2022

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Source: SEC EDGAR

accession 0001437749-23-002945

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