Proto Labs Q2 revenue down 3.7% to $122.3M; GAAP loss $0.01, non-GAAP EPS $0.33

Proto Labs Inc

2023-Q2 EPS reported $0.09 revenue$248,124,000

Revenue of $122.3M, down 3.7% YoY from $126.9M; network revenue $20.2M, up 79.3% YoY.
GAAP net loss of $0.4M ($0.01 per diluted share) vs. net income of $8.1M ($0.31 per share) in Q2 2022.
Non-GAAP net income of $8.7M ($0.33 per diluted share); gross margin improved to 44.2%.
Network revenue grew 17.6% sequentially from Q1 2023; management noted continued strategic shift to digital manufacturing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Proto Labs Inc reported the second quarter ended June 30, 2023 results: revenue $122.3 million, net income $0.4 million, EPS $0.01 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $122.3 million
Net income: $0.4 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Protolabs Reports Financial Results for the Second Quarter of 2023 Revenue of $122.3 million in the Second Quarter of 2023 Network revenue of $20.2 million; a 79.3% YoY increase GAAP Loss Per Share of $0.01; Non-GAAP Earnings Per Share of $0.33 MAPLE PLAIN, Minn. – August 4, 2023 – Proto Labs, Inc. (the "Company" or "Protolabs") (NYSE: PRLB), the world’s leading provider of digital manufacturing services, today announced financial results for the second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-027385

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