PRLB - Proto Labs trades high on growing Q4 revenue net income

Proto Labs (PRLB +7.5%) reported a Q4 revenue surge of 17.5% Y/Y to $123.6M wherein Hubs contributed $9.9M of the revenue (+13% Q/Q). The company reported 23,376 unique product developers served. Revenue by service: Injection Molding, CNC Machining, 3D Printing and Sheet Metal reported revenue growth of 4%, 41%, 17% and 24% respectively; Revenue by region: Europe posted the highest growth with 20% while Americas followed with 18%, Japan reported a negative growth of 3%. Net income stood at $11.9M, or $0.43/share compared to $9.58M or $0.36/share in year ago quarter; non-GAAP net income stood at $11.4M or $0.41/share. The legacy volume growth was offset by lower margins due to rising labor costs. "2021 was a transformative year for Protolabs. With the acquisition of Hubs and the launch of Protolabs 2.0, we are well positioned to execute on our long-term strategy to accelerate revenue growth and expand profitability," president &

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Proto Labs trades high on growing Q4 revenue, net income