Sign in

    Proto Labs (PRLB)

    Q1 2024 Earnings Summary

    Reported on Jan 7, 2025 (Before Market Open)
    Pre-Earnings Price$31.14Last close (May 2, 2024)
    Post-Earnings Price$31.98Open (May 3, 2024)
    Price Change
    $0.84(+2.70%)
    • Softening in large orders, particularly in the U.S., with orders weakening in April, indicating potential revenue decline.
    • Less than 5% of customers are currently using full services, indicating challenges in cross-selling and expanding customer engagement.
    • Expected increase in operating expenses in Q2, and uncertainty about sustaining high gross margins due to lower volumes and macroeconomic factors, potentially impacting profitability.

    Research analysts covering Proto Labs.