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PROTO LABS, INC. (symbol: PRLB) is a leading on-demand manufacturer specializing in rapid prototyping and low-volume production. Headquartered in Maple Plain, Minnesota, Proto Labs provides product designers and engineers with fast-turn manufacturing services that include injection molding, CNC machining, and 3-D printing. These services enable the creation of custom parts within days, significantly reducing the time to market for various industries.
Proto Labs offers three distinct manufacturing processes aimed at delivering precision and efficiency. Their injection molding service leverages advanced technology to produce parts with complex geometries and high-detail resolution. CNC machining is employed to create durable parts from a variety of metals and plastics, while their state-of-the-art 3-D printing capabilities allow for the creation of highly detailed prototypes and patterns.
The company's broad range of high-performance materials is suitable for concept models, functional testing, and end-use applications. Proto Labs also acts as a bridge manufacturer, helping clients during production disruptions, and supports limited-quantity and end-of-life production requests.
Financially, Proto Labs derives the majority of its revenue from the United States, serving a diverse client base across multiple sectors including aerospace, medical devices, automotive, and consumer products. Recent achievements include being recognized as one of Minnesota's top workplaces for four consecutive years, underscoring its commitment to a dynamic and innovative work environment.
For those interested in joining this fast-paced, technologically advanced company, Proto Labs regularly updates its career opportunities on its career page.
Protolabs, Inc. reported strong financial results for Q1 2024 with a total revenue of $128 million, up 1.6% YoY. The revenue from Protolabs Network saw a significant increase of 39% YoY to $24 million. GAAP earnings per share were $0.20, while non-GAAP earnings per share stood at $0.40. The company remains focused on driving profitable growth and enhancing shareholder value.
Protolabs (NYSE: PRLB) collaborates with BioDapt to create custom prosthetics for elite athletes, including Paralympians, through its innovative digital manufacturing services. Founder Mike Schultz, a Paralympic Gold Medalist, leads BioDapt in designing high-performance prosthetic equipment. Protolabs' quick-turn manufacturing capabilities have been important in supporting BioDapt's mission to provide elite adaptive athletes with custom parts that enhance their athletic performance. The partnership has allowed athletes like Noelle Lambert to pursue their Paralympic dreams with cutting-edge prosthetic solutions.
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