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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, a digital manufacturing leader, collaborated with NASA engineers to showcase the power of AI-driven design at the PowerSource Global Summit. NASA challenged attendees to provide inputs for generative design of a prototype apparatus for collecting gas samples on the moon as part of the Artemis moon exploration missions. The crowdsourced constraints defined desired traits of the sample collection container, ensuring it was machinable while meeting strict size requirements.
NASA's generative design software produced a CAD file, which Protolabs manufactured in their digital factory. The goal was to deliver the part within two days. Protolabs successfully completed the project, delivering the part in less than 36 hours. This demonstration highlighted the potential of generative design to reduce development time while meeting spaceflight constraints, with Protolabs serving as a key partner in bringing the part to life.
Protolabs (NYSE: PRLB) has announced it will release its financial results for the second quarter of 2024 on Friday, August 2, 2024, before the market opens.
The company will host a conference call on the same day at 8:30 a.m. EDT to discuss these results.
Interested parties can join the live webcast through a provided link or access the call by dialing 877-709-8150 (U.S.) or 201-689-8354 (international) at least 5 minutes before the start time.
An audio replay of the call will be available on the Protolabs website approximately two hours after the call concludes.
Protolabs has released its annual 3D Printing Trend Report, based on a survey of over 700 engineering professionals and key market data.
The report highlights significant growth in the additive manufacturing industry.
Key findings include a 10.5% faster-than-predicted market growth, with the market size reaching $28.1 billion in 2024 and $57.1 billion by 2028.
Seventy percent of businesses printed more parts in 2023 than in 2022, and 77% see the medical sector as having the most potential impact.
Production-run volumes are steadily increasing, and new materials are driving innovation.
AI technologies are also enhancing 3D printing capabilities.
Protolabs (NYSE: PRLB) announced its participation in two upcoming major conferences. On June 4, 2024, at 9 a.m. EDT, CEO Rob Bodor will present at the Manufacturing Leadership Council’s ‘Rethink: Accelerating Digital Transformation in Manufacturing’ Summit, discussing the company's Manufacturing 4.0 journey. On June 6, 2024, at 9 a.m. EDT, Bodor will present at William Blair's 44th Annual Growth Stock Conference, covering Protolabs’ operational and financial trends. Both presentations will be available via live webcast, with replays accessible on the company’s investor relations website for 90 days.
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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