On-demand production
Protolabs with successes in the third quarter
Protolabs announces its financial results for the third quarter of 2018. The customized prototype manufacturer achieves record quarterly sales and net profit.
Protolabs is a provider of rapid on-demand manufacturing with an advanced online platform and modern technology. The company today announces its financial results for the third quarter of 2018 (ending September 30, 2018).
Key results for the third quarter of 2018:
- The third quarter of 2018 ends with record revenue of USD 115.4 million; a 31% increase in revenue compared to USD 88.1 million in the third quarter of 2017.
- A total of 20,792 individual project inquiries were processed by product developers and engineers in the third quarter of 2018; an increase of 23% compared to the third quarter of 2017.
- Net profit for the third quarter of 2018 amounted to USD 20.9 million, or USD 0.77 earnings per share (diluted).
- Non-GAAP net income for the third quarter of 2018 amounted to USD 23.4 million, or USD 0.86 earnings per share (diluted).
"We are pleased to close out another quarter with over 30 percent growth," commented Vicki Holt, President and CEO of Protolabs. "Protolabs delivered another strong performance across all regions and services."
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