{"id":68703,"date":"2019-07-29T13:13:43","date_gmt":"2019-07-29T05:13:43","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/proto-labs-reports-continued-3d-printing-revenue-growth-for-second-quarter-2017.3dm"},"modified":"2019-07-29T13:13:43","modified_gmt":"2019-07-29T05:13:43","slug":"proto-labs-reports-continued-3d-printing-revenue-growth-for-second-quarter-2017","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/proto-labs-reports-continued-3d-printing-revenue-growth-for-second-quarter-2017\/","title":{"rendered":"Proto Labs reports continued 3D printing revenue growth for second quarter 2017"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">223<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">199<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">22<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">2<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Rapid manufacturing company Proto Labs (NYSE:PRLB) has announced record revenues for the second quarter of 2017 with 3D printing revenue up 19.5%.<\/p>\n<p>The Minnesota-based company reported total revenue for the second quarter as $82.0 million, up 9.4% over the same period in 2016.<\/p>\n<p>Proto Labs&#8217; manufacturing processes include injection molding, CNC machining and 3D printing. And the company similarly reported record revenue for the first quarter of 2017 with a 10.5% increase on the year prior.<\/p>\n<figure id=\"attachment_119301\" style=\"width: 606px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-119301\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905.png\" alt=\"Proto Labs' consolidated statement of operations for Q2 2017.\" width=\"606\" height=\"814\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905.png 606w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905-280x375.png 280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905-200x269.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905-372x500.png 372w\" sizes=\"(max-width: 606px) 100vw, 606px\" \/><figcaption class=\"wp-caption-text\">Proto Labs&#8217; consolidated statement of operations for Q2 2017.<\/figcaption><\/figure>\n<p><strong>Record revenue <\/strong><\/p>\n<p>President and CEO Vicki Holt said, &#8220;we delivered record revenue this quarter with the Americas leading the way with 14.5 percent year-over-year growth,\u201d<\/p>\n<blockquote>\n<p>\u201cOur revenue growth was driven by an 18.8 percent growth in the number of unique product developers we served this quarter, reflecting continued penetration of our market opportunity.\u201d<\/p>\n<\/blockquote>\n<p>The company reported a significant increase of unique product developers and engineers served. This totalled 16,174 &#8211; up 18.8% over the previous second quarter in 2016.<\/p>\n<figure id=\"attachment_105422\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-105422\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO.jpg\" alt=\"\" width=\"1024\" height=\"682\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-500x333.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Vicki Holt, President and Chief Executive Officer.<\/figcaption><\/figure>\n<p><strong>On-demand manufacturing<\/strong><\/p>\n<p>Net income for the second quarter was reported at $12.1 million which is a 13% increase on Q2 2016.<\/p>\n<p>Holt cited its on-demand manufacturing service as another source of revenue growth. As she explains: \u201cWe continue to execute on our initiative to expand our product envelope. Our recently launched on-demand manufacturing offering tailors our injection molding service to address the specific needs of the customer. This offering includes a suite of inspection reports, including a digital inspection report option, a lifetime mold guarantee and more competitive piece part pricing to the on-demand manufacturing customer.\u201d<\/p>\n<p><strong>3D printing growth<\/strong><\/p>\n<p>Proto Labs&#8217; 3D printing outputs continued to grow with revenue of $10.8 million for the second quarter, up from $9.1 million the year prior.<\/p>\n<figure id=\"attachment_119309\" style=\"width: 570px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-119309\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/671b43db7c443a41ddf4704cfb218de200cf370e.png\" alt=\"Stereolithography printing at Proto Labs.\" width=\"570\" height=\"308\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/671b43db7c443a41ddf4704cfb218de200cf370e.png 570w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/671b43db7c443a41ddf4704cfb218de200cf370e-280x150.png 280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/671b43db7c443a41ddf4704cfb218de200cf370e-200x108.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/671b43db7c443a41ddf4704cfb218de200cf370e-500x270.png 500w\" sizes=\"(max-width: 570px) 100vw, 570px\" \/><figcaption class=\"wp-caption-text\">Stereolithography printing at Proto Labs.<\/figcaption><\/figure>\n<p><em>If you would like to pursue a career in additive manufacturing, take a look at our 3D printing jobs. And be sure to check out all the latest 3D printing events. <\/em><\/p>\n<p><em>Subscribe to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a> to stay up to date with all the latest 3D printing research news, <a href=\"https:\/\/twitter.com\/3dprintindustry\">follow us on twitter<\/a> and <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">like us on Facebook<\/a>.<\/em><\/p>\n<p><em>Featured image shows Proto Labs manufacturing facility. All images, including featured, via Proto Labs. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>223shares 199 22 2 Rapid manufacturing company Proto Labs (NYSE:PRLB) has announced record revenues for the second quarter of 2017 with 3D printing revenue up 19.5%. The Minnesota-based company reported total revenue for the second quarter as $82.0 million, up 9.4% over the same period in 2016. Proto Labs&#8217; manufacturing processes include injection molding, CNC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182658,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Screenshot-from-2017-07-27-122329-e1501154732905.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Proto Labs reports continued 3D printing revenue growth for second quarter 2017 - 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