Proto Labs, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, revenue was $121.8 million, marking a 2.6% decrease compared to $125.0 million in the fourth quarter of 2023. Revenue generated through the Protolabs Network, however, increased by 17.9% to $26.5 million.
The company reported a GAAP net loss of $404,000 for the fourth quarter, while non-GAAP earnings per share came in at $0.38. For the full year 2024, Proto Labs reported total revenue of $500.9 million, which was flat compared to fiscal year 2023. Full year net income was $14.0 million, representing a 47% decrease from the previous year.
Proto Labs provided guidance for the first quarter of 2025, projecting revenue to be around $124 million at the midpoint. This guidance reflects the company's expectations for continued performance in the upcoming period.
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