Proto Labs(US:PRLB)2023-11-03 14:46Q3 2023 Financial Performance - Revenue reached $130.7 million, a 7.1% increase year-over-year in constant currencies and excluding Japan[23, 25] - Digital network revenue, powered by Hubs, experienced substantial growth of 81.2% year-over-year in constant currencies[25] - Non-GAAP EPS was $0.51, a $0.11 increase year-over-year, and a $0.18 or 53.6% increase sequentially[25] - The company generated $24 million in cash from operations in Q3 2023[11] Revenue Breakdown - Americas accounted for 80% of the revenue in Q3 2023, with $103.9 million in revenue, a 5.0% increase year-over-year[29] - Europe accounted for 20% of the revenue in Q3 2023, with $26.8 million in revenue, a 24.7% increase year-over-year[29] - Injection Molding revenue increased by 4% year-over-year, and CNC Machining revenue increased by 10% year-over-year[31] - Sheet Metal revenue decreased by 18% year-over-year[32] Q4 2023 Outlook - The company anticipates revenue between $118 million and $126 million, representing a 2% to 8% growth year-over-year in constant currencies[54] - Non-GAAP EPS is projected to be between $0.26 and $0.34, a 2% to 33% growth year-over-year[54]