
Financial Performance - Revenue for Q1 2025 was $126.2 million, a decrease of 10% year-over-year[18, 19] - Non-GAAP EPS for Q1 2025 was $033, a decrease of $007 year-over-year, driven by lower volume and increased OpEx[21, 22] - Revenue fulfilled through the Protolabs Network was $263 million, up 115% year-over-year in constant currencies[23] - Q1 2025 revenue increased 4% sequentially[23] - Non-GAAP Gross Margin decreased by 80 bps year-over-year to 448%[31, 49] - Non-GAAP Operating Margin decreased by 210 bps year-over-year to 74%[31, 50] Revenue by Service - Injection Molding revenue decreased by 7% year-over-year to $487 million in constant currencies[25] - 3D Printing revenue decreased by 6% year-over-year to $202 million in constant currencies[26] - Sheet Metal revenue increased by 19% year-over-year to $42 million in constant currencies[27] - CNC Machining revenue increased to $528 million from $499 million year-over-year[29] Cash Flow and Balance Sheet - Operating Cash Flow for Q1 2025 was $184 million[32] - Capital Expenditures for Q1 2025 were $13 million[32] - Share Repurchases for Q1 2025 were $209 million[32] - Cash and Investments totaled $1163 million[32] - Debt remained at $0[32] Q2 2025 Outlook - Revenue is projected to be between $124 million and $132 million[35] - Non-GAAP EPS is projected to be between $030 and $038[35] - Foreign currency is expected to have an approximately $03 million favorable impact on Q2 2025 revenue[37]