Pivotal Point Tracking Proto Labs (PRLB): Digital Manufacturer Helps Shorten Product Development Cycles and Delivers Strong Q2
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Proto Labs manufactures prototypes and small series through a digital network using injection molding, CNC machining, 3D printing, and sheet metal processing. The US company significantly benefits from the trend towards more flexible supply chains, shorter product development cycles, and reindustrialization. On August 4, a convincing Q2 report caused a surge in the stock price. Revenue increased by 4% year-over-year to $130.5 million, while net profit rose sharply to $8.2 million. The Hubs partner network was a driving force, with a revenue increase...
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