Fourth Quarter Financial Performance
Fourth quarter financial results exceeded expectations with strong earnings and cash flows, generating $78 million of cash from operations.
Expansion of Gross Margin
In 2024, Proto Labs expanded its consolidated gross margin and increased earnings per share.
Growth in Production Use Cases
Customers using the combined offer grew 50%, and revenue from production use cases outgrew prototyping.
Investments for Future Growth
Investments in marketing, sales enablement tools, and production capabilities to drive revenue growth in 2025 and beyond.
Strong Cash Generation
Generated $77.8 million in cash from operations in 2024, up from $73.3 million in 2023.
Share Repurchase Program
Returned $60.3 million to shareholders in 2024 through repurchases and announced a new $100 million share repurchase program.