Financial PerformanceProtolabs reported better-than-expected Q2 results, with revenues up 6.5% year-over-year, above the top end of guidance and ahead of Street expectations of 2% growth.
Industry EnvironmentThe positive impact from recent consolidation in the additive manufacturing industry has reduced the number of competitors, benefiting ProtoLabs.
Strategic InitiativesThe company’s refreshed go-to-market strategy and focus on building its reputation as a reliable production partner are driving improvement in revenue per customer.