Proto labs inc (PRLB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Statements of Operations:
Revenue

115,108

111,889

117,455

115,932

113,452

112,769

115,430

109,652

107,745

94,178

88,105

82,040

80,167

72,353

78,173

74,961

72,568

73,759

67,842

63,969

58,536

56,069

54,574

52,866

46,074

44,042

42,008

39,749

33,616

32,454

29,951

29,970

25,637

26,915

24,052

22,335

Cost of revenue

57,008

55,311

57,839

55,696

54,592

53,614

53,027

50,439

49,837

41,290

38,793

35,671

34,894

32,041

33,448

32,715

32,914

32,485

27,517

26,419

23,282

22,457

21,492

20,183

17,050

16,427

16,053

14,896

12,611

12,760

12,239

12,243

11,073

10,305

9,517

8,429

Gross profit

58,100

56,578

59,616

60,236

58,860

59,155

62,403

59,213

57,908

52,888

49,312

46,369

45,273

40,312

44,725

42,246

39,654

41,274

40,325

37,550

35,254

33,612

33,082

32,683

29,024

27,615

25,955

24,853

21,005

19,694

17,712

17,727

14,564

16,610

14,535

13,906

Operating expenses
Marketing and sales

18,180

17,510

17,604

19,285

18,577

17,586

16,818

17,557

16,572

15,393

13,846

14,630

12,987

11,949

11,787

11,453

10,942

10,805

10,027

9,502

8,854

8,115

7,351

7,261

6,417

6,164

5,409

5,550

4,658

4,442

4,557

4,441

4,613

4,000

3,924

3,215

Research and development

8,987

8,159

8,359

8,169

8,013

7,545

7,458

7,032

6,665

5,816

5,877

6,084

5,823

5,278

5,976

5,816

5,318

4,879

4,760

4,397

4,314

4,682

4,555

3,914

3,456

3,458

3,026

2,751

2,515

2,561

2,401

1,660

1,583

1,304

1,223

1,112

General and administrative

14,108

11,355

12,380

13,209

12,822

13,834

13,096

12,640

12,943

12,944

10,222

9,253

8,781

8,254

10,020

10,126

8,251

9,033

8,134

6,304

6,245

6,152

5,733

5,534

4,703

4,119

4,118

3,923

3,564

3,118

3,288

3,988

3,475

3,038

2,753

2,506

Total operating expenses

41,275

37,016

38,343

40,663

39,412

39,000

37,372

37,229

36,180

34,113

29,945

29,967

27,591

25,481

27,783

27,395

24,511

24,717

22,921

20,203

19,413

18,949

17,639

16,709

14,576

13,741

12,553

12,224

10,737

10,121

10,246

10,089

9,671

8,342

7,900

6,833

Income from operations

16,825

19,562

21,273

19,573

19,448

20,155

25,031

21,984

21,728

18,775

19,367

16,402

17,682

14,831

16,942

14,851

15,143

16,557

17,404

17,347

15,841

14,663

15,443

15,974

14,448

13,874

13,402

12,629

10,268

9,573

7,466

7,638

4,893

8,268

6,635

7,073

Other income, net

1,054

-229

228

1,125

213

1,381

390

808

178

430

291

1,173

315

112

625

1,092

625

612

593

-36

-457

22

-56

-66

103

129

31

116

114

314

173

-577

-294

21

78

81

Income before income taxes

17,879

19,333

21,501

20,698

19,661

21,536

25,421

22,792

21,906

19,205

19,658

17,575

17,997

14,943

17,567

15,943

15,768

17,169

17,997

17,311

15,384

14,685

15,387

15,908

14,551

14,003

13,433

12,745

10,382

9,887

7,639

7,061

4,761

8,289

6,713

6,992

Provision for income taxes

3,900

4,138

4,700

4,500

4,200

2,234

4,500

4,478

3,855

4,933

6,438

5,489

5,797

5,571

5,585

5,252

5,106

5,176

5,615

5,625

4,931

4,492

5,003

4,952

4,449

4,496

4,561

4,134

2,987

3,185

2,493

2,279

1,531

2,801

2,182

2,269

Net income

13,984

15,186

16,792

16,166

15,511

19,286

20,937

18,314

18,051

14,272

13,220

12,086

12,200

9,372

11,982

10,691

10,662

11,993

12,382

11,686

10,453

10,193

10,384

10,956

10,102

9,507

8,872

8,611

7,395

6,702

5,146

4,782

3,230

5,488

4,531

4,723

Net income per share:
Less: dividends on redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,053

1,053

1,042

1,031

Less: undistributed earnings allocated to preferred shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,511

1,415

-1,160

-1,259

Net income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,504

3,020

2,329

2,433

Basic (in dollars per share)

0.52

0.56

0.63

0.60

0.58

0.72

0.77

0.68

0.67

0.52

0.50

0.46

0.46

0.35

0.45

0.41

0.41

0.47

0.47

0.45

0.40

0.39

0.40

0.43

0.40

0.38

0.35

0.34

0.30

0.28

0.22

0.23

0.12

0.23

0.19

0.21

Diluted (in dollars per share)

0.52

0.56

0.62

0.60

0.57

0.71

0.77

0.67

0.66

0.53

0.49

0.45

0.46

0.36

0.45

0.40

0.40

0.46

0.47

0.44

0.40

0.39

0.40

0.42

0.39

0.37

0.34

0.33

0.29

0.26

0.20

0.22

0.09

0.22

0.17

0.19

Shares used to compute net income per share:
Basic (in shares)

26,776

26,783

26,846

26,875

26,963

27,039

27,038

26,972

26,879

26,964

26,617

26,541

26,466

26,454

26,416

26,368

26,222

26,168

26,083

25,921

25,850

25,819

25,757

25,620

25,573

25,135

25,384

25,258

24,577

24,052

23,929

20,934

12,922

12,895

12,007

11,581

Diluted (in shares)

26,929

26,973

27,005

27,041

27,177

27,305

27,337

27,274

27,197

27,329

26,802

26,649

26,599

26,645

26,609

26,561

26,442

26,408

26,381

26,277

26,214

25,962

26,200

26,146

26,091

25,940

26,002

25,850

24,954

25,312

25,280

22,226

15,963

13,560

13,364

12,868

Other Comprehensive (Loss) Income, net of tax
Comprehensive Income (net of tax)
Comprehensive income

11,004

18,812

14,642

15,688

15,987

18,032

20,058

14,796

20,444

14,787

14,875

14,250

13,385

5,385

11,828

8,547

11,406

10,477

11,416

12,960

9,378

9,024

9,011

11,488

10,274

9,643

9,678

8,413

7,008

6,756

4,831

5,240

3,230

5,182

4,415

4,865