Insiders Are Bailing On Proto Labs For Good Reasons
Keubiko • 33 Comments
Keubiko • 33 Comments
Thu, Jul. 28, 6:02 AM
Wed, Jul. 27, 5:30 PM
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Wed, May 18, 12:45 PM
- Stratasys (SSYS -2.5%) and 3D Systems (DDD -2.5%) are trading lower today as analysts warn of threats to their business from HP's (HPQ +0.9%) Jet Fusion 3D printers, detailed yesterday.
- Pacific Crest's Weston Twigg says it's a "negative" for those two companies, but not a surprising one. The competitive shakeout could take years, but HP's technology "could be disruptive, and customers have shown a high desire to partner with HP on the development of the printer," Twigg writes.
- Similarly, Piper Jaffray's Troy Jensen sees a (not overwhelming) threat in price and speed from HP's new printers. Low HP pricing could shrink pipelines, but some of 3D Systems' and Stratasys' printers "are better in certain applications."
- Twigg also thinks HP's printers could mean "modest" positives for less direct competitor Proto Labs (PRLB +0.9%), focused on the commercial market, and HP partner Materialise (MTLS -0.7%).
- Now read Stratasys: The Rally Will Remain Challenged »
Tue, May 17, 11:09 AM
- HP Inc.'s (HPQ +0.6%) first 3D printers will be known as the Jet Fusion 3D 4200 and 3200. As the company claimed in 2014, the industrial-class printers are said to print objects 10x as fast as current hardware. HP also claims they'll do so at half the cost, and - thanks to HP's proprietary Multi Jet Fusion inkjet printing process - give customers "an unprecedented ability to transform part properties and deliver mass customization."
- Initial partners for the printers include Nike, BMW, Johnson & Johnson (NYSE:JNJ), contract manufacturer Jabil. CAD/CAM software firm Autodesk, industrial prototyping firm Proto Labs (PRLB +0.6%), and 3D printing software/services firm Materialise (MTLS +1%). Proto Labs will provide a product testing site for HP's printers, and Materialise's Magics 3D Print Suite will be compatible with them.
- J&J, meanwhile, will be collaborating with HP on using 3D printing to create personalize health care offerings. In the near-term, the companies will work on the "personalization of instrumentation and software for patient-specific healthcare devices."
- The 4200 will be delivered in late 2016, and the 3200 in 2017. Pricing for the 3200 starts at $130K (no word yet for the 4200). Long-term HP wants to offer 3D printers capable of embedding sensors and including "embedded information" such as invisible traces or codes.
- HP is hoping its entry into the growing 3D printing market will boost a printing unit that saw revenue drop 17% Y/Y in the January quarter to $4.64B. 3D Systems (DDD +3.2%) and Stratasys (SSYS +4.2%), two of the biggest players in the industrial 3D printing market, are trading higher. They sold off in 2014 when HP first unveiled Multi Jet Fusion.
Mon, May 2, 10:34 AM| Mon, May 2, 10:34 AM
Thu, Apr. 28, 12:46 PM
Thu, Apr. 28, 6:05 AM
Wed, Apr. 27, 5:30 PM
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Thu, Mar. 3, 5:33 PM
- Apartment REIT UDR is up 2.1% after hours as it's headed into the S&P 500 from a previous spot on the MidCap 400.
- The firm will replace Keurig Green Mountain (NASDAQ:GMCR) after the close tomorrow, following Keurig's successful acquisition by JAB Holding. Meanwhile, SmallCap 600 constituent Healthcare Realty Trust (HR +0.8%) takes UDR's spot in the MidCap 400.
- Moving down the chain, Proto Labs (PRLB +0.7%) will replace Healthcare Realty Trust in the SmallCap 600. It's up 4.3% after hours.
- Previously: Coffee giant takes control of Keurig Green Mountain (Mar. 03 2016)
Thu, Feb. 4, 1:39 PM
- Having gone into earnings just $1.25 above a 52-week low of $51.61, Proto Labs (NYSE:PRLB) is soaring after issuing light Q1 guidance and in-line 2016 guidance to go with a Q4 beat.
- The industrial custom parts maker guided on its earnings call for Q1 revenue of $72M-$76M and EPS of $0.43-$0.48 vs. a consensus of $76M and $0.51. However, 2016 revenue is expected to be up 25%-30% Y/Y; consensus is for revenue to rise 26% to $333.8M.
Top-line performance: Q4 sales benefited from $5.1M in revenue produced by recently-acquired German 3D printing service provider Alphaform. Excluding Alphaform, Y/Y sales growth was 22.5% (25% exc. forex) rather than the official 32%. Injection molding revenue +23% Y/Y to $43.9M, CNC machining +19% to $19.6M; legacy 3D printing +69% to $6.6M, with Alphaform contributing another $2.5M.
U.S. revenue +21.6% to $53.9M; Europe +22.3% to $12.2M; Japan +45.9% to $2.6M. Unique product developers/engineers served rose 21% Y/Y to 12,414.
- Financials: Gross margin fell to 56% from 59.4% in Q3 and 59.9% a year ago - Alphaform hurt GM by 260 bps. GAAP operating expenses rose 31% Y/Y to $24.7M. Proto Labs ended Q4 with $145.6M in cash and no debt.
- Proto Labs' Q4 results, earnings release
Thu, Feb. 4, 6:04 AM
- Proto Labs (NYSE:PRLB): Q4 EPS of $0.50 beats by $0.03.
- Revenue of $73.8M (+31.6% Y/Y) beats by $2.04M.
Wed, Feb. 3, 5:30 PM
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Oct. 22, 2015, 6:01 AM
- Proto Labs (NYSE:PRLB): Q3 EPS of $0.52 misses by $0.01.
- Revenue of $67.8M (+24.2% Y/Y) beats by $0.75M.
Oct. 21, 2015, 5:30 PM
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Sep. 24, 2015, 7:59 AM
- Proto Labs (NYSE:PRLB) has agreed to acquire select assets and operations of Alphaform, a German 3D printing service provider, expanding its additive manufacturing presence in Europe.
- The planned acquisition will include Alphaform divisions operating in Germany, Finland and the U.K.
- PRLB +1.3% premarket
Jul. 23, 2015, 12:39 PM
- In addition to beating Q2 estimates, Proto Labs (NYSE:PRLB) guided on its earnings call for Q3 EPS of $0.51-$0.55 vs. a $0.52 consensus. The custom parts manufacturer also reiterated its 25% long-term revenue growth target.
- 3D printing (additive manufacturing) services revenue was once more a strong point, rising 86% Y/Y in Q2 to $5.4M (8% of total revenue). Total product developers/engineers served by the company rose 28%.
- Financials: Gross margin fell 150 bps Q/Q and 310 bps Y/Y to 58.7%; forex had an 80 bps impact, and additive services growth a 90 bps impact. GAAP operating expenses rose 21% Y/Y to $20.2M (matches revenue growth). PRLB ended Q2 with $142M in cash/investments, and almost no debt.
- Q2 results, PR
Proto Labs, Inc. engages in the provision of rapid 3D printing, computer numerical control machining, and injection molding technologies for production. It also engages in the research and development of accelerated manufacturing process. The company was founded by Lawrence J. Lukis and Gregg... More
Sector: Industrial Goods
Industry: Machine Tools & Accessories
Country: United States