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protolabs

Proto Labs stock dives on Q3 earnings miss

October 28, 2021 By Jim Hammerand

Proto Labs (NYSE:PRLB) stock dropped more than 18 percent after the digital manufacturing service provider reported third-quarter earnings that missed Wall Street’s expectations. Maple Plain, Minnesota-based Proto Labs this morning reported earnings of $4.8 million (or 17¢ per share) off sales of $125.3 million. That’s a 67% decrease from Q3 2020’s earnings of $14.7 million (55¢ […]

Filed Under: Business/Financial News, Contract Manufacturing, MassDevice Earnings Roundup, News Well Tagged With: Proto Labs, protolabs

Protolabs reports mixed-bag results for Q2

July 29, 2021 By Chris Newmarker

Protolabs (NYSE: PRLB) posted second-quarter earnings today that missed the consensus forecast on Wall Street, though the company beat on revenue. The Maple Plain, Minn–based digital manufacturing outsourcer — which serves medtech and a host of other industries — reported profits of $12.9 million, or 47¢ per share, on sales of $123.0 million for the […]

Filed Under: Business/Financial News, Contract Manufacturing, MassDevice Earnings Roundup Tagged With: protolabs

Protolabs to acquire 3D Hubs for up to $330M

January 19, 2021 By Nancy Crotti

Protolabs (NYSE: PRLB) today announced it plans to acquire Amsterdam-based 3D Hubs, an online manufacturing platform that provides engineers with on-demand access to a global network of approximately 240 manufacturing partners. The transaction creates a comprehensive digital manufacturing offer for custom parts, expanding Protolabs’ breadth of capabilities as well as adding a broader offering of pricing and lead-time […]

Filed Under: Business/Financial News, Contract Manufacturing, Mergers & Acquisitions Tagged With: 3d hubs, protolabs

SafKan Health wins FDA clearance for ear-cleaning headset

November 13, 2020 By Nancy Crotti

Tucson-based startup SafKan Health this week announced FDA clearance for its automated ear-cleaning device, OtoSet. Developed to clean impacted earways, OtoSet has irrigation and microsuction technology built into an automated and wearable device. According to the American Academy of Otolaryngology, excessive or impacted earwax is present in 1 in 10 children, 1 in 20 adults, and […]

Filed Under: 510(k), Featured, Food & Drug Administration (FDA), Otolaryngology/Ear, Nose & Throat (ENT) Tagged With: FDA, protolabs, safkan

Protolabs stock takes a hit despite beating The Street for Q2

July 28, 2020 By Nancy Crotti

Shares in Protolabs (NYSE: PRLB) dropped by nearly 9% today on news of second-quarter medical device sales that would have been worse had it not been for orders that came in response to COVID-19. The Maple Plain, Minn.-based rapid manufacturing company reported profits of $12.6 million or $0.47 per share, on sales of $106.58 million for the three […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Wall Street Beat Tagged With: coronavirus, COVID-19, protolabs

UPDATE: Medtech contract manufacturers make it work during a pandemic

April 29, 2020 By Nancy Crotti

From coping with wild fluctuations in demand to keeping workers safe and customers satisfied, these medical device industry suppliers have managed to adapt amid COVID-19 and an uncharted business environment. Medical device contract manufacturers are finding ways to keep business going during the coronavirus pandemic. Medical Design & Outsourcing recently conducted another round of an informal survey of […]

Filed Under: Business/Financial News, Contract Manufacturing, Distribution, Featured, Outsourcing Tagged With: Biomerics, coronavirus, COVID-19, integer, Medline Industries Inc., microcare, Microspec, Nelson Laboratories, protolabs, qosina, spectrumplastics, Trelleborg, U.S. Centers for Disease Control and Prevention, Web Industries, West Pharmaceutical Services Inc.

How medtech contract manufacturers are managing during the coronavirus pandemic

March 24, 2020 By Nancy Crotti

From invoking their business continuity plans to marshaling their pandemic teams, medical device contract manufacturers are finding ways to keep business going during the coronavirus pandemic. Medical Design & Outsourcing conducted an informal survey of manufacturers and other companies that serve the medtech industry. Here’s some of what we learned. Get the full story on our […]

Filed Under: Business/Financial News, Contract Manufacturing, Distribution, Featured, Hospital Care Tagged With: Biomerics, coronavirus, elkemsilicones, integer, Medline Industries Inc., microcare, Microspec, protolabs, qosina, Web Industries

University of Minnesota researcher touts makeshift $150 ventilator to treat coronavirus

March 24, 2020 By Sean Whooley

The University of Minnesota is touting makeshift ventilators made from $150 in parts as potential solutions amid the shortage of equipment at healthcare facilities during the COVID-19 outbreak. According to a report in the Star Tribune of Minneapolis, researchers tested the prototype on a pig, keeping the animal breathing for an hour and confirming the possibility of […]

Filed Under: Contract Manufacturing, Featured, Respiratory Tagged With: coronavirus, COVID-19, digi-key, earlebakkenmedicaldevicescenter, MGC Diagnostics, protolabs, University of Minnesota

Here’s some recent medical 3D printing news

March 18, 2020 By Chris Newmarker

Innovation in the medical 3D printing space continues to accelerate. Here are some of the top stories that got our attention at Medical Design & Outsourcing and MassDevice over the past year. June 2019 Digital manufacturing company Protolabs (Maple Plain, Minn.) rolls out metal 3D printing production capabilities. Materialise announced FDA clearance for its Mimics Enlight — a […]

Filed Under: Contract Manufacturing, Featured, Orthopedics, Surgical Tagged With: 3D printing, Carbon, Cleveland Clinic, formlabs, GE Healthcare, Materialise, protolabs, stratasys

Protolabs shares fall on Q4 results

February 6, 2020 By Nancy Crotti

Shares in Protolabs (NYSE: PRLB) dropped by 12.4% today on news of weak fourth-quarter demand. Sales met analysts’ expectations, but  profits fell sharply compared with the fourth quarter of 2018. The Maple Plain, Minn.-based rapid manufacturing company reported profits of $15.19 million or $0.63 per share, on sales of $111.89 million for the three months ended Dec. 31, […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: protolabs

10 women in medtech manufacturing you should know

March 27, 2019 By Danielle Kirsh

Women account for nearly one-third of employees in the manufacturing industry, where men have historically held the majority of jobs, according to the U.S. Census Bureau. The situation includes manufacturers and other outsourcers serving the medical device space. The lack of diversity is even more apparent farther up the corporate leadership ladder. According to a report […]

Filed Under: Contract Manufacturing Tagged With: 3m, criterion, Eastman Chemical, eldonjames, integer, promenadesoftware, protolabs, surfacesolutionlabs, Women in Medtech

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