Although the firm hasn’t broken down exactly how many additive manufacturing-related sales have resulted from its 3D Hubs acquisition, it’s understood to have brought in $5.8 million, potentially making it a significant growth-driver in this area.īy contrast, the company’s CNC Machining and Sheet Metal segments performed less well during Q1 2021, as their revenue fell by 3% and 7% respectively compared to Q1 2020. Likewise, Protolabs’ 3D Printing revenue also grew over the same period, rising 6% from the $16 million generated in Q1 2020, to $17 million in Q1 2021. The company’s Injection Molding division remained its highest earner during Q1 2021, generating $56 million in revenue, representing 48% of its overall turnover for the quarter, and 2% more than the $55 million reported in Q1 2020. Protolabs reports its financial results across four main segments: Injection Molding, CNC Machining, 3D Printing and Sheet Metal. “As the COVID-19 vaccine rollout progresses, and global demand continues to recover, our best-in-class digital manufacturing model positions us to expand our leadership position.” Protolabs’ revenue increased by more than 10% between Q4 2020 and Q1 2021. “I am very pleased that we also delivered strong first-quarter financial performance within our expectations,” he added. “During the first quarter of 2021, we achieved two very important milestones, the successful launch of Protolabs 2.0 and the transformative acquisition of 3D Hubs, which will enable us to accelerate growth,” said Bodor. Based on the firm’s share price, a case could be made that investors have chosen to fixate on this longer-term trend, as they’ve dropped by 4% since results were first published.Īccording to Rob Bodor, CEO of Protolabs, the company’s recent investments, both in its existing portfolio and new acquisitions, have positioned it well for post-pandemic growth. However, when compared to the $115 million Protolabs generated in revenue over the course of Q1 2020, it only managed to muster annual growth of around 1%. The company’s decision to buy 3D Hubs has allowed it to reap almost immediate rewards in Q1 2021, increasing the firm’s addressable market by 25%, and its number of unique product developers to 22,605. In its first quarter financials, Protolabs reported $116 million in consolidated revenue, 10% more than the $105 million generated during Q4 2020. On my board, I switched these two around, so when the COM port is connected, the red LED turns on.On-demand digital manufacturing provider Protolabs has revealed that the additional revenue provided by its acquisition of 3D Hubs has aided a return to growth during Q1 2021. The bottom LED (LED1) is the 'Status' LED and is typically red. The top LED (LED2) is the 'Connect' LED for the Bluetooth module, and is typically green. The 3V3 for the module is derived from the 3V3 output on the Xprotolab therefore, it will work whether powered by the DC barrel jack or the USB connector on the Xprotolab. To connect the Bluetooth module, I had to use air wires to connect to the expansion jack on the right of the Xprotolab, since these pins are not broken out anywhere else. To connect these, I used 0.024 inch traces on the top layer, with vias connecting the top and bottom ground planes surrounding them in an attempt to shield the traces. The BNC jacks are from Sparkfun therefore, the parts used in Eagle are from the Sparkfun library (linked in the GitHub repository below). To make this board, I first created the schematic and board layout, then sent this to OSH Park for production. Two rows of I/O pin headers are used to bring the Xprotolab I/O pins to the edge of the board. In addition, this board also adds a 5V switching regulator so that the Xprotolab can be supplied by a 6.3-30V power supply, as well as a Bluetooth module that allows the wireless use of the Gabotronics Xscope computer interface. Therefore, this breakout board converts the two analog inputs, arbitrary waveform generator, and trigger pins to BNC jacks. sensors, frequency counters, etc.) or with oscilloscope probes. However, it is sometimes necessary to use this oscilloscope with other instruments that use BNC connections (i.e. The XMEGA Xprotolab is a convenient mixed-signal oscilloscope (MSO) with an arbitrary waveform generator fitted to a DIP form factor.
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