Press release
Investors who lost money with shares of Proto Labs, Inc. (NYSE: PRLB) should contact the Shareholders Foundation in connection with Investigation
An investigation for investors in Proto Labs, Inc. (NYSE: PRLB) shares over potential securities laws violations by Proto Labs.
Investors who purchased shares of Proto Labs, Inc. (NYSE: PRLB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Proto Labs, Inc. (NYSE: PRLB) concerning whether a series of statements by Proto Labs, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Maple Plain, MN based Proto Labs, Inc., together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. Proto Labs, Inc. reported that its annual Total Revenue rose from $488.39 million in 2022 to $503.87 million in 2023, and that its Net Loss of $103.46 million turned to a Net Income of $17.22 million in 2023.
On November 4, 2022, Proto Labs, Inc reported Q3 results meeting the low end of its prior guidance and then announced lower than expected guidance for Q4 2024. Proto attributed it to "a decline in our injection molding revenue, predominantly due to the challenging macroeconomic climate" in addition to the negative impacts of foreign currency and "the closure of [Proto's] Japan operation." Analysts were skeptical of Proto's explanation, pointing to increased competition as an alternate contributing factor for the decline.
Shares of Proto Labs, Inc. (NYSE: PRLB) declined from $53.00 per share on August 05, 2022, to as low as $22.04 per share on November 09, 2022.
Those who purchased shares of Proto Labs, Inc. (NYSE: PRLB) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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