10-Q Filing

Proto Labs Inc CIK: 1443669 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-211546`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	prlb-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 50

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$115.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$97.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$79.68M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.69M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$250.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $115 and $97 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$14.78M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $115 and $97 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$11.53M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$3.80M	USD	Point-in-time
Inventory	`InventoryNet`	$3.90M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.43M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.38M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$932.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$932.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$102.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$34.25M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$62.33M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total assets	`Assets`	$143.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.71M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.43M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.77M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.46M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOther`	$2.02M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOther`	$318.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$33.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.03M	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$389.00K	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$390.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.69M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$4.25M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$4.25M	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$526.00K	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$613.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$856.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$871.00K	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 and 0 shares; issued and outstanding 0 shares as of March 31, 2012 and December 31, 2011, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 and 0 shares; issued and outstanding 0 shares as of March 31, 2012 and December 31, 2011, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 23,916,908 and 9,706,270 shares as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 23,916,908 and 9,706,270 shares as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$133.38M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$8.23M	USD	Point-in-time
Accumulated equity (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.67M	USD	Point-in-time
Accumulated equity (deficit)	`RetainedEarningsAccumulatedDeficit`	$-27.74M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-280.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-738.00K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-20.24M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$124.45M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, redeemable common stock and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$143.78M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock, redeemable common stock and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$62.33M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$29.97M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$22.34M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$8.43M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$12.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.73M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$3.21M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$4.44M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.66M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.09M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.07M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.64M	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$577.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$81.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.78M	USD	1 Quarter
Less: dividends on redeemable preferred stock	`TemporaryEquityDividendsAdjustment`	$1.03M	USD	1 Quarter
Less: undistributed earnings allocated to preferred shareholders	`UndistributedEarningsAllocatedToPreferredShareholders`	$-1.26M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.43M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.78M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.23M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.24M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$893.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.33M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$850.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$198.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$23.00K	USD	1 Quarter
Provision for excess inventory	`ProvisionForExcessInventory`	$27.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$160.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$127.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-94.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.15M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.99M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$710.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.34M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOther`	$708.00K	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOther`	$367.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.26M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.26M	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$250.00K	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$250.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.01M	USD	1 Quarter
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$71.67M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$637.00K	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	$1.28M	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	$94.00K	USD	1 Quarter
Proceeds from exercises of warrants and stock options	`ProceedsFromExerciseOfWarrantsAndStockOptions`	$222.00K	USD	1 Quarter
Proceeds from exercises of warrants and stock options	`ProceedsFromExerciseOfWarrantsAndStockOptions`	$30.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.61M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-425.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$536.00K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.59M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$71.54M	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.68M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.69M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.68M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.69M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.