Proto Labs, Inc. |
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Reconciliation of GAAP to Non-GAAP Operating Margin |
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(In thousands) |
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(Unaudited) |
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Three Months Ended |
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March 31, |
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2020 |
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2019 |
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| Revenue | $ |
115,108 |
|
$ |
113,452 |
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| Income from operations |
|
16,825 |
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|
19,448 |
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| GAAP operating margin |
|
14.6 |
% |
|
17.1 |
% |
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| Add back: | |||||||||
| Stock-based compensation expense |
|
3,033 |
|
|
3,040 |
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| Amortization expense |
|
754 |
|
|
871 |
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| Total adjustments |
|
3,787 |
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|
3,911 |
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| Non-GAAP income from operations | $ |
20,612 |
|
$ |
23,359 |
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| Non-GAAP operating margin |
|
17.9 |
% |
|
20.6 |
% |
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Protolabs Reports Financial Results for the First Quarter 2020
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