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MarketScreener Homepage  >  Equities  >  Nyse  >  Proto Labs, Inc.    PRLB

PROTO LABS, INC.

(PRLB)
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Proto Labs : Aerie Designs Creates Drone Control Solution with Injection Molding

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09/25/2019 | 02:43pm EDT

Where to begin… Every step we've taken on our development journey has required 10 steps that were not planned for or expected. It has been a challenge to align our business plan and financial forecasts with an evolving design.

We developed at least 20 prototypes along this concept direction. Proportions, fit, texture, openings, draft angles, size, laser engraving… New criteria would suddenly emerge from our test group that was important to integrate into the design.

Did Protolabs' automated design analysis or applications engineers help during the process?

Yes, most of the Protolabs team has been incredibly supportive and patient. It felt as though they became a part of the Aerie Team. As we investigated textures and and other finishing processes, we worked with the team to modify draft angles.

What processes did you use to manufacture your prototypes and final parts?

We used insert molding to manufacture the control knobs, since the design included threaded fasteners. We also used mold texturing and laser engraving to further enhance the feel of the controls and overall aesthetics.

What material will the control knob be molded with for production?

We'll be molding our final design in ABS plastic for its longevity and future color options. The material is easy to mold and the most economical for our application.

How many parts have you manufactured at Protolabs thus far?

We've done about a dozen 3D-printed prototypes, and have 50 injection molding samples from our mold. We actually just placed a production order of 6,000 parts!

What does the future at Aerie Designs look like?

Right now we are working to expand our product selection with a new control grip that will fit a different style of drone controller. We'll continue to work with Protolabs for additional tooling and on-demand manufacturing.

Disclaimer

Proto Labs Inc. published this content on 25 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2019 18:42:02 UTC

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Financials (USD)
Sales 2020 456 M
EBIT 2020 61,0 M
Net income 2020 50,1 M
Finance 2020 144 M
Yield 2020 -
P/E ratio 2020 42,7x
P/E ratio 2021 33,5x
EV / Sales2020 4,16x
EV / Sales2021 3,80x
Capitalization 2 039 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 77,67  $
Last Close Price 76,13  $
Spread / Highest target 18,2%
Spread / Average Target 2,02%
Spread / Lowest Target -9,37%
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Managers
NameTitle
Victoria M. Holt President, Chief Executive Officer & Director
Sven A. Wehrwein Chairman
John A. Way Chief Financial Officer & Executive VP-Development
Arthur Richard Baker Chief Technology Officer
John B. Goodman Independent Director
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