Digital manufacturing service provider Protolabs (PRLB) has reported a 2.9% revenue decline in its Q3 2022 financial results. During the third quarter, Protolabs generated $121.7 million in revenue, 2.9% less than the $125.3 million it reported in Q3 2021. Although the firm's Hubs business brought in $12.1 million over this period, 38.5% more than it managed a year earlier, its Injection Molding income fell signficantly after seeing a lower level of follow-on orders. "We experienced continued softening of our Injection Molding business, however, we are pleased with the continued growth of our other digital manufacturing services and Hubs business," said Protolabs CEO and President Rob Bodor. "As we face an uncertain economic environment ahead, I am confident in our strategy and the value we bring to market, and the ability of our team to deliver long term revenue growth and profitability." Protolabs' Minnesota HQ. Photo via Protolabs.