Once again we take a look at the valuations of the major 3D printing companies over the past week.
Publicly traded companies are required to post their financial reports, as well as appear on stock markets. From there we can calculate the total value of their company by multiplying the current stock price by the number of outstanding shares. This number is the market capitalization, and represents the current valuation of the company.
It’s a great number of compare companies, as the market capitalization can be leveraged to provide more capabilities for the company. Shares could, for example, be used as collateral for a loan. That and similar maneuvers could generate cash with which the company might undertake new projects.
In other words, “market cap”, as it is known, is quite important.
You might think it’s not important to monitor these companies each week, as their value is realized only when stocks are sold. However, events happen to companies occasionally that cause their value to rise and fall, and this weekly post is where we track such things.
Note that our list here does not include all major 3D print companies. Not all 3D print companies are publicly traded, and thus we cannot officially know their true size, such as EOS. Others, like HP or Siemens, have very large 3D printing divisions, but are part a much larger enterprises and we cannot know the true size of their 3D printing activities.
Let’s take a look at the 3D printing companies on this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Bright Laser | $1,739 | -76 |
| 2 | Xometry | $1,723 | +136 |
| 3 | Farsoon | $1,489 | +148 |
| 4 | Proto Labs | $1,068 | +22 |
| 5 | Stratasys | $720 | +34 |
| 6 | 3D Systems | $538 | +145 |
| 7 | Nano Dimension | $503 | -31 |
| 8 | Materialise | $467 | -24 |
| 9 | Titomic | $159 | +24 |
| 10 | Desktop Metal | $124 | -7 |
| 11 | Markforged | $87 | +7 |
| 12 | AML3D | $51 | -12 |
| 13 | BigRep | $43 | +12 |
| 14 | Aurora Labs | $20 | +1 |
| 15 | Velo3D | $9 | -1 |
| 16 | Massivit | $8 | +0 |
| 17 | Freemelt | $7 | +2 |
| 18 | Steakholder Foods | $5 | -1 |
| 19 | Sygnis | $2 | -0 |
| TOTAL | $8,761 | +378 |
This week saw most markets decline in value, but for some reason the tech-heavy NASDAQ actually rose. Going along with the pattern, the 3D print leaderboard rose over four percent this week. That’s pretty decent news after many weeks of declines.
There were some severe movements among valuations this week, with a variety of reasons behind each.
At the top of the leaderboard, Bright Laser dipped four percent, contrary to the trend. Meanwhile, rival Farsoon rose a huge eleven percent, closing the gap between the two Asian giants. Meanwhile, Xometry quietly rose almost nine percent to land only US$16M behind leader Bright Laser.
3D Systems rose an incredible 37% in value this week. That may sound strange for a company that has posted increasing net losses for several years, but there’s a good reason for this week’s strangeness: the company announced the sale of their Geomagic line of 3D software tools. The value of the sale, US$123M to Hexagon, is suspiciously close to 3D Systems’ gain this week of US$145M.
BigRep also rose a huge 37% this week. This is quite curious, as the company has consistently lost value since they went public a few months ago. This week it seems that investors noticed that the company’s CFO & Managing Director has left the organization, and that the board of directors is searching for replacements for those roles. Evidently this was seen as a very positive move for BigRep.
As usual, Titomic continued its unexplainable volatile pattern, this week rising 18% in value.
AML3D fell 20% in value this week, which is very curious given that the company has recently issued a series of announcements regarding expansion to the US along with military contracts. It may be that investors are cashing out after the recent bump.
Upcoming Changes
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
Others In The Industry
While we’ve been following the public companies, don’t forget there are a number of private companies that don’t appear on any stock exchange. These privately-held companies likely have significant value, it’s just that we can’t know exactly what it is at any moment. The suspected bigger companies include EOS, Carbon and Formlabs.
Perhaps someday some of them will appear on our major players list.
Related Companies
Finally, there are a number of companies that are deeply engaged in the 3D print industry, but that activity is only a small slice of their operations. Thus it’s not fair to place them on the lists above because we don’t really know where their true 3D print activities lie.
