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 | Xometry | $2,190 | +124 |
| 2 | Bright Laser | $1,514 | -72 |
| 3 | Farsoon | $1,281 | -6 |
| 4 | Proto Labs | $970 | -28 |
| 5 | Stratasys | $653 | -21 |
| 6 | Nano Dimension | $569 | +18 |
| 7 | 3D Systems | $464 | -11 |
| 8 | Materialise | $425 | -15 |
| 9 | Titomic | $144 | +15 |
| 10 | Desktop Metal | $80 | -15 |
| 11 | Markforged | $67 | +1 |
| 12 | AML3D | $52 | +4 |
| 13 | BigRep | $27 | -5 |
| 14 | Aurora Labs | $19 | +1 |
| 15 | Massivit | $9 | +1 |
| 16 | Velo3D | $6 | -3 |
| 17 | Steakholder Foods | $5 | -0 |
| 18 | Sygnis | $2 | -0 |
| 19 | Freemelt | $2 | -3 |
| TOTAL | $8,476 | -17 |
This week saw a very positive results from the markets in general, but this was not reflected on the 3D print leaderboard. That’s for several unusual circumstances, as we will soon see. Instead, the leaderboard dropped just below last week’s level.
At the top of the list remains Xometry, which rocketed to the top the other week due to some good financial results. This week it seems their boost still had a bit in it, and they added over US$100M to their valuation. They now lead second place Bright laser by over half a billion dollars.
Titomic continued its traditional volatility, with a jump of almost twelve percent this week. Again, there was no official news to drive this, but that’s what happens almost every week. This week the direction was up.
Nano Dimension rose three percent, exceeding rivals 3D Systems and Stratasys, which each fell two and three percent, respectively. The rise is no doubt due to the significant leadership change at the company, which saw not only their long-time CEO depart, but also their entire board of directors.
That was about it for positive news. Now the bad news.
Desktop Metal fell over 15% this week, and that’s almost certainly due to the Nano Dimension management change. The previous Nano Dimension regime had a strategy of acquiring companies, and they signed a deal to absorb Desktop Metal. However, the deal hasn’t closed yet, and the new management seems quite unlikely to proceed. It could be that Desktop Metal will continue as an independent company, and investors are settling on its proper valuation — lower than last week.
Meanwhile, Nano Dimension had also signed a deal to acquire Markforged. However, unlike Desktop Metal, Markforged was flat this week. It seems that the market had already discounted Markforged’s valuation. However, both deals are still in force until someone cancels them.
BigRep fell almost 16% this week, continuing their long downward slide. The company’s valuation is now only US$27M, about 10% of its initial value when they went onto the market a few months ago.
Velo3D experienced a bit of a rescue earlier this week, when new investors took over the company and cancelled almost all of the company’s debt. This should be quite positive for the company, but somehow investors reduced the company’s valuation to only US$6M, a 30% drop, possibly the lowest it’s ever been. However, Velo3D trades on the over-the-counter market, and it may be a bit longer before the news travels enough to affect the price.
Sweden-based Freemelt incurred a staggering 62% loss in value this week. It seems that the company is experiencing financial difficulty, and has organized fresh investment from previous investors and their own board of directors. However, this must be approved at an extraordinary general meeting in late January. Until then they’ve taken a bridge loan to cover expenses, which would be paid back when the new investment is approved. However, it appears that investors have serious reservations about this scenario, as it is not clear whether the motion will pass at the January meeting.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
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.
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