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 | Protolabs | 775 | +14 |
| 2 | Stratasys | 586 | +8 |
| 3 | Xometry | 539 | -76 |
| 4 | Nano Dimension | 483 | -7 |
| 5 | 3D Systems | 422 | -48 |
| 6 | Materialise | 288 | -9 |
| 7 | Desktop Metal | 130 | -7 |
| 8 | Markforged | 83 | -4 |
| 9 | Titomic | 51 | -2 |
| 10 | Velo3D | 25 | +2 |
| 11 | AML3D | 23 | +6 |
| 12 | Massivit | 17 | -7 |
| 13 | Aurora Labs | 16 | -4 |
| 14 | Steakholder Foods | 10 | +0 |
| 15 | Freemelt | 9 | -1 |
| 16 | Shapeways | 5 | -2 |
| 17 | Sygnis | 4 | +0 |
| TOTAL | 3,464 | -154 |
This week saw tremendous valuation losses almost across the board, with the leaderboard total dipping almost five full percent. That’s unprecedented, and if it continues for another few months there will be no values at all. While some markets were down this week, the tech-heavy NASDAQ was actually up. Normally the 3D companies exaggerate the trend, but not so this week.
AML3D’s valuation popped by almost 40% this week. The company’s stock price has been extra volatile in recent months with no official news from the company, aside from denials that they know what’s going on. Small cap stocks do tend to be more volatile, and that’s the case here.
Velo3D gained around ten percent this week. The company’s valuation has always been very volatile, so this is the inevitable bounce back.
Aurora Labs fell by nearly 20% after some gains in previous weeks. It’s very likely that at least some of the dip was due to profit taking by investors.
3D Systems fell by ten percent this week, but without specific news to drive the change. It may be that the boost the company received from its recent dental strategy announcement then triggered subsequent profit taking, driving down the price.
Xometry, which was in position one of the leaderboard for quite some time, and more recently in position two, fell this week to position three behind Stratasys, which gained a point this week.
That gain by Stratasys put the difference between them and rival Nano Dimension at US$103M, with 3D Systems falling behind x at US$61M behind Nano Dimension.
Finally, we have Shapeways, which fell a huge 30% this week. The company has been quite troubled since the announcement of the sale of one of their major software tools. The company is now worth only US$5M, and not quite in last position on the leaderboard.
Upcoming Changes
BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.
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.
