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 | 920 | +25 |
| 2 | Xometry | 820 | -15 |
| 3 | Stratasys | 810 | -17 |
| 4 | Nano Dimension | 617 | -75 |
| 5 | 3D Systems | 592 | +8 |
| 6 | Materialise | 312 | +19 |
| 7 | Desktop Metal | 290 | +44 |
| 8 | Markforged | 167 | +14 |
| 9 | Velo3D | 115 | -23 |
| 10 | Massivit | 42 | -2 |
| 11 | Titomic | 41 | +12 |
| 12 | FATHOM | 32 | +0 |
| 13 | Freemelt | 18 | +6 |
| 14 | Steakholder Foods | 16 | -0 |
| 15 | Shapeways | 13 | +1 |
| 16 | AML3D | 11 | +0 |
| 17 | voxeljet | 6 | 0 |
| 18 | Aurora Labs | 6 | -0 |
| 19 | Sygnis | 5 | -1 |
| TOTAL | 4,832 | -3 |
This week saw a basically flat week for the leaderboard, but with several very notable ups and downs among the participants.
On the positive side, we have Freemelt, the Swedish maker of a metal 3D printing system. Recently the company has strategically moved into the production space from prototyping, opening up many commercial possibilities.
That seems to be paying off, as the company announced a major deal with Saab Dynamics for defense applications. This announcement more than likely fired up investors significantly, as the company’s valuation popped this week by almost 55%. That’s quite significant, and the company subsequently held an extraordinary meeting to issue new shares. It seems this company is set for growth.
Another riser this week was Titomic, the Australian manufacturer of a metal 3D printer. This company’s stock price has been incredibly volatile in past months, with absolutely staggering rises — and falls. The volatility was such that the Australian exchange formally asked the company for an explanation — twice! In both cases, the answer was “we don’t know.”
Regradless of how and why it’s happening, Titomic’s valuation is much larger than it was last year. This week it rose by almost 39%, another huge jump. However, they did announce the sale of ten systems to the Royal Netherlands Army. Ten systems might not sound like a lot, but for expensive metal 3D printers that’s quite a large sale. This may be part of the reason for the jump this week.
Desktop metal rose 18% this week, with news of a program for dentists that allows for easy sign-up and adoption of 3D print technology. The program appears to work much like a manufacturing network, except that it has dental labs doing the printing instead of manufacturers. This certainly deepens the company’s push into the dental market and clearly was a hit with investors.
On the other side of the ledger we have Nano Dimension, which fell eleven percent this week. The reason for the drop is curious, as they had previously announced record revenues and significant organic growth. However, Nano Dimension’s valuation seems related to their adventures with Stratasys and 3D Systems last year, so it’s unpredictable what might be happening.
After several weeks of gains, Velo3D fell 16% this week. The company is notorious for its valuation volatility, and it seems that pattern has returned.
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.
voxeljet is expected to leave our leaderboard as the company announced their intent to delist from the stock market due to financial difficulties.
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.
