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 | $1,906 | +180 |
| 2 | Xometry | $1,508 | +393 |
| 3 | Farsoon | $1,187 | +111 |
| 4 | Proto Labs | $980 | +31 |
| 5 | Stratasys | $547 | +24 |
| 6 | Nano Dimension | $474 | -9 |
| 7 | 3D Systems | $446 | -6 |
| 8 | Materialise | $397 | +31 |
| 9 | Titomic | $193 | +43 |
| 10 | Desktop Metal | $153 | -11 |
| 11 | Markforged | $91 | +1 |
| 12 | AML3D | $49 | +6 |
| 13 | BigRep | $45 | +27 |
| 14 | Aurora Labs | $18 | -1 |
| 15 | Velo3D | $14 | +4 |
| 16 | Massivit | $8 | -0 |
| 17 | Steakholder Foods | $8 | -0 |
| 18 | Freemelt | $5 | -0 |
| 19 | Sygnis | $3 | -0 |
| TOTAL | $8,030 | +824 |
This week saw decent valuation rises in most of the tracked companies, possibly due to investor sentiment after this week’s US federal election.
Both of the Chinese companies at the top of the list, Bright Laser and Farsoon, fared equally well, gaining about ten percent each. Those gains represented about 70% of this week’s gains, showing the massive size of these companies.
Xometry, which took second place last week, rose an amazing 35% this week on very positive quarterly financials. The company increased their revenue 19%, year over year, to record levels. Re they profitable? Almost — they posted adjusted EBITDA at only a US$600K loss, which is pretty close to breaking even on US$141M quarterly revenue.
Titomic, the Australian metal 3D printer manufacturer, rose again this week by almost 29%. This places them in 9th spot on the list, apparently larger than more well known players including Desktop Metal, Markforged, BIgRep, Velo3D and more. This is likely a combination of their recent strategic move into the US, along with increased interest in metal 3D print production. Interestingly, AML3D, another Australian metal 3D printing company, rose almost 15% this week, possibly riding along with Titomic in the minds of investors.
Then we come to BigRep, which has been quite a story this fall. The company entered the market only a few months ago via a SPAC, and was initially valued around US$230M. Since then it’s been all downhill, with the company bottoming out in value last week at a mere US$18M.
Suddenly this week the company’s valuation leapt upwards an astonishing 153%. What precipitated this sudden change in investor sentiment towards BigRep?
There are rumors that the company have parted ways with their CEO, and also let go of over a dozen BigRep staff members, likely in an effort to reduce costs. This is not particularly good news, but on the other hand the company is clearly taking major steps to rectify a disappointing situation, and that’s more than likely why the valuation jumped upwards this week.
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.
