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 | $1,883 | -139 |
| 2 | Farsoon | $1,065 | -121 |
| 3 | Xometry | $885 | +28 |
| 4 | Protolabs | $715 | -7 |
| 5 | Stratasys | $519 | -37 |
| 6 | Nano Dimension | $514 | -31 |
| 7 | 3D Systems | $402 | +20 |
| 8 | Materialise | $301 | -3 |
| 9 | Desktop Metal | $163 | +1 |
| 10 | Markforged | $94 | -2 |
| 11 | Titomic | $94 | +13 |
| 12 | AML3D | $46 | -0 |
| 13 | BigRep | $34 | -2 |
| 14 | Aurora Labs | $20 | +2 |
| 15 | Massivit | $9 | -0 |
| 16 | Steakholder Foods | $9 | +0 |
| 17 | Velo3D | $7 | +0 |
| 18 | Freemelt | $7 | -3 |
| 19 | Sygnis | $4 | -0 |
| TOTAL | $6,771 | -282 |
This week saw a downturn on the leaderboard, with a four percent drop in the total valuation. This contrasted with the major exchanges, which all saw very healthy rises this week. Evidently investors are still quite sour on additive manufacturing.
At the top of the leaderboard, the two Chinese entries, Bright Laser and Farsoon, saw notable drops. This is very likely because last week’s sudden boost, apparently due to real estate regulatory changes, must have burned itself out among investors.
Nano Dimension remains slightly behind Stratasys in valuation, in spite of recent acquisitions. However, the two are separated by a mere US$5M at this point. Meanwhile, rival 3D Systems gained five percent, outpacing Nano Dimension’s and Stratasys’ losses this week of 5-7%.
Titomic saw a dramatic rise in value of 16% this week. Perhaps I shouldn’t describe it as dramatic, as huge swings seem to be the norm for this company. All are unexplained publicly, so who knows what’s going on.
Aurora Labs gained a healthy eleven percent this week, almost certainly due to their announcement of a deal with a major Australian defense contractor to produce parts for UAVs. This could lead to significantly more business, and investors seemed to agree.
Velo3D’s valuation seems to have stabilized around US$7M, after their unexpected shift to the OTC market a few weeks ago. While no one has stepped up to purchase the company, they did swing a deal with SpaceX to provide intellectual property. That ensures that SpaceX, the major Velo3D customer, can continue using the technology in the event that Velo3D disappears.
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.
