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 | $1,932 | +49 |
| 2 | Farsoon | $1,131 | +66 |
| 3 | Xometry | $1,030 | +145 |
| 4 | Protolabs | $732 | +17 |
| 5 | Stratasys | $549 | +30 |
| 6 | Nano Dimension | $509 | -4 |
| 7 | 3D Systems | $409 | +7 |
| 8 | Materialise | $319 | +18 |
| 9 | Desktop Metal | $165 | +2 |
| 10 | Titomic | $98 | +4 |
| 11 | Markforged | $93 | -1 |
| 12 | AML3D | $42 | -4 |
| 13 | BigRep | $34 | -1 |
| 14 | Aurora Labs | $22 | +2 |
| 15 | Freemelt | $9 | +2 |
| 16 | Steakholder Foods | $9 | +0 |
| 17 | Velo3D | $9 | +1 |
| 18 | Massivit | $7 | -2 |
| 19 | Sygnis | $4 | -0 |
| TOTAL | $7,103 | +332 |
This week saw pretty decent results from the publicly traded 3D print companies, with a healthy leaderboard rise of about five percent. That’s pretty good, considering that the markets in general had mixed results this week.
At the top of the leaderboard, the two Chinese companies, Bright Laser and Farsoon, both saw decent uplifts in valuation, likely driven by market effects in China.
Xometry, in third spot, saw an incredible rise of over 16% this week. This rise seems to be investors keen on positive results from the company’s upcoming financial results, which have not yet been posted. To be fair, Xometry’s valuation has been depressed in recent months, and this may also be a bit of a comeback towards their previous levels.
Stratasys saw a near-six percent rise in valuation this week, with no official news to drive the change. The upswing could be investor reaction to the company’s quiet patent infringement lawsuit against upcoming rival Bambu Lab. It may be that investors believe Bambu Lab could be forced to pay royalties to Stratasys, which could boost the company’s valuation.
Meanwhile, Nano Dimension was flat this week, along with their upcoming acquisitions, Desktop Metal and Markforged.
BigRep continued its downward slide, which began the day they entered the public market via a SPAC transaction. This week the drop was only three percent, less than seen in previous weeks. From their initial valuation of around US$230M, the company is currently worth a mere US$34M — a drop of about 85% in value.
Aurora Labs continued their gains from last week, rising eleven percent this week. It seems that investors are taking note of the company’s recent deals with manufacturers, and hoping they blossom into future revenue.
Massivit dropped a massive 20% in value this week, with no explanation. The company issued no official news to drive the shift, and I cannot find any other public information about the cause of the drop. As a result, they fall to second-last place on the leaderboard.
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.
