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 | $1,455 | -131 |
| 2 | Xometry | $932 | +4 |
| 3 | Farsoon | $855 | +8 |
| 4 | Protolabs | $738 | -5 |
| 5 | Stratasys | $539 | +38 |
| 6 | Nano Dimension | $491 | +18 |
| 7 | 3D Systems | $345 | +15 |
| 8 | Materialise | $297 | +9 |
| 9 | Desktop Metal | $154 | -1 |
| 10 | Titomic | $84 | -2 |
| 11 | BigRep | $57 | +0 |
| 12 | Markforged | $42 | +2 |
| 13 | AML3D | $40 | +2 |
| 14 | Aurora Labs | $14 | -2 |
| 15 | Velo3D | $9 | +4 |
| 16 | Massivit | $9 | -1 |
| 17 | Steakholder Foods | $7 | -1 |
| 18 | Freemelt | $7 | -1 |
| 19 | Sygnis | $4 | +0 |
| TOTAL | $6,080 | -44 |
This week saw terrific results on the markets overall, and the leaderboard didn’t really match that, as we slipped negative this week.
As always, there were some ups and downs.
On the up side, we have Velo3D, which gained a whopping 73% in valuation this week. That sounds like a huge number, but in fact it’s misleading because the company dropped catastrophically last week when they were delisted from the NYSE. After moving to the OTC market their valuation collapsed. It seems that it has recovered somewhat, as they are now worth US$9M. This is still 99% down from their peak valuation of over US$2.2B two years ago.
Markforged was in a similar situation. The company faced delisting due to a declining share price, but unlike Velo3D, opted for a reverse stock split. This put a big dent in their valuation last week, as a delisting event is not a positive sign for investors. However, this week they recovered somewhat with a five percent gain.
Stratasys gained near eight percent this week, likely due to the announcement they intend on buying back up to US$50M in shares. That would constrain the shares on the exchange, raising prices. This week’s move is likely in anticipation of that effect. However, we don’t know exactly when Stratasys will execute the buy back.
Nano Dimension followed Stratasys with solid gain of near four percent, and 3D Systems rose about the same. As of this week, Stratays leads the three at US$539M, with Nano Dimension US$48M behind, and 3D Systems another US$146M behind Nano Dimension.
At the top of the leaderboard is Bright Laser, which fell a suspicious nine percent this week. Unfortunately, I cannot find any relevant news that relates to the drop, which can be challenging for companies operating on Chinese exchanges.
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.
