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 | $1,719 | +264 |
| 2 | Farsoon | $1,016 | +161 |
| 3 | Xometry | $927 | -4 |
| 4 | Protolabs | $740 | +2 |
| 5 | Stratasys | $501 | -38 |
| 6 | Nano Dimension | $474 | -18 |
| 7 | 3D Systems | $386 | +41 |
| 8 | Materialise | $315 | +18 |
| 9 | Desktop Metal | $156 | +2 |
| 10 | Markforged | $97 | +55 |
| 11 | Titomic | $89 | +5 |
| 12 | BigRep | $61 | +4 |
| 13 | AML3D | $37 | -3 |
| 14 | Aurora Labs | $18 | +4 |
| 15 | Massivit | $9 | +0 |
| 16 | Steakholder Foods | $7 | +0 |
| 17 | Freemelt | $7 | +0 |
| 18 | Velo3D | $5 | -4 |
| 19 | Sygnis | $4 | -0 |
| TOTAL | $6,571 | +140 |
This week saw perhaps the most insane valuation shifts since we began the leaderboard way back in 2021. One company rose in value by more than 131%, while another fell by 45%. And there was plenty of movement in-between. Fortunately, most of the shifts were upwards.
The biggest jump of the week, the 131%, was Markforged. The company, which has recently seen significant financial challenges, obtained a cash takeover bid from Nano Dimension for US$115M. Accordingly, investors quickly priced the company close to that level: US$97M. Why isn’t it valued at US$115? That’s because the deal hasn’t officially closed yet, and there’s a chance it may not go through. Some investors fear the stock will quickly fall back to the US$30M range if that happens, thus the slight discount.
There were several other notable leaps in valuation. At the top of the leaderboard Bright Laser added a massive quarter billion dollars to their value. Similarly, China-based Farsoon also jumped almost 19%, putting them in second spot on the leaderboard over Xometry. It’s not clear why this occurred, but likely there was a boost to the Chinese stock markets in general.
Nano Dimension jumped a very healthy 14%, almost certainly due to their pending acquisition of Markforged. I’ll have more about this deal in a forthcoming story.
3D Systems was also up a similar amount, exceeding Stratasys’ “mere” seven percent. There was no official news from 3D Systems to warrant this shift, but it may be that investors may have seen the bottom of 3D Systems’ recent drop.
Aurora Labs jumped an unexpected 30% in value this week, and again there was no official news. Curiously, their Australian metal 3D printing comrade companies, Titomic and AML3D, did not make a similar jump. Usually the three move together.
Finally, we have Velo3D. The company’s valuation has plummeted in recent weeks, leading to their delisting from the NYSE. The delisting halved their value immediately, and this continues this week as they drop 45% to a mere US$5.1M. I can’t imagine they will go another week without being acquired by someone.
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.
