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 | $1,628 | -69 |
| 2 | Xometry | $869 | -100 |
| 3 | Farsoon | $855 | -36 |
| 4 | Protolabs | $709 | -60 |
| 5 | Nano Dimension | $460 | -24 |
| 6 | Stratasys | $438 | -41 |
| 7 | Materialise | $298 | -18 |
| 8 | 3D Systems | $251 | -35 |
| 9 | Desktop Metal | $144 | -2 |
| 10 | Titomic | $90 | -39 |
| 11 | BigRep | $69 | -2 |
| 12 | Markforged | $45 | -7 |
| 13 | AML3D | $32 | -3 |
| 14 | Aurora Labs | $15 | -1 |
| 15 | Velo3D | $12 | +1 |
| 16 | Massivit | $10 | -2 |
| 17 | Freemelt | $9 | -1 |
| 18 | Steakholder Foods | $8 | +0 |
| 19 | Sygnis | $4 | +0 |
| TOTAL | $5,946 | -438 |
This week saw major downswings in the general markets, with an especially hard hit for tech stocks. The NASDAQ dropped over five percent this week. Correspondingly, the leaderboard total slipped by over nine percent, one of the worst negative dips since inception.
Only three companies were on the positive side this week. One of them was Velo3D, but that company’s valuation as plummeted so far it really can’t go any lower, and seems to have had a slight bounce back this week.
Titomic suffered a massive valuation drop of over 30% this week. The Australian metal 3D printer manufacturer is well-known for extreme stock price swings, and this week was no exception. Investors may have lost a lot on this company this week — or not, depending on when the purchase was made. It’s just that volatile.
3D Systems dropped twelve percent this week, likely as a result of investor analysis of their most recent financials. It seems that while the company has significantly reduced their expenses, their revenue has dropped as well. Investors want to see revenues rising, apparently.
Stratasys also dropped almost nine percent, again likely due to their financial results. Like 3D Systems, the company has notably reduced expenses, but suffers from reduced revenues, resulting in ongoing losses. In this week overall negative sentiment, the investors pushed Stratasys’ value downwards.
Rival Nano Dimension also fell, but only five percent, widening the gap between them and Stratasys to US$22M.
Desktop Metal, slated for absorption by Nano Dimension due to a pending acquisition, stayed flat this week, unlike many of the other companies on the leaderboard.
Markforged continued their downward trend, which began way back in 2021, with another 14% down this week.
One more thing: a few weeks ago we added two major publicly traded Chinese companies to the leaderboard, Bright Laser and Farsoon. It turned out that these companies were highly valued, with Bright Laser immediately taking top spot. For reasons unknown these companies seem to have some immunity to the negativity faced by the other companies on the leaderboard. If one subtracted them from the total, we’d find that this week has been the lowest leaderboard total ever recorded. Not a good week at all.
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!
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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.
