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 | Farsoon | $3,069 | -123 |
| 2 | Xometry | $2,868 | -237 |
| 3 | Bright Laser | $2,686 | -192 |
| 4 | Proto Labs | $1,156 | +8 |
| 5 | Stratasys | $730 | -32 |
| 6 | Materialise | $353 | -2 |
| 7 | Nano Dimension | $345 | +9 |
| 8 | 3D Systems | $251 | -27 |
| 9 | Titomic | $199 | -23 |
| 10 | Velo3D | $103 | +5 |
| 11 | AML3D | $63 | +3 |
| 12 | Sygnis | $14 | +0 |
| 13 | Aurora Labs | $13 | -1 |
| 14 | Massivit | $8 | -0 |
| 15 | Freemelt | $4 | -1 |
| 16 | Steakholder Foods | $2 | +0 |
| TOTAL | $11,863 | -613 |
This week saw serious declines in the major market indices, with the tech-heavy NASDAQ suffering the loss of more than three percentage points. Of course, the leaderboard followed this pattern with a drop of almost five percent in total.
At the top of the leaderboard the two Chinese companies both incurred losses, with Bright Laser losing seven percent, and Farsoon losing almost four percent. It seems that there is nothing specific from the companies to each cause these drops, but rather it is a market sentiment thing.
The China markets have been creaky this week, with overall drops due to fears of tech spending pullbacks. In addition, there are rumors that the head of the China Securities Regulatory Commission may step down, raising regulatory uncertainty.
On the other side of the ocean, we have Xometry, which fell almost eight percent this week. This is almost certainly due to profit taking since the stock went on a tear last week. In the end, the valuation is still much higher than it was before the recent boost.
Long time rivals Stratasys and 3D Systems both fell this week, four and ten percent respectively. Both recently reported year over year declines in revenue, with 3D Systems’ being more severe. It seems that investors are considering the risk-reward ratio for these tech companies along with the current industrial spending declines.
On the bright side, Velo3D rose almost six percent this week. This is likely due to a combination of some intriguing financials showing revenue increases, and a bit of a bounce back from last week’s decline. Their valuation is still lower than it was two weeks ago, however.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
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.
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