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 | $4,938 | +13 |
| 2 | Farsoon | $4,723 | -271 |
| 3 | Xometry | $2,928 | -227 |
| 4 | Proto Labs | $1,247 | -26 |
| 5 | Stratasys | $914 | -31 |
| 6 | Nano Dimension | $374 | -15 |
| 7 | 3D Systems | $327 | -58 |
| 8 | Velo3D | $324 | -46 |
| 9 | Materialise | $319 | -16 |
| 10 | Titomic | $279 | +8 |
| 11 | 6K Additive | $124 | -1 |
| 12 | AML3D | $71 | -1 |
| 13 | Aurora Labs | $17 | -3 |
| 14 | Sygnis | $16 | -0 |
| 15 | Massivit | $12 | +4 |
| 16 | Freemelt | $6 | -0 |
| 17 | Steakholder Foods | $1 | -0 |
| TOTAL | $16,621 | -671 |
This week saw all major markets down a percent or so, even the Shanghai exchange. On the leaderboard this pattern more or less persisted, with most companies losing a bit of value. But a few lost a lot more, and one scored a huge win.
At the top of the leaderboard, Farsoon has been demoted to second place by Bright Laser. That’s not because Bright Laser ran up its value; instead it’s because Farsoon fell 5.4% this week. While there were no official announcements from the company, their mention in aerospace circles drove up the value significantly in recent weeks. This puts them in a position where investors may wish to take profits. Then, there were apparently reports that a major investor wished to unload around two percent of the company stock, which likely triggered a sell off.
Xometry fell seven percent this week. Their main competitor Proto Labs also fell, but only two percent. Again, no official announcements seem to have triggered this move, but it may that this is a correction by investors, where most of the shift happened in a single day.
3D Systems fell around 15% this week, a notable drop in value. However, the big picture is that the company’s value in the past three weeks has jumped, and this week is almost certainly long-suffering stockholders taking some profits while they can.
Velo3D fell around twelve percent this week. This could be due to a filing for resale of a huge number of shares from existing investors. In other words, the shares became “active”, and some investors may treat this as extra share supply, effectively devaluing the stock price.
Aurora Labs fell 14% this week, and the reason for this could be the announcement of a recent raise of US$5.5M. That amount could dilute the stock somewhat, leading to the drop in value.
The winner of the week was clearly Massivit, which gained a whopping 59% in value this week. It seems that on January 27th the company announced the appointment of two new individuals to their advisory board. One of them is a former Air Force commander, which should tie in pretty well with the company’s new focus on aerospace and defense applications. This combination of a new strategy in a hot market with someone who’s been there proved irresistible to investors.
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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