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 | $5,231 | -435 |
| 2 | Bright Laser | $3,813 | -245 |
| 3 | Xometry | $1,913 | -335 |
| 4 | Proto Labs | $1,292 | -71 |
| 5 | Stratasys | $678 | -70 |
| 6 | Nano Dimension | $366 | -17 |
| 7 | 3D Systems | $353 | +67 |
| 8 | Velo3D | $347 | +49 |
| 9 | Materialise | $326 | +12 |
| 10 | Titomic | $241 | -7 |
| 11 | 6K Additive | $95 | -1 |
| 12 | AML3D | $60 | -2 |
| 13 | Aurora Labs | $20 | -0 |
| 14 | Sygnis | $12 | +2 |
| 15 | Massivit | $9 | -0 |
| 16 | Freemelt | $4 | -0 |
| 17 | Steakholder Foods | $1 | -0 |
| TOTAL | $14,764 | -1054 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw declines on all markets worldwide, which is not surprising given recent special military operations. By and large, the 3D print companies followed that pattern with a couple of interesting exceptions.
At the top of the list, we see leaders Farsoon and Bright Laser both fall eight and six percent, respectively. Aside from the general market decline, this is unsurprising because both companies experienced huge valuation gains last week, so this week investors were no doubt profit-taking.
Xometry fell 15% this week. This follows a general pattern of decline since the beginning of February. Last week the company’s valuation bumped upwards slightly due to favourable financial reporting. However, this week the valuation resumed its former pattern with another decline.
Stratasys fell nine percent this week, which was unsurprising given their recent financial report. In the report, the company beat revenue expectations, but the revenue was lower year-on-year: sales were down. But with all the new spending on military, you might think Stratasys could capitalize on that, given their familiarity with regulatory environments, aerospace, and military clients. But no, investors didn’t go for that and the valuation fell.
Velo3D rose a whopping 16% this week, but not from a quarterly financial report. Evidently, the CEO purchased a large chunk of company stock, which is always a positive signal. In addition, a director converted a US$10M note, and Velo3D reported that this eliminated 60% of company debt. With multiple positive signals, the valuation rose appropriately.
3D Systems was the winner of the week with a valuation bump of 24%. This is certainly due to their financial report, which showed the company’s revenues unexpectedly rising beyond forecasts. That surprised investors, who pushed the valuation upwards.
Sygnis rose 19%, but there was no official news to drive this significant shift. It may be that investors anticipate future growth due to the company’s association with military clients. In addition, the company’s valuation was previously higher, but dropped in recent weeks. This may be the beginning of a rebound.
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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