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 | $4,367 | -221 |
| 2 | Bright Laser | $3,591 | -37 |
| 3 | Xometry | $1,951 | -81 |
| 4 | Proto Labs | $1,332 | +7 |
| 5 | Stratasys | $658 | +3 |
| 6 | Nano Dimension | $355 | +21 |
| 7 | Materialise | $310 | +19 |
| 8 | 3D Systems | $285 | +3 |
| 9 | Titomic | $260 | +12 |
| 10 | Velo3D | $222 | -67 |
| 11 | 6K Additive | $93 | +3 |
| 12 | AML3D | $74 | +12 |
| 13 | Aurora Labs | $17 | -3 |
| 14 | Sygnis | $10 | -0 |
| 15 | Massivit | $9 | -0 |
| 16 | Freemelt | $5 | -0 |
| 17 | Steakholder Foods | $1 | +0 |
| TOTAL | $13,542 | -328 |
This week saw quite bad results on the major exchanges, which is not surprising given the considerable carnage taking place in the world of oil. The NASDAQ in particular suffered greatly, losing over five points. The exception was the Shanghai exchange, which for some unexplainable reason was up almost nine percent.
You’d expect the 3D companies to exaggerate this trend, as they usually do. However, this week the leaderboard as a whole fell only 2.4%. That could be because several of the companies are linked to military contracts, which would be more valuable during these times.
Nano Dimension somehow grew almost seven percent in value this week, in spite of no bullish press releases. However, there has been a series of regulatory filings and positioning entries that might have been interpreted by investors as a positive signal — just ahead of their earnings call.
Velo3D fell a whopping 23% this week. This is in spite of Velo3D boasting of massive back orders and notable revenue. It seems that investors have moved beyond that story and instead are focusing on near-term results, namely a drop in quarterly revenue of some 25%. That seems to line up with the valuation drop as well.
AML3D grew 19% this week, almost certainly due to the announcement of a US$10M order from HII Newport News, along with another smaller order from the US Navy for submarine parts. For a smaller company like AML3D, announcements like these tend to drive up company value, and that’s exactly what happened this week.
Aurora Labs fell 13% this week, but there were no clear signals as to why that occurred. It could be just plain volatility, which is strong in smaller operations such as Aurora Labs.
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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