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 | Xometry | $5,409 | +143 |
| 2 | Farsoon | $4,828 | -33 |
| 3 | Bright Laser | $4,014 | -481 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $1,847 | +79 |
| 6 | Creality | $1,289 | -57 |
| 7 | Stratasys | $707 | -36 |
| 8 | 3D Systems | $437 | -62 |
| 9 | Materialise | $400 | -9 |
| 10 | Nano Dimension | $324 | +12 |
| 11 | Velo3D | $315 | -79 |
| 12 | Titomic | $236 | +7 |
| 13 | 6K Additive | $82 | -9 |
| 14 | AML3D | $44 | -11 |
| 15 | Massivit | $19 | -1 |
| 16 | Aurora Labs | $16 | -3 |
| 17 | Sygnis | $7 | -1 |
| 18 | Freemelt | $6 | +0 |
| 19 | Steakholder Foods | $1 | -0 |
| TOTAL | $22,439 | -543 |
This week saw rather bad results on the major exchanges, with all being down at least a percentage point. The Chinese SSE was in fact down five percent on the week, quite substantial.
Bright Laser fell ten percent this week, without any official company announcements. The decline instead coincided with a wide rout in Asian technology, semiconductor, and capital-equipment shares. The selloff intensified later in the week as investors questioned overly-rich AI and technology valuations; several major Asian technology markets recorded much larger declines than their broad benchmarks, and it seems that Bright Laser might have been caught up in all that activity, possibly due to their high P/E ratio.
3D Systems fell ten percent this week, a complete reversal from last week. While the markets were not strong this week, it seems that 3D Systems investors remain concerned about the company’s US$50M equity offering from earlier in the year. That could remind them that 3D Systems does have some dependency on external capital.
Velo3D fell a huge 20% in value this week. The company is an exceptionally volatile security, if you’ve been following its trajectory. Even genuinely positive news can push the shares way beyond what the immediate revenue contribution justifies. Once momentum reverses, the same limited liquidity magnifies the decline. While the company’s value dropped this week, its value is actually now about the same as it was eight weeks ago. The value went up, then it went right back down.
AML3D fell about 21% this week. The decline may have been aggravated by a July 15 disclosure revealing that two million new employee options were issued. Although the options were “out of the money” and caused no immediate dilution, the filing may have reinforced investor concerns about future dilution. It may be that this indication of possible future dilution created a perception that may have contributed to the sell-off this week.
The bottom line for this week is that while there was really no significantly negative news from the companies, investors seem to be re-pricing many companies due to perceived rising risk.
We’re going to leave Nano Dimension on the list for the moment, as it now appears their shareholders are up in arms about the company’s proposed departure from additive manufacturing. If this shareholder revolt succeeds, then they may be continuing with the technology.
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.
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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