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 | $2,823 | +296 |
| 2 | Xometry | $2,422 | +307 |
| 3 | Farsoon | $2,344 | +402 |
| 4 | Proto Labs | $1,150 | +37 |
| 5 | Stratasys | $799 | -2 |
| 6 | Materialise | $305 | +8 |
| 7 | Nano Dimension | $300 | +11 |
| 8 | 3D Systems | $263 | +20 |
| 9 | Titomic | $249 | -0 |
| 10 | AML3D | $110 | +12 |
| 11 | Sygnis | $10 | -0 |
| 12 | Aurora Labs | $9 | +0 |
| 13 | Massivit | $9 | +1 |
| 14 | Freemelt | $9 | -1 |
| 15 | Steakholder Foods | $3 | +1 |
| TOTAL | $10,805 | +1092 |
This week saw big gains on most major exchanges, and the leaderboard followed, sort of.
The leaderboard gained over US$1B this week, but almost all of that came from the three companies at the top of the leaderboard: Bright Laser, Xometry, and Farsoon.
Bright Laser and Farsoon trade on the Shanghai exchange, which saw major boosts this week, 12% and 21%, respectively. It seems that the companies might have been swept up in that rise, leading to their gains on the leaderboard. Otherwise, there were no official announcements from either company.
As for Xometry, the company’s valuation rose by a huge 15% this week. The rise is almost certainly due to continued investor interest in the company after their glowing financials were released the other week.
The rest of the leaderboard was pretty neutral, with most having shifts of zero to three percent.
However, there were some interesting exceptions.
AML3D rose almost 13%, likely due to an announcement of operations commencing in Europe. The Australian company had previously done considerable work to set up operations in the US, gaining several important military contracts along the way. It may be that investors foresee the same process taking place again, only in Europe this time.
Meanwhile, Freemelt fell 13% this week. The change follows their financial release, which described some concerning trends. The market likely reacted to the fact that despite rising sales and a fuller orderbook, losses are still large, margins are slipping, and cash flow turned negative in the latest quarter. This combination could have undermined confidence in the company’s ability to convert growth into sustainable profitability, prompting the 13% valuation drop.
Finally, we have 3D Systems, which rose eight percent this week. It’s all due to their latest financial results, which were quite unusual. The company actually had positive net income this quarter, something that hasn’t happened for quite a while. However, it wasn’t due to the core business of the company. Instead, it was a one-time windfall of debt retirement. Curiously, the company’s revenue fell, but it was actually positive if you leave out last year’s revenue from GeoMagic, which was sold off during the year. The mixed results in the report were evidently sufficient for this week’s gain.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. The valuation drop is likely 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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