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
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This week wasn’t great the 3D printing companies, as the leaderboard dropped 1.34%. This is a bit strange, as the markets overall were actually up this week, and in particular the NASDAQ. There are plenty of tech companies on NASDAQ, so you’d think that the 3D print stocks would rise along with them.
You’d be wrong.
There were mostly dips in value this week, unfortunately.
On the bright side, we have Velo3D, which actually rose almost eleven percent this week. This company’s stock is known for being extremely volatile for some reason. However, while this week’s rise is notable, the company’s valuation is still down quite a bit from earlier this summer, and is looking for a resurgence.
AML3D rose a spectacular 18% this week, likely as investors are discovering that the company has made several recent announcements of deals with big customers. That should lead to increased sales, and therefore the company’s value should rise.
Both Xometry and Protolabs, manufacturing services that specialize in 3D printing, rose quite well this week. This is unusual, as most of the 3D printer manufacturers fell. Perhaps investors are believe usage of equipment will increase but not sales of equipment?
At the top of the leaderboard we still have Stratasys, which took the top position after repeated buyout offers arrived, driving up their value. They’re still there. Curiously, one of their suitors, 3D Systems, which had been at the top for months, continued its drop. This week that company fell to the third position, although they closed the gap with Stratasys slightly.
Poland-based Sygnis dropped significantly this week, almost 30% in value. I suspect this move may have something to do with their financials, which were recently released. If I read their statements correctly, it appears they have cut losses in the most recent quarter, but have shifted into negative-land due to first quarter results.
Most other companies lost between one to six percent in value this week. Not a great week.
A company set to appear was Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ. However, that deal has been suspended so we’re wondering what the company’s next steps might be.
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
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.
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.