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 | $3,031 | +100 |
| 2 | Farsoon | $2,463 | +143 |
| 3 | Xometry | $2,390 | -111 |
| 4 | Proto Labs | $1,191 | -19 |
| 5 | Stratasys | $891 | -51 |
| 6 | 3D Systems | $313 | +44 |
| 7 | Nano Dimension | $308 | -0 |
| 8 | Materialise | $297 | -14 |
| 9 | Titomic | $238 | +12 |
| 10 | AML3D | $101 | +11 |
| 11 | Velo3D | $86 | +9 |
| 12 | Sygnis | $9 | +0 |
| 13 | Aurora Labs | $9 | -0 |
| 14 | Massivit | $9 | -0 |
| 15 | Freemelt | $7 | -0 |
| 16 | Steakholder Foods | $3 | +1 |
| TOTAL | $11,347 | +124 |
This week saw the major exchanges all flat, or near flat. However, the leaderboard went up about a percentage point.
At the top of the board, the two Chinese companies, Bright Laser and Farsoon, saw big gains this week. However, this is likely due to a combination of a soaring Shanghai Exchange, which carried the two upwards, and a dip in the currency exchange value of the USD versus the Yuan.
Xometry fell back to third place with a dip of almost five percent this week. That’s likely due to profit taking after last week’s jump.
3D Systems jumped a huge 16% this week, following news they’ve signed a large US$7.65M contract with the USAF to provide an advanced metal printing system. It may be that investors could see this as the start of more contracts. The military is one of the growth areas these days, and if they’re spending on one, they might spend on two. Or ten.
AML3D was up eleven percent, and while that sounds substantial, the company’s is bouncing around the same levels it has had for the last few months. In June they experienced a huge gain, and the valuation has been a bit volatile since then.
Then we come to Velo3D. The troubled company had been on the market for a couple of years, losing 95% of its initial value. They were forced off the NASDAQ, but last week gained some new financing and restarted trading. Their first launch on an exchange was pretty disastrous a few years ago, so I was curious to see what would happen this time. It turns out quite positive: their valuation rose this week, eleven percent.
Investors may have seen their recent announcements of engagements with military clients, but their current valuation (US$86M) is much more appropriate than the hugely inflated valuation years ago that ultimately caused all the troubles.
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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