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 saw good results for most companies, and the Leaderboard rise overall by over three percent — a very good week. Nevertheless, there were several companies that bucked the trend and saw significant downward movement.
At the top of the heap remains Xometry, which had a very good week with a huge twelve percent rise in value. There was no specific news to trigger this movement, but I suspect a general interest in increased manufacturing is driving investor focus on Xometry. Many operations continue to set up local manufacturing, but are unfamiliar with current advanced technologies such as 3D printing. As a result, many turn to Xometry and similar companies who do have expertise ready to use.
Stratasys fell nine percent over the week, perhaps in anticipation of their upcoming financial results. However, after close of the day, it seems that Stratasys beat estimates, so they will likely rise next week after this week’s investors were apparently wrong.
Velo3D continued their incredible valuation turnaround with yet another big week, this time rising almost 16% in value. After months of unexplainable drops, the stock has been steadily rising for a couple of weeks now. It may be that investors have finally realized this company’s potential.
FATHOM plunged over 21 percent this week. The manufacturing service has been steadily dropping since their SPAC-introduction to the market back in December, and this week was more of the same, albeit a bit more than usual.
Markforged soared over 21 percent this week, likely a lagging bump due to their strategic acquisition of Digital Metal a few weeks ago. This is the typical pattern of 3D print stocks: news, then wait a couple of weeks for the market reaction.
The winner of the week was AML3D, an Australian company specializing in DED metal 3D printing. This week the company announced they’ve received certification to build marine parts, which should result in significant additional business. That, combined with a prior announcement of doubled revenues for the quarter, resulted in a gain of over 24% this past week.
Finally, Poland-based Sygnis acquired ZMorph, but this seems to have had zero effect on their valuation. However, let’s wait a few weeks and see what happens.
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.
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.