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 was flat as a pancake, with a couple of exceptions. The leaderboard total did slide upwards, but just over one percent. No company changed positions on the leaderboard. That’s flat, in my opinion.
While most companies on the leaderboard saw shifts of zero to four percent on either side of the ledger, there were three interesting exceptions.
The first is FATHOM, the digital manufacturing service, which saw its value plummet by almost 25% this week. The company issued no news that would have triggered this move. That massive decline would suggest there must be troubles, but further inspection reveals what likely went down.
As you can see in this monthly chart, FATHOM’s value rose unexpectedly the previous week. This week the stock’s value normalized back to what it has been for a few weeks. So in hindsight it could have been that there was a big buyer of FATHOM stock the other week that temporarily drove up the price.
On the positive side, Velo3D saw a jump of over seven percent, somewhat larger than the average bump this week. My suspicion is that it may have something to do with the company’s announcement of a new financing partner that would allow many more companies to quickly acquire the company’s Sapphire 3D printers. I suspect some eagled-eyed investors realized this and jumped on the stock.
Aurora Labs also jumped up over 18% this week. The small-cap company issued news a couple of weeks ago mentioning that their patent application for their unusual and powerful high volume MCP metal 3D printing process has been accepted. This bodes well for the company, and it seems somebody finally noticed.
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.