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 | $1,865 | +307 |
| 2 | Xometry | $1,619 | -28 |
| 3 | Farsoon | $1,528 | +118 |
| 4 | Proto Labs | $1,004 | +72 |
| 5 | Stratasys | $703 | +62 |
| 6 | 3D Systems | $522 | +104 |
| 7 | Nano Dimension | $518 | -20 |
| 8 | Materialise | $484 | +33 |
| 9 | Titomic | $205 | +14 |
| 10 | Desktop Metal | $73 | 0 |
| 11 | Markforged | $68 | -3 |
| 12 | AML3D | $51 | -6 |
| 13 | BigRep | $27 | +1 |
| 14 | Aurora Labs | $20 | -1 |
| 15 | Massivit | $8 | -1 |
| 16 | Freemelt | $6 | +0 |
| 17 | Steakholder Foods | $4 | -0 |
| 18 | Sygnis | $3 | +0 |
| TOTAL | $8,710 | +658 |
This week saw the major market indices all up by about two percent or so, which is quite significant. The leaderboard reacted positively, rising over eight percent.
There were several companies that moved upwards significantly, but also a couple of others heading the other direction.
Bright Laser leapt upwards almost 20% this week, a US$307M boost to their valuation. The Chinese markets were also up by a percent, which is partly the cause of Bright Laser’s rise. However, there is no official news from the company to explain the sudden upward movement. This week’s valuation increase puts Bright Laser once again at the top of the leaderboard, leapfrogging Xometry.
Farsoon, the other large Chinese company on the leaderboard, rose over eight percent. Not quite as much as Bright Laser, but also not enough to overtake Xometry for second place.
Nano Dimension fell almost four percent this week, likely due to investors cashing out after the boost in value caused by the leadership change at the company. Meanwhile, rivals Stratasys and 3D Systems each rose, ten and 25% respectively. While some of their changes were due to the markets in general, the 25% rise by 3D Systems is quite surprising. There are no official press releases from the company indicating a reason for the change. However, we are nearing the point where the company will release their 2024 financials, and it may be that investors anticipate good news. These shifts have left Nano Dimension once again behind the other two.
Titomic rose seven percent, pushing their valuation to over US$205M, and a solid hold on ninth place on the leaderboard. The company has had a significantly volatile valuation for some time, but it seems it is gradually moving upward due to their focus on the defense industry. That industry has recently had a spike in spending due to global events, hinting at the reason for the valuation bump.
Two companies of interest are Desktop Metal and Markforged, both of which have pending acquisitions underway with Nano Dimension. The change in Nano Dimension’s management may call these plans into question, and that’s been reflected in both company’s valuations. Markforged’s current valuation is almost half of what Nano Dimension planned to pay for the shares, for example. This week Desktop Metal was flat, while Markforged fell four percent.
We are still having trouble with Velo3D’s OTC market valuation, which seems incorrect from our several sources. We are leaving them off the leaderboard until this is sorted out. OTC markets are a bit strange, as they do not offer trading like normal exchanges.
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.
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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