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
This week saw disastrous losses for several of the companies we track. Was this due to mis-steps by their corporate leaders or declining business? Not at all. The entire space was dragged down by general market trends that seem to be in the midst of a major “correction” in which overly inflated stock values suddenly crash to new levels. However, 3D printing was not universally affected as investors evidently believe the technology in general could be a winner in the future, yielding only a US$315M drop in value this week.
That said, some companies lost more than others. Some even managed to somehow stay more or less the same as last week, in spite of the market chaos around them. These included: Stratasys, Desktop Metal, Materialise, Velo3D, Nano Dimension, MeaTech 3D and Shapeways. That’s due to either recent announcements (like Materialise’s powerful new partnership with Sigma Labs and MeaTech 3D’s new leadership announcement) or a general confidence that the companies’ have great futures.
Notable drops included Markforged, SLM Solutions Massivit, Freemelt and voxeljet. Newcomer FATHOM also dropped around seven percent in value, but as they just appeared on the market, much volatility is expected.
The chaotic movements of stock prices this week also caused a few shifts in ranking on the leaderboard.
Xometry has dropped out of top spot only a week after nabbing first place from long-time holder 3D Systems. That’s because 3D Systems suffered only a two percent loss, being one of the older and more “known” companies in the space, whereas Xometry lost around eight percent.
Markforged’s drop slipped them down to tenth place, while FATHOM’s spectacular introduction to the market has dimmed slightly as they slide to fifth place.
Two new companies were added to our leaderboard this week. We add companies as they appear on markets or when we discover them. If you are aware of others that should be considered, please let us know!
One add is Sygnis, is one of the many Polish 3D printing companies, and one of the first to hit the stock market. Granted, they are not present on a major exchange, but they are tradable. The company provides services in a variety of additive areas, including bioprinting, nanoprinting and offer an interesting approach to 3D printing glass at low temperatures.
The second addition is the aforementioned Sigma Labs, which produces the powerful PrintRite3D metal 3D printing monitoring system. This sophisticated system can swiftly detect deviations from normal during metal 3D print jobs, allowing operators to quickly save costs by rectifying the situation or stopping the job before too much material is wasted. Their system is installed on many metal 3D printers, and their recent partnership with Materialise should provide a huge boost to their business.
We are still awaiting the appearance on the market of one more 3D print company: Fast Radius, a digital manufacturing cloud service.
Another company set to appear in early 2022 is Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ.
While no announcement has been made to going public, Roboze continues to take steps that would lead one to believe that is their eventual intention. This week the company announced a new investment of “several million” by a group of International investors. It’s my theory that these investors intend to get their investment back, and more, in the future. That could possibly be done through an IPO or SPAC move.
Roboze CEO and founder Alessio Lorusso said:
“This further fundraising will accelerate our momentum in the United States and will enhance our investments in Research and Development. Specifically, the funding will assist in the creation of new super material in our Italian R&D center, where we are building a new chemistry laboratory. We are honored to have a group of investors of this caliber, who strongly believe in the vision of Roboze and in the change of production paradigm that our technology is enabling by replacing metals and producing parts without wasting raw materials.”
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, Formlabs and SLM Solutions.
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.