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 an overall slight decline in the leaderboard total, mostly due to general market forces that were flat. 3D print companies tend to exaggerate the general market shifts, so a flat market sometimes means down overall, as was the case this week.
The winner of the week was, quite surprisingly, Velo3D! This week the company’s value rose a very healthy 18%, continuing a trend it’s had for now two consecutive weeks.
I say surprising because the company has suffered huge losses in value since its debut on the market back in September 2021. While the value of the company’s stock peaked at almost US$13 last November, it’s been mostly downhill since then, with the company having weekly valuation drops almost by default.
I still find this quite astonishing, as they company has very significant technology that is poised to grow in markets that are only now catching on to the advantages.
As usual, there have been zero announcements from the company to cause this change in direction. My ongoing theory is that investors simply don’t understand this company and were scared off by their startup-like financials and unconvinced of future growth. However, it may be that attitude is changing, as we seem to have a definite shift in the valuation curve for Velo3D.
Fast Radius suffered a significant loss in value of almost 24% this week, but if you take a bigger perspective, the company’s valuation has been mostly flat for months, after dropping significantly after their market debut in January. While their stock price this week is around US$0.60, it began at US$10.00 only months ago. They have a lot of ground to make up for their initial investors.
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.