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 | Protolabs | 784 | +2 |
| 2 | Xometry | 749 | -25 |
| 3 | Stratasys | 604 | -28 |
| 4 | Nano Dimension | 602 | +18 |
| 5 | 3D Systems | 470 | +3 |
| 6 | Materialise | 295 | -7 |
| 7 | Desktop Metal | 185 | -3 |
| 8 | Markforged | 85 | +2 |
| 9 | Titomic | 61 | -1 |
| 10 | Velo3D | 44 | -15 |
| 11 | Massivit | 26 | -7 |
| 12 | AML3D | 15 | +4 |
| 13 | Aurora Labs | 14 | -1 |
| 14 | Steakholder Foods | 12 | -1 |
| 15 | Freemelt | 8 | +0 |
| 16 | Shapeways | 7 | -1 |
| 17 | Sygnis | 4 | -0 |
| TOTAL | 3,965 | -96 |
This week saw mostly negative results, with the leaderboard total dipping by over two percent. That’s never good, but this shift echoed the markets in general, which were down a percent or so this week.
There were no changes at the top of the leaderboard. Protolabs remains in position one, with a flat week. Most others dipped slightly.
Stratasys lost about 4.5% of their value this week, while rival Nano Dimension continued their push forward, gaining three percent this week. This leaves the gap between the two at a mere US$2M. That’s quite a change for the two companies that had been battling for control over the past year. Meanwhile, 3D Systems slightly closed the gap, ending up US$132M behind Nano Dimension.
Velo3D continued their drop this week, with a change of negative 26%. That’s a huge dent in their value, which has suffered considerably since the release of their most recent quarterly financials. Those showed mixed results, but investors are likely focusing on the significant drop in revenue from last year.
Massivit suffered a massive loss in value this week, almost 22%. There doesn’t seem to be any specific news triggering this change, but looking at the long term stock price trend, it appears the company’s valuation is heading back to where it was in February after a brief burst of interest.
Aurora Labs’ valuation dipped just under ten percent this week, likely due to profit taking by investors seeing the recent rise in the company’s value.
AML3D again jumped up with a huge increase of almost 37% in value. This is suspected to be due to their ongoing series of announcements of deals with major industries and the military. Perhaps investors see the company as taking advantage of increasing interest in additive manufacturing by those groups.
Shapeways continued their drop, this week by over 17%. The company’s value has been disrupted by recent announcements of the sale of a major piece of their software to another party, led by their CEO. At this point the company is valued at only US$7M, and would be an easy acquisition for any other party. However, since that doesn’t seem to be happening one can understand why the value remains low.
Finally, there’s one change to the chart this week: Fathom Advanced Manufacturing has been removed. This is because the company last week left the market because they were acquired by a private company, CORE Industrial Partners. While the company appears to intend on continuing operations as normal, they’re no longer a publicly traded company that we can track on the leaderboard.
Upcoming Changes
BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.
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.
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.
