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 | Farsoon | $4,735 | +210 |
| 2 | Xometry | $4,208 | +1385 |
| 3 | Bright Laser | $3,768 | +248 |
| 4 | Proto Labs | $1,649 | +98 |
| 5 | Stratasys | $734 | -34 |
| 6 | Velo3D | $379 | -1 |
| 7 | 3D Systems | $361 | +15 |
| 8 | Nano Dimension | $329 | -73 |
| 9 | Materialise | $317 | -5 |
| 10 | Titomic | $274 | -33 |
| 11 | 6K Additive | $262 | +12 |
| 12 | AML3D | $70 | +4 |
| 13 | Massivit | $28 | -2 |
| 14 | Aurora Labs | $21 | -0 |
| 15 | Sygnis | $9 | -0 |
| 16 | Freemelt | $4 | -0 |
| 17 | Steakholder Foods | $2 | +1 |
| TOTAL | $17,153 | +1826 |
This week saw very healthy gains on the major markets, with the tech-heavy NASDAQ soaring almost five percent. The 3D print companies followed, with the leaderboard gaining almost twelve percent. However, much of that gain was due to one single company.
That company was Xometry.
They gained 49% in value this week, one of the single largest weekly gains we’ve ever seen on this leaderboard. The gain alone was valued at over US$1B! Why the big gain? The major reason was that they reported record revenues in the first quarter. Along with that, they adjusted their yearly forecast upwards of 20%. And that wasn’t all: Siemens invested US$50M in the company, too. Put all that together and you should get a big gain.
The two Chinese companies on the leaderboard, Farsoon and Bright Laser, both gained, some five and seven percent respectively. Both companies are witnessing big investor attention recently, which has carried through this week. Farsoon has also been hinting about a large private placement/funding package.
Stratasys fell four percent this week, after releasing their latest financials. Revenue dipped slightly, widening their GAAP loss to just under US$24M. Interestingly, company management cited foreign exchange and tariffs as a contributing factor. While the company still has positive operating cash flow, that was enough to cause investors to drop the valuation.
Nano Dimension fell 18% this week, and it’s a complicated story. Readers will be familiar with the company’s struggles with acquisitions both before and after the huge management change. Today, the company reported that they continue to execute their “Three Phase Strategic Plan”, which included the sale of several acquisitions, expense streamlining, and “evaluating strategic alternatives to maximize long-term shareholder value”. These would seem to be the correct actions in the state Nano Dimension’s management finds the company. While the company still has plenty of cash reserves, all of this uncertainty definitely spooked investors, who lowered the company’s valuation.
Titomic fell eleven percent this week, likely due to profit-taking after some positive gains.
AML3D grew seven percent this week, as investors seem to like the company’s focus on military applications. That seems to be the right area these days.
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.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
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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